CBRE Group (NYSE:CBRE – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 4.950-5.050 for the period, compared to the consensus estimate of 4.810. The company issued revenue guidance of -. CBRE Group also updated its FY24 guidance to $4.95-5.05 EPS.
CBRE Group Stock Up 8.4 %
CBRE stock traded up $10.38 on Thursday, hitting $133.50. 4,569,368 shares of the company’s stock were exchanged, compared to its average volume of 1,646,155. CBRE Group has a 12-month low of $64.63 and a 12-month high of $136.06. The firm has a 50 day moving average price of $118.97 and a two-hundred day moving average price of $101.77. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market cap of $40.96 billion, a P/E ratio of 41.59 and a beta of 1.40.
CBRE Group (NYSE:CBRE – Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. CBRE Group had a return on equity of 12.74% and a net margin of 2.79%. The company had revenue of $8.39 billion during the quarter, compared to analysts’ expectations of $8.31 billion. During the same quarter in the previous year, the firm posted $0.82 EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. As a group, equities research analysts expect that CBRE Group will post 4.81 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on CBRE
Insider Activity
In other news, COO Vikramaditya Kohli sold 1,074 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $108.89, for a total value of $116,947.86. Following the completion of the sale, the chief operating officer now directly owns 69,226 shares in the company, valued at $7,538,019.14. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, COO Vikramaditya Kohli sold 1,074 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $108.89, for a total value of $116,947.86. Following the completion of the sale, the chief operating officer now directly owns 69,226 shares in the company, valued at $7,538,019.14. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Lindsey S. Caplan sold 2,000 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $109.87, for a total value of $219,740.00. Following the completion of the transaction, the chief accounting officer now owns 16,606 shares of the company’s stock, valued at $1,824,501.22. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,232 shares of company stock worth $3,058,787 over the last ninety days. Corporate insiders own 0.54% of the company’s stock.
About CBRE Group
CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.
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