Cushman & Wakefield (NYSE:CWK) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Cushman & Wakefield (NYSE:CWK) posted its quarterly earnings data on Monday. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02, Briefing.com reports. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $1.61 billion. Cushman & Wakefield had a net margin of 0.22% and a return on equity of 12.08%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.21 EPS.

Cushman & Wakefield Price Performance

Cushman & Wakefield stock traded down $0.54 during trading hours on Wednesday, hitting $14.63. 4,865,041 shares of the stock were exchanged, compared to its average volume of 2,229,546. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $3.35 billion, a P/E ratio of 39.54 and a beta of 1.30. Cushman & Wakefield has a 12 month low of $7.28 and a 12 month high of $16.11. The business’s 50-day moving average is $13.16 and its two-hundred day moving average is $11.95.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CWK shares. JPMorgan Chase & Co. upped their target price on shares of Cushman & Wakefield from $12.00 to $14.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Raymond James upped their target price on shares of Cushman & Wakefield from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Cushman & Wakefield presently has an average rating of “Hold” and an average target price of $12.80.

About Cushman & Wakefield

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East and Africa; and Asia Pacific segments.