Cushman & Wakefield (NYSE:CWK) posted its earnings results on Tuesday. The company reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.08), Briefing.com reports. Cushman & Wakefield had a negative return on equity of 1.58% and a negative net margin of 0.24%. The company had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same quarter last year, the firm posted $0.45 earnings per share. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year.
Shares of CWK traded up $0.52 on Friday, reaching $18.72. 5,583 shares of the stock traded hands, compared to its average volume of 402,634. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of -17.17, a P/E/G ratio of 3.48 and a beta of 2.00. The company has a debt-to-equity ratio of 2.42, a current ratio of 1.16 and a quick ratio of 1.16. Cushman & Wakefield has a 12 month low of $13.25 and a 12 month high of $20.62. The stock’s 50-day moving average price is $18.32 and its 200-day moving average price is $18.16.
In other news, insider Duncan Palmer sold 3,599 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $18.82, for a total transaction of $67,733.18. Also, CEO W Brett White sold 41,770 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $17.92, for a total value of $748,518.40. Insiders own 0.85% of the company’s stock.
Several brokerages have commented on CWK. ValuEngine downgraded Cushman & Wakefield from a “buy” rating to a “hold” rating in a research report on Saturday, September 14th. JPMorgan Chase & Co. lifted their price target on Cushman & Wakefield from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Zacks Investment Research raised Cushman & Wakefield from a “sell” rating to a “hold” rating in a research report on Monday, September 16th. Barclays set a $23.00 price target on Cushman & Wakefield and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, Bank of America began coverage on Cushman & Wakefield in a research report on Friday, October 18th. They issued a “neutral” rating and a $21.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $21.50.
Cushman & Wakefield Company Profile
Cushman & Wakefield plc provides commercial real estate services under the Cushman & Wakefield brand in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It offers integrated facilities management, project and development, portfolio administration, transaction management, and strategic consulting services; property management services, including client accounting, engineering and operations, lease compliance administration, project and development, and sustainability services; and janitorial, maintenance, critical environment management, landscaping, and office services.
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