Cushman & Wakefield (CWK) to Release Quarterly Earnings on Thursday


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Cushman & Wakefield (NYSE:CWK) will issue its quarterly earnings data after the market closes on Thursday, May 6th. Analysts expect the company to announce earnings of ($0.33) per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Thursday, February 25th. The company reported ($0.12) EPS for the quarter. The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.13 billion. Cushman & Wakefield had a negative net margin of 2.32% and a negative return on equity of 17.04%. On average, analysts expect Cushman & Wakefield to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

CWK opened at $17.63 on Wednesday. The stock has a market capitalization of $3.93 billion, a P/E ratio of -20.26, a P/E/G ratio of 20.26 and a beta of 1.52. Cushman & Wakefield has a 12 month low of $8.51 and a 12 month high of $17.95. The firm’s fifty day simple moving average is $16.74 and its 200 day simple moving average is $15.30. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 3.09.

In other Cushman & Wakefield news, major shareholder Drone Holding Gp I. Ltd Pagac sold 4,583,655 shares of the stock in a transaction dated Monday, March 15th. The shares were sold at an average price of $17.26, for a total value of $79,113,885.30. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is owned by corporate insiders.

Several equities research analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of Cushman & Wakefield from $15.25 to $18.50 and gave the company an “overweight” rating in a research report on Monday. Credit Suisse Group lifted their price target on shares of Cushman & Wakefield from $17.00 to $19.00 and gave the company an “outperform” rating in a research note on Tuesday, March 16th. The Goldman Sachs Group started coverage on shares of Cushman & Wakefield in a research note on Monday, January 25th. They issued a “neutral” rating and a $15.50 price target on the stock. Raymond James lowered their price target on shares of Cushman & Wakefield from $20.00 to $19.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Zacks Investment Research lowered shares of Cushman & Wakefield from a “hold” rating to a “sell” rating in a research note on Tuesday, April 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $16.86.

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.

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Earnings History for Cushman & Wakefield (NYSE:CWK)

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