Cushman & Wakefield (CWK) Set to Announce Earnings on Monday

Cushman & Wakefield (NYSE:CWK) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.06. Cushman & Wakefield had a negative net margin of 0.37% and a positive return on equity of 11.87%. The firm had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the prior year, the firm earned $0.46 EPS. The business’s revenue was down 3.6% on a year-over-year basis. On average, analysts expect Cushman & Wakefield to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Cushman & Wakefield Stock Up 1.6 %

Shares of CWK opened at $9.72 on Friday. Cushman & Wakefield has a 12 month low of $6.24 and a 12 month high of $11.76. The firm’s 50 day moving average is $9.96 and its 200-day moving average is $9.45. The stock has a market capitalization of $2.21 billion, a PE ratio of -57.17 and a beta of 1.34. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.85.

Insider Activity at Cushman & Wakefield

In related news, insider Nathaniel Robinson sold 40,000 shares of Cushman & Wakefield stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $9.99, for a total value of $399,600.00. Following the transaction, the insider now directly owns 40,427 shares of the company’s stock, valued at $403,865.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of Cushman & Wakefield stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $9.74, for a total value of $75,338,451.96. Following the transaction, the insider now directly owns 17,098,001 shares of the company’s stock, valued at $166,534,529.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nathaniel Robinson sold 40,000 shares of Cushman & Wakefield stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $9.99, for a total transaction of $399,600.00. Following the completion of the transaction, the insider now directly owns 40,427 shares in the company, valued at $403,865.73. The disclosure for this sale can be found here. 1.01% of the stock is currently owned by insiders.

Analyst Ratings Changes

CWK has been the topic of several recent research reports. Raymond James cut shares of Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 target price on the stock. in a report on Wednesday, April 3rd. Wolfe Research reaffirmed a “peer perform” rating on shares of Cushman & Wakefield in a report on Tuesday, April 9th. Finally, Jefferies Financial Group initiated coverage on shares of Cushman & Wakefield in a report on Wednesday, April 10th. They set a “buy” rating and a $13.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $11.08.

Cushman & Wakefield Company Profile

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.