CBRE Group (NYSE:CBRE – Get Free Report) is scheduled to be announcing its earnings results before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of $0.68 per share for the quarter. CBRE Group has set its FY24 guidance at $4.25-4.65 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.
CBRE Group (NYSE:CBRE – Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The financial services provider reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.17. The business had revenue of $8.95 billion for the quarter, compared to analyst estimates of $8.44 billion. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. CBRE Group’s revenue was up 9.2% compared to the same quarter last year. During the same period last year, the firm posted $1.33 earnings per share. On average, analysts expect CBRE Group to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.
CBRE Group Stock Down 0.7 %
CBRE stock opened at $86.27 on Thursday. The firm has a 50-day moving average price of $91.86 and a 200-day moving average price of $85.69. The stock has a market capitalization of $26.48 billion, a P/E ratio of 27.21 and a beta of 1.42. CBRE Group has a 12 month low of $64.63 and a 12 month high of $98.65. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.31.
Insider Activity
Analyst Ratings Changes
CBRE has been the subject of a number of recent research reports. Jefferies Financial Group started coverage on CBRE Group in a report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 target price for the company. Raymond James boosted their price target on shares of CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 25th. Evercore ISI increased their price objective on shares of CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a research report on Tuesday, April 2nd. TheStreet upgraded shares of CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. Finally, StockNews.com lowered CBRE Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, CBRE Group has a consensus rating of “Hold” and an average price target of $99.50.
Read Our Latest Analysis on CBRE
CBRE Group Company Profile
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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