CBRE Group (NYSE:CBRE) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $3.70-3.80 for the period, compared to the Thomson Reuters consensus estimate of $3.77.

Shares of NYSE:CBRE traded up $0.16 during trading on Friday, hitting $54.67. The stock had a trading volume of 515,123 shares, compared to its average volume of 1,380,720. CBRE Group has a 12 month low of $37.45 and a 12 month high of $56.60. The company has a market capitalization of $18.68 billion, a PE ratio of 16.67, a PEG ratio of 1.35 and a beta of 1.68. The firm’s fifty day moving average is $52.54 and its 200 day moving average is $51.41. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.51.

CBRE Group (NYSE:CBRE) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.01. CBRE Group had a return on equity of 24.14% and a net margin of 4.79%. The firm had revenue of $5.93 billion during the quarter, compared to analyst estimates of $5.73 billion. During the same quarter in the prior year, the company earned $0.79 EPS. The business’s revenue was up 12.6% compared to the same quarter last year. Equities research analysts expect that CBRE Group will post 3.75 EPS for the current fiscal year.

CBRE has been the subject of several research reports. JPMorgan Chase & Co. initiated coverage on CBRE Group in a research report on Tuesday, October 29th. They issued an overweight rating for the company. ValuEngine lowered CBRE Group from a hold rating to a sell rating in a research report on Wednesday, October 2nd. UBS Group increased their target price on CBRE Group from $56.00 to $57.00 and gave the stock a neutral rating in a research report on Monday, August 12th. Finally, Raymond James increased their target price on CBRE Group from $65.00 to $67.00 and gave the stock a strong-buy rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $57.40.

In other CBRE Group news, insider James R. Groch sold 75,000 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $54.10, for a total transaction of $4,057,500.00. Following the sale, the insider now directly owns 318,000 shares in the company, valued at approximately $17,203,800. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Robert E. Sulentic sold 40,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $50.00, for a total value of $2,000,000.00. Following the sale, the insider now owns 829,011 shares in the company, valued at $41,450,550. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,115,000 shares of company stock valued at $167,637,500. 0.74% of the stock is owned by corporate insiders.

CBRE Group Company Profile

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; 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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Earnings History and Estimates for CBRE Group (NYSE:CBRE)

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