Brokerages Expect CBRE Group Inc (NYSE:CBRE) to Post $1.35 Earnings Per Share
Brokerages expect CBRE Group Inc (NYSE:CBRE) to post earnings of $1.35 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for CBRE Group’s earnings, with the lowest EPS estimate coming in at $1.32 and the highest estimate coming in at $1.38. CBRE Group posted earnings per share of $1.21 during the same quarter last year, which suggests a positive year-over-year growth rate of 11.6%. The business is scheduled to report its next quarterly earnings report before the market opens on Thursday, February 27th.
According to Zacks, analysts expect that CBRE Group will report full year earnings of $3.74 per share for the current year, with EPS estimates ranging from $3.73 to $3.77. For the next year, analysts forecast that the company will report earnings of $4.12 per share, with EPS estimates ranging from $4.01 to $4.20. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for CBRE Group.
CBRE Group (NYSE:CBRE) last released its earnings results on Wednesday, November 6th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.01. CBRE Group had a net margin of 4.50% and a return on equity of 23.24%. The company had revenue of $5.93 billion for the quarter, compared to the consensus estimate of $5.73 billion. During the same quarter in the previous year, the company earned $0.79 EPS. CBRE Group’s quarterly revenue was up 12.6% compared to the same quarter last year.
CBRE traded up $0.41 during trading on Thursday, hitting $60.80. 1,203,906 shares of the company’s stock were exchanged, compared to its average volume of 1,106,405. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $59.58 and its two-hundred day moving average is $54.57. CBRE Group has a fifty-two week low of $42.64 and a fifty-two week high of $61.90. The stock has a market cap of $20.18 billion, a P/E ratio of 18.54, a PEG ratio of 1.33 and a beta of 1.69.
In other news, CEO Michael J. Lafitte sold 26,759 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $56.02, for a total value of $1,499,039.18. Following the completion of the sale, the chief executive officer now owns 335,364 shares in the company, valued at $18,787,091.28. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert E. Sulentic sold 40,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $55.30, for a total transaction of $2,212,000.00. Following the completion of the sale, the chief executive officer now owns 749,011 shares of the company’s stock, valued at approximately $41,420,308.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,074 shares of company stock valued at $4,223,623. 0.74% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cerebellum GP LLC grew its position in CBRE Group by 7.9% during the fourth quarter. Cerebellum GP LLC now owns 9,065 shares of the financial services provider’s stock valued at $556,000 after buying an additional 663 shares during the period. AE Wealth Management LLC grew its position in CBRE Group by 16.8% during the fourth quarter. AE Wealth Management LLC now owns 48,067 shares of the financial services provider’s stock valued at $2,946,000 after buying an additional 6,925 shares during the period. Calamos Advisors LLC bought a new position in CBRE Group during the fourth quarter valued at about $225,000. Alpha Windward LLC grew its position in CBRE Group by 3.0% during the fourth quarter. Alpha Windward LLC now owns 8,876 shares of the financial services provider’s stock valued at $544,000 after buying an additional 262 shares during the period. Finally, DNB Asset Management AS grew its position in CBRE Group by 47.9% during the fourth quarter. DNB Asset Management AS now owns 52,158 shares of the financial services provider’s stock valued at $3,197,000 after buying an additional 16,881 shares during the period. Institutional investors own 93.00% of the company’s stock.
About CBRE Group
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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