Equities analysts expect CBRE Group Inc (NYSE:CBRE) to report $5.08 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for CBRE Group’s earnings. The highest sales estimate is $5.14 billion and the lowest is $5.02 billion. CBRE Group posted sales of $4.67 billion in the same quarter last year, which suggests a positive year over year growth rate of 8.8%. The business is scheduled to issue its next quarterly earnings report on Wednesday, May 1st.
According to Zacks, analysts expect that CBRE Group will report full year sales of $22.40 billion for the current fiscal year, with estimates ranging from $22.25 billion to $22.62 billion. For the next fiscal year, analysts expect that the business will report sales of $23.68 billion, with estimates ranging from $23.18 billion to $24.24 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover CBRE Group.
CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Wednesday, February 13th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.08. The firm had revenue of $6.29 billion during the quarter, compared to analysts’ expectations of $5.96 billion. CBRE Group had a net margin of 4.98% and a return on equity of 23.93%. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 earnings per share.
Several research analysts recently issued reports on CBRE shares. Bank of America cut shares of CBRE Group from a “buy” rating to a “neutral” rating in a report on Thursday, January 3rd. Zacks Investment Research raised shares of CBRE Group from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. Finally, William Blair reissued an “outperform” rating on shares of CBRE Group in a report on Wednesday, February 13th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $53.80.
In related news, Director Gerardo I. Lopez bought 5,000 shares of the company’s stock in a transaction on Tuesday, December 4th. The stock was bought at an average cost of $42.41 per share, with a total value of $212,050.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.88% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Lindbrook Capital LLC purchased a new position in shares of CBRE Group during the 4th quarter worth approximately $27,000. Oregon Public Employees Retirement Fund increased its stake in shares of CBRE Group by 1,895.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,377,536 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 1,308,488 shares in the last quarter. Van ECK Associates Corp purchased a new position in shares of CBRE Group during the 4th quarter worth approximately $38,000. Whitnell & Co. increased its stake in shares of CBRE Group by 200.0% during the 4th quarter. Whitnell & Co. now owns 1,500 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new position in shares of CBRE Group during the 4th quarter worth approximately $61,000. 92.09% of the stock is owned by institutional investors.
NYSE CBRE traded down $0.20 during trading hours on Tuesday, hitting $49.56. 53,433 shares of the stock were exchanged, compared to its average volume of 1,692,088. The stock has a market capitalization of $16.96 billion, a P/E ratio of 15.13, a P/E/G ratio of 1.34 and a beta of 1.69. CBRE Group has a 12-month low of $37.45 and a 12-month high of $51.35. The company has a quick ratio of 1.16, a current ratio of 1.01 and a debt-to-equity ratio of 0.35.
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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