Cushman & Wakefield (CWK) to Release Earnings on Monday

Cushman & Wakefield (NYSE:CWK) is set to post its quarterly earnings results after the market closes on Monday, April 29th. Analysts expect Cushman & Wakefield to post earnings of ($0.02) per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Cushman & Wakefield (NYSE:CWK) last posted its earnings results on Tuesday, February 20th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.06. The company had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Cushman & Wakefield had a positive return on equity of 11.87% and a negative net margin of 0.37%. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period last year, the business posted $0.46 earnings per share. 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 Performance

CWK stock opened at $9.72 on Friday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of -57.18 and a beta of 1.34. Cushman & Wakefield has a 1 year low of $6.24 and a 1 year high of $11.76. The stock’s fifty day moving average is $9.96 and its two-hundred day moving average is $9.44.

Insider Activity at Cushman & Wakefield

In related news, insider Nathaniel Robinson sold 40,000 shares of Cushman & Wakefield stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $9.99, for a total transaction of $399,600.00. Following the sale, the insider now directly owns 40,427 shares in the company, valued at $403,865.73. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Nathaniel Robinson sold 40,000 shares of Cushman & Wakefield stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $9.99, for a total transaction of $399,600.00. Following the sale, the insider now directly owns 40,427 shares in the company, valued at $403,865.73. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of Cushman & Wakefield stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $9.74, for a total transaction of $75,338,451.96. Following the sale, the insider now owns 17,098,001 shares in the company, valued at $166,534,529.74. The disclosure for this sale can be found here. Company insiders own 1.01% of the company’s stock.

Analyst Ratings Changes

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

About Cushman & Wakefield

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.