CBRE Group (CBRE) to Release Quarterly Earnings on Friday

CBRE Group (NYSE:CBRE) will 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.Investors that wish to register for the company’s conference call can do so using this link.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.17. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The business had revenue of $8.95 billion during the quarter, compared to the consensus estimate of $8.44 billion. During the same quarter last year, the firm earned $1.33 earnings per share. CBRE Group’s quarterly revenue was up 9.2% on a year-over-year basis. 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 Price Performance

Shares of NYSE CBRE opened at $86.90 on Wednesday. CBRE Group has a twelve month low of $64.63 and a twelve month high of $98.65. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $26.67 billion, a PE ratio of 27.41 and a beta of 1.42. The firm has a fifty day simple moving average of $91.95 and a 200 day simple moving average of $85.69.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Evercore ISI lifted their price target on shares of CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research note on Tuesday, April 2nd. Keefe, Bruyette & Woods lifted their price target on shares of CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. Jefferies Financial Group assumed coverage on shares of CBRE Group in a research note on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price target for the company. Raymond James lifted their price target on shares of CBRE Group from $95.00 to $103.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 25th. Finally, StockNews.com downgraded shares of CBRE Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $99.50.

Insider Activity

In other news, CEO John E. Durburg sold 25,000 shares of CBRE Group stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the completion of the transaction, the chief executive officer now directly owns 207,856 shares in the company, valued at $19,164,323.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO John E. Durburg sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total transaction of $2,305,000.00. Following the transaction, the chief executive officer now directly owns 207,856 shares in the company, valued at $19,164,323.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Emma E. Giamartino sold 2,667 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $93.53, for a total transaction of $249,444.51. Following the transaction, the chief financial officer now owns 72,350 shares in the company, valued at $6,766,895.50. The disclosure for this sale can be found here. Insiders sold 39,592 shares of company stock worth $3,675,752 over the last three months. 0.54% of the stock is currently owned by insiders.

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.