Q2 2024 EPS Estimates for Cushman & Wakefield plc Decreased by Analyst (NYSE:CWK)

Cushman & Wakefield plc (NYSE:CWK) – Analysts at William Blair cut their Q2 2024 EPS estimates for shares of Cushman & Wakefield in a research report issued on Tuesday, April 30th. William Blair analyst S. Sheldon now expects that the company will post earnings of $0.08 per share for the quarter, down from their prior forecast of $0.26. The consensus estimate for Cushman & Wakefield’s current full-year earnings is $0.98 per share. William Blair also issued estimates for Cushman & Wakefield’s Q3 2024 earnings at $0.25 EPS, Q4 2024 earnings at $0.60 EPS and Q4 2025 earnings at $0.70 EPS.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.06. The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $1.78 billion. Cushman & Wakefield had a net margin of 0.13% and a return on equity of 12.41%. Cushman & Wakefield’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 EPS.

CWK has been the topic of several other reports. Wolfe Research restated a “peer perform” rating on shares of Cushman & Wakefield in a research report on Tuesday, April 9th. Raymond James downgraded Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 price objective for the company. in a research note on Wednesday, April 3rd. Finally, Jefferies Financial Group started coverage on Cushman & Wakefield in a research report on Wednesday, April 10th. They set a “buy” rating and a $13.00 target price on the stock. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.08.

Cushman & Wakefield Price Performance

Shares of NYSE CWK opened at $10.02 on Thursday. The firm has a market capitalization of $2.30 billion, a P/E ratio of 250.50 and a beta of 1.33. Cushman & Wakefield has a one year low of $6.24 and a one year high of $11.76. The company’s fifty day moving average is $9.89 and its two-hundred day moving average is $9.52. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.17 and a current ratio of 1.13.

Institutional Trading of Cushman & Wakefield

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC acquired a new position in Cushman & Wakefield during the 4th quarter worth $50,000. AXQ Capital LP bought a new position in shares of Cushman & Wakefield during the third quarter worth about $79,000. Tower Research Capital LLC TRC grew its stake in Cushman & Wakefield by 352.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,311 shares of the company’s stock worth $79,000 after purchasing an additional 5,694 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Cushman & Wakefield by 30.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 11,598 shares of the company’s stock valued at $88,000 after buying an additional 2,737 shares during the last quarter. Finally, Pale Fire Capital SE acquired a new stake in Cushman & Wakefield during the fourth quarter valued at approximately $108,000. 95.56% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

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.