Equities research analysts predict that CBRE Group Inc (NYSE:CBG) will announce earnings of $0.34 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for CBRE Group’s earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.30. CBRE Group posted earnings per share of $0.36 during the same quarter last year, which would indicate a negative year over year growth rate of 5.6%. The business is expected to report its next quarterly earnings report before the market opens on Thursday, April 27th.
According to Zacks, analysts expect that CBRE Group will report full year earnings of $2.39 per share for the current fiscal year, with EPS estimates ranging from $2.38 to $2.40. For the next financial year, analysts expect that the company will report earnings of $2.52 per share, with EPS estimates ranging from $2.42 to $2.57. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for CBRE Group.
CBRE Group (NYSE:CBG) last issued its earnings results on Friday, February 10th. The financial services provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.14. CBRE Group had a return on equity of 26.37% and a net margin of 4.38%. The company had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period in the prior year, the firm earned $0.81 earnings per share. CBRE Group’s revenue for the quarter was up 3.4% on a year-over-year basis.
CBG has been the subject of a number of research reports. Zacks Investment Research upgraded CBRE Group from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Tuesday, January 3rd. Wedbush reiterated an “outperform” rating and set a $35.00 price objective (down previously from $38.00) on shares of CBRE Group in a research report on Wednesday, February 15th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating on shares of CBRE Group in a research report on Thursday, March 16th.
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In other CBRE Group news, CFO James R. Groch sold 85,000 shares of the business’s stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $34.74, for a total transaction of $2,952,900.00. Following the completion of the sale, the chief financial officer now owns 480,483 shares of the company’s stock, valued at $16,691,979.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Laura D. Tyson sold 3,966 shares of the business’s stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $36.33, for a total value of $144,084.78. Following the sale, the director now directly owns 30,278 shares of the company’s stock, valued at approximately $1,099,999.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 165,175 shares of company stock valued at $5,784,723. 1.10% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in CBG. Parkwood LLC raised its position in CBRE Group by 0.4% in the third quarter. Parkwood LLC now owns 9,380 shares of the financial services provider’s stock worth $262,000 after buying an additional 42 shares during the period. TCW Group Inc. raised its position in CBRE Group by 0.5% in the fourth quarter. TCW Group Inc. now owns 22,150 shares of the financial services provider’s stock worth $698,000 after buying an additional 100 shares during the period. Argentus Capital Management LLC raised its position in CBRE Group by 1.3% in the third quarter. Argentus Capital Management LLC now owns 8,521 shares of the financial services provider’s stock worth $238,000 after buying an additional 107 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in CBRE Group by 0.9% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,208 shares of the financial services provider’s stock worth $542,000 after buying an additional 148 shares during the period. Finally, Profund Advisors LLC raised its position in CBRE Group by 1.1% in the third quarter. Profund Advisors LLC now owns 21,014 shares of the financial services provider’s stock worth $588,000 after buying an additional 220 shares during the period. 95.98% of the stock is owned by hedge funds and other institutional investors.
Shares of CBRE Group (NYSE:CBG) traded up 0.61% during trading on Tuesday, hitting $34.38. The stock had a trading volume of 2,297,274 shares. The firm has a 50 day moving average price of $34.61 and a 200-day moving average price of $31.37. CBRE Group has a 52 week low of $24.11 and a 52 week high of $36.74. The stock has a market capitalization of $11.43 billion, a price-to-earnings ratio of 20.34 and a beta of 1.70.
CBRE Group Company Profile
CBRE Group, Inc is a holding company that conducts all of its operations through its subsidiaries. The Company operates as a commercial real estate services and investment company. The Company operates through the segments: The Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; Global Investment Management, and Development Services.
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