Analysts expect that CBRE Group Inc (NYSE:CBRE) will report earnings per share of $0.77 for the current quarter, according to Zacks. Two analysts have made estimates for CBRE Group’s earnings, with the highest EPS estimate coming in at $0.80 and the lowest estimate coming in at $0.74. CBRE Group posted earnings per share of $0.79 in the same quarter last year, which would indicate a negative year-over-year growth rate of 2.5%. The business is scheduled to announce its next earnings results on Thursday, November 7th.
On average, analysts expect that CBRE Group will report full-year earnings of $3.68 per share for the current year, with EPS estimates ranging from $3.55 to $3.75. For the next financial year, analysts expect that the firm will post earnings of $3.95 per share, with EPS estimates ranging from $3.74 to $4.05. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow CBRE Group.
CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.03. The firm had revenue of $5.71 billion during the quarter, compared to analyst estimates of $5.59 billion. CBRE Group had a return on equity of 24.72% and a net margin of 4.94%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.74 EPS.
Shares of CBRE traded down $0.99 during trading hours on Friday, hitting $53.51. The company had a trading volume of 1,361,562 shares, compared to its average volume of 1,038,483. The company has a market cap of $17.83 billion, a P/E ratio of 16.31, a PEG ratio of 1.33 and a beta of 1.70. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.16 and a quick ratio of 1.16. CBRE Group has a one year low of $37.45 and a one year high of $56.47. The business’s fifty day moving average price is $51.98.
In related news, insider Dara Bazzano sold 1,252 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $47.51, for a total transaction of $59,482.52. Following the transaction, the insider now directly owns 21,246 shares in the company, valued at approximately $1,009,397.46. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider James R. Groch sold 50,000 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $55.13, for a total value of $2,756,500.00. Following the transaction, the insider now owns 404,918 shares in the company, valued at $22,323,129.34. The disclosure for this sale can be found here. Over the last three months, insiders sold 99,766 shares of company stock valued at $5,218,495. Corporate insiders own 0.74% of the company’s stock.
A number of hedge funds have recently made changes to their positions in CBRE. Hexavest Inc. purchased a new position in CBRE Group during the 2nd quarter worth $30,000. Rational Advisors LLC grew its stake in CBRE Group by 347.6% during the 1st quarter. Rational Advisors LLC now owns 640 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 497 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in CBRE Group during the 2nd quarter valued at about $33,000. CX Institutional purchased a new stake in CBRE Group during the 1st quarter valued at about $35,000. Finally, Enterprise Financial Services Corp grew its stake in CBRE Group by 680.6% during the 2nd quarter. Enterprise Financial Services Corp now owns 765 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 667 shares during the last quarter. Hedge funds and other institutional investors own 93.33% of the company’s stock.
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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