Cushman & Wakefield (CWK) Scheduled to Post Earnings on Thursday

Posted by Defense World Staff on Apr 27th, 2023

Cushman & Wakefield (NYSE:CWK – Get Rating) is scheduled to be releasing its earnings data after the market closes on Thursday, May 4th. Analysts expect Cushman & Wakefield to post earnings of $0.17 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Cushman & Wakefield (NYSE:CWK – Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. The company reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. Cushman & Wakefield had a return on equity of 28.56% and a net margin of 1.94%. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter in the prior year, the company earned $0.64 earnings per share. The firm’s revenue was down 8.2% on a year-over-year basis. On average, analysts expect Cushman & Wakefield to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Cushman & Wakefield Stock Performance

Shares of CWK opened at $8.93 on Thursday. The company has a 50-day moving average of $10.99 and a two-hundred day moving average of $11.90. Cushman & Wakefield has a one year low of $8.82 and a one year high of $19.15. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 10.26 and a beta of 1.33. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.16 and a quick ratio of 1.16.

Institutional Trading of Cushman & Wakefield

A number of large investors have recently made changes to their positions in the company. Advisor Group Holdings Inc. boosted its holdings in Cushman & Wakefield by 3,128.2% during the first quarter. Advisor Group Holdings Inc. now owns 2,292 shares of the company’s stock worth $46,000 after purchasing an additional 2,221 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Cushman & Wakefield by 3.7% in the first quarter. Bank of New York Mellon Corp now owns 550,325 shares of the company’s stock valued at $11,287,000 after purchasing an additional 19,586 shares during the last quarter. US Bancorp DE increased its position in Cushman & Wakefield by 1,215.8% during the 1st quarter. US Bancorp DE now owns 8,237 shares of the company’s stock worth $169,000 after buying an additional 7,611 shares during the period. Bank of Montreal Can grew its position in Cushman & Wakefield by 7.0% during the first quarter. Bank of Montreal Can now owns 34,037 shares of the company’s stock worth $711,000 after buying an additional 2,216 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in Cushman & Wakefield by 199.9% during the first quarter. Acadian Asset Management LLC now owns 13,220 shares of the company’s stock worth $271,000 after buying an additional 8,812 shares in the last quarter. Institutional investors own 83.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. UBS Group cut shares of Cushman & Wakefield from a “buy” rating to a “neutral” rating and reduced their target price for the company from $19.00 to $10.00 in a research note on Monday, April 17th. The Goldman Sachs Group cut Cushman & Wakefield from a “buy” rating to a “neutral” rating and cut their price objective for the company from $15.50 to $11.00 in a report on Monday, April 10th. Raymond James decreased their price objective on shares of Cushman & Wakefield from $25.00 to $23.00 and set a “strong-buy” rating on the stock in a research note on Friday, January 20th. Credit Suisse Group lowered Cushman & Wakefield from an “outperform” rating to a “neutral” rating in a research report on Monday, January 9th. Finally, Wolfe Research cut Cushman & Wakefield from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 31st. Four 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $15.75.

About Cushman & Wakefield

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Cushman & Wakefield Plc engages in the provision of commercial real estate services It operates through the following geographical segments: Americas; Europe, Middle East and Africa (EMEA); and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.