Cushman & Wakefield plc (NYSE:CWK) Forecasted to Earn Q3 2024 Earnings of $0.17 Per Share

Cushman & Wakefield plc (NYSE:CWK) – Equities research analysts at William Blair reduced their Q3 2024 earnings per share estimates for shares of Cushman & Wakefield in a report issued on Monday, October 14th. William Blair analyst S. Sheldon now expects that the company will post earnings of $0.17 per share for the quarter, down from their prior estimate of $0.22. The consensus estimate for Cushman & Wakefield’s current full-year earnings is $0.87 per share. William Blair also issued estimates for Cushman & Wakefield’s Q4 2024 earnings at $0.58 EPS.

A number of other brokerages have also recently commented on CWK. Raymond James lifted their target price on Cushman & Wakefield from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. boosted their price objective on Cushman & Wakefield from $12.00 to $14.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Cushman & Wakefield currently has a consensus rating of “Hold” and an average price target of $12.80.

Cushman & Wakefield Price Performance

Shares of Cushman & Wakefield stock opened at $13.10 on Tuesday. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 327.38 and a beta of 1.30. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a 50 day moving average price of $12.96 and a 200-day moving average price of $11.59. Cushman & Wakefield has a one year low of $6.24 and a one year high of $13.99.

Cushman & Wakefield (NYSE:CWK) last announced its earnings results on Monday, July 29th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Cushman & Wakefield had a return on equity of 12.08% and a net margin of 0.22%. The company’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.22 EPS.

Institutional Investors Weigh In On Cushman & Wakefield

Hedge funds have recently made changes to their positions in the company. CWM LLC lifted its holdings in shares of Cushman & Wakefield by 61.4% in the 2nd quarter. CWM LLC now owns 5,468 shares of the company’s stock worth $57,000 after buying an additional 2,080 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Cushman & Wakefield by 45.8% in the 3rd quarter. GAMMA Investing LLC now owns 5,186 shares of the company’s stock worth $71,000 after buying an additional 1,629 shares during the period. Profund Advisors LLC purchased a new stake in shares of Cushman & Wakefield in the 2nd quarter worth $105,000. nVerses Capital LLC purchased a new stake in shares of Cushman & Wakefield in the 2nd quarter worth $116,000. Finally, Brightwater Advisory LLC purchased a new stake in shares of Cushman & Wakefield in the 2nd quarter worth $130,000. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

Cushman & Wakefield Company Profile

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.