CBRE Group FY2024 EPS Estimate Increased by Zacks Research

CBRE Group, Inc. (NYSE:CBRE) – Investment analysts at Zacks Research boosted their FY2024 earnings estimates for CBRE Group in a research note issued on Thursday, November 14th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings per share of $4.89 for the year, up from their prior estimate of $4.71. The consensus estimate for CBRE Group’s current full-year earnings is $4.94 per share. Zacks Research also issued estimates for CBRE Group’s Q4 2024 earnings at $2.10 EPS, Q1 2025 earnings at $0.94 EPS, Q2 2025 earnings at $1.08 EPS, Q3 2025 earnings at $1.42 EPS, Q4 2025 earnings at $2.40 EPS, FY2025 earnings at $5.84 EPS, Q2 2026 earnings at $1.57 EPS, Q3 2026 earnings at $1.73 EPS and FY2026 earnings at $6.77 EPS.

CBRE has been the topic of a number of other reports. Morgan Stanley started coverage on shares of CBRE Group in a research note on Thursday, July 25th. They issued an “equal weight” rating and a $105.00 price objective on the stock. Raymond James increased their price target on shares of CBRE Group from $122.00 to $124.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 25th. Evercore ISI lifted their price objective on CBRE Group from $123.00 to $132.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Keefe, Bruyette & Woods increased their target price on CBRE Group from $125.00 to $138.00 and gave the company a “market perform” rating in a report on Tuesday, October 29th. Finally, Wolfe Research raised CBRE Group to a “strong-buy” rating in a research report on Friday, August 16th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, CBRE Group presently has a consensus rating of “Moderate Buy” and an average target price of $116.83.

CBRE Group Trading Up 1.9 %

Shares of CBRE stock opened at $132.67 on Monday. The stock has a market cap of $40.60 billion, a P/E ratio of 42.66 and a beta of 1.39. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.34. CBRE Group has a fifty-two week low of $76.63 and a fifty-two week high of $137.93. The business has a fifty day simple moving average of $125.61 and a 200-day simple moving average of $107.50.

CBRE Group (NYSE:CBRE) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.14. The firm had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $8.80 billion. CBRE Group had a return on equity of 13.91% and a net margin of 2.79%. CBRE Group’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the business posted $0.72 EPS.

Hedge Funds Weigh In On CBRE Group

A number of large investors have recently bought and sold shares of the stock. Lindbrook Capital LLC lifted its stake in shares of CBRE Group by 4.7% in the 3rd quarter. Lindbrook Capital LLC now owns 1,750 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 79 shares in the last quarter. Stephens Inc. AR raised its holdings in CBRE Group by 3.1% in the third quarter. Stephens Inc. AR now owns 2,640 shares of the financial services provider’s stock valued at $329,000 after buying an additional 80 shares during the period. Fidelis Capital Partners LLC lifted its position in CBRE Group by 2.1% during the third quarter. Fidelis Capital Partners LLC now owns 3,994 shares of the financial services provider’s stock valued at $492,000 after buying an additional 82 shares in the last quarter. Private Advisor Group LLC grew its stake in CBRE Group by 1.2% during the third quarter. Private Advisor Group LLC now owns 7,688 shares of the financial services provider’s stock worth $957,000 after buying an additional 90 shares during the period. Finally, Community Bank & Trust Waco Texas increased its position in shares of CBRE Group by 0.6% in the third quarter. Community Bank & Trust Waco Texas now owns 15,280 shares of the financial services provider’s stock worth $1,902,000 after acquiring an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insider Buying and Selling

In related news, CEO Daniel G. Queenan sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $114.67, for a total value of $1,146,700.00. Following the sale, the chief executive officer now directly owns 217,094 shares of the company’s stock, valued at approximately $24,894,168.98. This trade represents a 4.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is owned by company insiders.

About CBRE Group

CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; 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.