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

Cushman & Wakefield (NYSE:CWK) is scheduled to be posting its quarterly earnings results after the market closes on Monday, April 29th. Analysts expect Cushman & Wakefield to post earnings of ($0.02) per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.06. The company had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Cushman & Wakefield had a negative net margin of 0.37% and a positive return on equity of 11.87%. Cushman & Wakefield’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 earnings per share. On average, analysts expect Cushman & Wakefield to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Cushman & Wakefield Stock Down 0.7 %

Shares of CWK opened at $9.33 on Monday. The firm has a market cap of $2.12 billion, a P/E ratio of -54.88 and a beta of 1.34. The stock has a 50 day simple moving average of $10.10 and a two-hundred day simple moving average of $9.37. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.17 and a quick ratio of 1.17. Cushman & Wakefield has a 1 year low of $6.24 and a 1 year high of $11.76.

Insiders Place Their Bets

In other Cushman & Wakefield news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $9.74, for a total value of $75,338,451.96. Following the completion of the transaction, the insider now owns 17,098,001 shares of the company’s stock, valued at approximately $166,534,529.74. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Cushman & Wakefield news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $9.74, for a total transaction of $75,338,451.96. Following the completion of the sale, the insider now directly owns 17,098,001 shares in the company, valued at approximately $166,534,529.74. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nathaniel Robinson sold 40,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $9.99, for a total value of $399,600.00. Following the sale, the insider now owns 40,427 shares of the company’s stock, valued at $403,865.73. The disclosure for this sale can be found here. 1.01% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Cushman & Wakefield by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 27,678,233 shares of the company’s stock worth $298,925,000 after purchasing an additional 1,098,245 shares during the period. BlackRock Inc. boosted its stake in Cushman & Wakefield by 0.4% in the 1st quarter. BlackRock Inc. now owns 21,967,964 shares of the company’s stock worth $231,542,000 after purchasing an additional 77,255 shares during the period. Thrivent Financial for Lutherans boosted its stake in Cushman & Wakefield by 258.8% in the 1st quarter. Thrivent Financial for Lutherans now owns 7,049,508 shares of the company’s stock worth $74,302,000 after purchasing an additional 5,084,634 shares during the period. State Street Corp boosted its stake in Cushman & Wakefield by 3.2% in the 2nd quarter. State Street Corp now owns 6,125,105 shares of the company’s stock worth $50,103,000 after purchasing an additional 192,429 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Cushman & Wakefield by 47.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,515,078 shares of the company’s stock worth $58,126,000 after purchasing an additional 1,776,929 shares during the period. 95.56% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CWK has been the subject of a number of analyst reports. Wolfe Research reissued a “peer perform” rating on shares of Cushman & Wakefield in a research note on Tuesday, April 9th. Raymond James lowered Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 price objective for the company. in a research note on Wednesday, April 3rd. Finally, Jefferies Financial Group initiated coverage on Cushman & Wakefield in a research note on Wednesday, April 10th. They set a “buy” rating and a $13.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cushman & Wakefield presently has a consensus rating of “Hold” and a consensus target price of $11.08.

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.