Cushman & Wakefield (NYSE:CWK) Releases Earnings Results, Beats Expectations By $0.03 EPS

Cushman & Wakefield (NYSE:CWK) announced its quarterly earnings results on Thursday. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03, Zacks reports. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%.

Cushman & Wakefield Stock Performance

Shares of NYSE CWK traded down $0.34 during midday trading on Thursday, reaching $12.69. 90,599 shares of the company traded hands, compared to its average volume of 1,448,765. The stock has a 50-day moving average price of $13.25 and a 200 day moving average price of $13.42. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 33.95 and a beta of 1.34. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.18 and a quick ratio of 1.18. Cushman & Wakefield has a 52 week low of $9.24 and a 52 week high of $16.11.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CWK shares. JPMorgan Chase & Co. raised their price target on Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. The Goldman Sachs Group began coverage on Cushman & Wakefield in a research report on Friday, December 6th. They issued a “sell” rating and a $15.00 target price on the stock. Finally, Jefferies Financial Group lowered Cushman & Wakefield from a “buy” rating to a “hold” rating and decreased their target price for the stock from $18.00 to $14.00 in a research report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $15.50.

Cushman & Wakefield Company Profile

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.