CBRE Group (NYSE:CBRE – Get Free Report) posted its quarterly earnings results on Thursday. The financial services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.06 by $0.14, Briefing.com reports. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. The business had revenue of $9.04 billion during the quarter, compared to analysts’ expectations of $8.80 billion. During the same period last year, the company posted $0.72 earnings per share. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. CBRE Group updated its FY 2024 guidance to 4.950-5.050 EPS and its FY24 guidance to $4.95-5.05 EPS.
CBRE Group Price Performance
NYSE:CBRE traded down $0.96 during trading hours on Friday, reaching $132.54. The company had a trading volume of 2,186,354 shares, compared to its average volume of 1,648,766. The firm has a market capitalization of $40.67 billion, a PE ratio of 41.29 and a beta of 1.40. The stock has a 50-day moving average of $119.43 and a two-hundred day moving average of $101.99. CBRE Group has a one year low of $64.63 and a one year high of $136.06. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.36.
Insider Activity
In related news, CFO Emma E. Giamartino sold 3,311 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $108.89, for a total transaction of $360,534.79. Following the completion of the sale, the chief financial officer now owns 71,969 shares in the company, valued at $7,836,704.41. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, COO Vikramaditya Kohli sold 1,074 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $108.89, for a total value of $116,947.86. Following the completion of the sale, the chief operating officer now directly owns 69,226 shares in the company, valued at approximately $7,538,019.14. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Emma E. Giamartino sold 3,311 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $108.89, for a total transaction of $360,534.79. Following the transaction, the chief financial officer now owns 71,969 shares in the company, valued at approximately $7,836,704.41. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,232 shares of company stock worth $2,839,047. Corporate insiders own 0.54% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Stock Report on CBRE Group
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.
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