Cushman & Wakefield (NYSE:CWK) Posts Earnings Results, Beats Expectations By $0.02 EPS

Cushman & Wakefield (NYSE:CWK) issued its quarterly earnings data on Monday. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02, Briefing.com reports. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Cushman & Wakefield had a return on equity of 12.08% and a net margin of 0.22%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 EPS.

Cushman & Wakefield Price Performance

CWK stock traded up $1.83 during mid-day trading on Tuesday, reaching $14.97. 4,517,816 shares of the company’s stock were exchanged, compared to its average volume of 2,207,410. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 189.38 and a beta of 1.30. The stock’s 50 day moving average is $13.09 and its 200 day moving average is $11.89. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.21 and a quick ratio of 1.21. Cushman & Wakefield has a 12-month low of $7.28 and a 12-month high of $15.98.

Analyst Upgrades and Downgrades

CWK has been the subject of a number of analyst reports. Raymond James upped their price objective on Cushman & Wakefield from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. increased their price target on Cushman & Wakefield from $12.00 to $14.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Cushman & Wakefield currently has a consensus rating of “Hold” and an average target price of $12.80.

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.