CBRE Group, Inc. (NYSE:CBG) will be posting its quarterly earnings results before the market opens on Friday, November 3rd. Analysts expect CBRE Group to post earnings of $0.54 per share for the quarter.
CBRE Group (NYSE:CBG) last released its earnings results on Thursday, July 27th. The financial services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.12. CBRE Group had a return on equity of 26.40% and a net margin of 5.21%. The business had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter last year, the firm posted $0.52 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. On average, analysts expect CBRE Group to post $2.57 EPS for the current fiscal year and $2.68 EPS for the next fiscal year.
Shares of CBRE Group, Inc. (NYSE CBG) opened at 39.59 on Friday. CBRE Group, Inc. has a 1-year low of $25.40 and a 1-year high of $40.35. The stock has a market cap of $13.34 billion, a price-to-earnings ratio of 19.32 and a beta of 1.82. The firm has a 50-day moving average price of $38.15 and a 200-day moving average price of $36.33.
In other CBRE Group news, insider Calvin W. Frese, Jr. sold 25,000 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $40.04, for a total transaction of $1,001,000.00. Following the sale, the insider now owns 246,473 shares in the company, valued at approximately $9,868,778.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Gil Borok sold 25,627 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $37.33, for a total value of $956,655.91. Following the sale, the chief financial officer now owns 76,651 shares in the company, valued at approximately $2,861,381.83. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,732,094 shares of company stock worth $206,038,877. 1.00% of the stock is owned by corporate insiders.
Several equities analysts have recently commented on the company. Barclays PLC upped their price target on CBRE Group from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, August 15th. BidaskClub lowered CBRE Group from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Wedbush reaffirmed an “outperform” rating and issued a $38.00 price target on shares of CBRE Group in a research note on Wednesday, August 2nd. UBS Group AG assumed coverage on CBRE Group in a research note on Wednesday, July 26th. They issued a “neutral” rating and a $41.00 price target on the stock. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $36.00 price target on shares of CBRE Group in a research note on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $39.60.
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About CBRE Group
CBRE Group, Inc is a holding company that conducts all of its operations through its subsidiaries. The Company operates as a commercial real estate services and investment company. The Company operates through the segments: The Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; Global Investment Management, and Development Services.
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