Equities analysts forecast that CBRE Group Inc (NYSE:CBG) will report earnings per share of $0.50 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for CBRE Group’s earnings. The highest EPS estimate is $0.56 and the lowest is $0.46. CBRE Group reported earnings per share of $0.43 during the same quarter last year, which would suggest a positive year over year growth rate of 16.3%. The company is expected to issue its next quarterly earnings report on Thursday, April 26th.
According to Zacks, analysts expect that CBRE Group will report full year earnings of $3.06 per share for the current fiscal year, with EPS estimates ranging from $3.04 to $3.10. For the next year, analysts expect that the firm will report earnings of $3.30 per share, with EPS estimates ranging from $3.18 to $3.40. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow CBRE Group.
CBRE Group (NYSE:CBG) last announced its earnings results on Thursday, February 8th. The financial services provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.93 by $0.06. CBRE Group had a net margin of 4.87% and a return on equity of 25.03%. The company had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same period last year, the company posted $0.93 earnings per share. The business’s revenue for the quarter was up 13.4% on a year-over-year basis.
Several research analysts have commented on CBG shares. Zacks Investment Research upgraded shares of CBRE Group from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Friday, February 9th. Barclays reiterated a “buy” rating and issued a $47.00 target price on shares of CBRE Group in a report on Wednesday, December 27th. ValuEngine upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Evercore ISI started coverage on shares of CBRE Group in a report on Monday, January 22nd. They issued an “in-line” rating and a $48.00 target price for the company. Finally, JMP Securities cut shares of CBRE Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 24th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $47.28.
Shares of CBRE Group (CBG) traded up $0.16 on Thursday, hitting $47.41. 774,213 shares of the company’s stock traded hands, compared to its average volume of 2,258,046. CBRE Group has a one year low of $32.30 and a one year high of $48.27. The firm has a market capitalization of $16,167.38, a PE ratio of 23.36, a price-to-earnings-growth ratio of 1.20 and a beta of 1.72. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.18 and a current ratio of 1.18.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 22nd. Stockholders of record on Monday, April 23rd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.11%.
In other news, insider William F. Concannon sold 29,483 shares of the stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $47.68, for a total value of $1,405,749.44. Following the completion of the sale, the insider now directly owns 261,226 shares of the company’s stock, valued at $12,455,255.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert E. Sulentic sold 40,000 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $42.56, for a total transaction of $1,702,400.00. Following the completion of the sale, the insider now directly owns 597,971 shares of the company’s stock, valued at $25,449,645.76. The disclosure for this sale can be found here. Insiders sold 5,228,290 shares of company stock valued at $239,282,352 over the last three months. 1.00% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of CBG. Invictus RG purchased a new stake in shares of CBRE Group in the third quarter worth approximately $104,000. Fieldpoint Private Securities LLC purchased a new stake in shares of CBRE Group in the third quarter worth approximately $104,000. Cerebellum GP LLC bought a new position in CBRE Group during the fourth quarter valued at approximately $127,000. Tower Research Capital LLC TRC raised its position in CBRE Group by 818.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,059 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 2,726 shares in the last quarter. Finally, Zions Bancorporation raised its position in CBRE Group by 5,136.8% during the third quarter. Zions Bancorporation now owns 3,561 shares of the financial services provider’s stock valued at $135,000 after acquiring an additional 3,493 shares in the last quarter. 94.31% of the stock is owned by institutional investors and hedge funds.
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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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