FY2024 EPS Estimates for Cushman & Wakefield plc Raised by Analyst (NYSE:CWK)

Cushman & Wakefield plc (NYSE:CWK) – Analysts at William Blair raised their FY2024 earnings per share (EPS) estimates for Cushman & Wakefield in a research report issued to clients and investors on Tuesday, July 30th. William Blair analyst S. Sheldon now forecasts that the company will post earnings per share of $0.96 for the year, up from their previous forecast of $0.94. The consensus estimate for Cushman & Wakefield’s current full-year earnings is $0.95 per share. William Blair also issued estimates for Cushman & Wakefield’s Q4 2024 earnings at $0.54 EPS.

Cushman & Wakefield (NYSE:CWK) last released its quarterly earnings data on Monday, July 29th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. Cushman & Wakefield had a return on equity of 12.08% and a net margin of 0.22%. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same period last year, the company posted $0.22 earnings per share. The firm’s revenue was down 4.9% compared to the same quarter last year.

Other analysts have also issued reports about the company. Jefferies Financial Group started coverage on Cushman & Wakefield in a research report on Wednesday, April 10th. They set a “buy” rating and a $13.00 target price on the stock. Wolfe Research reaffirmed a “peer perform” rating on shares of Cushman & Wakefield in a research report on Tuesday, April 9th. JPMorgan Chase & Co. lifted their target price on Cushman & Wakefield from $12.00 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Raymond James lifted their target price on Cushman & Wakefield from $14.00 to $16.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $12.42.

Cushman & Wakefield Stock Down 2.4 %

Shares of NYSE CWK opened at $12.40 on Thursday. Cushman & Wakefield has a 1 year low of $6.24 and a 1 year high of $13.78. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 310.00 and a beta of 1.33. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.13 and a current ratio of 1.21. The stock’s 50-day simple moving average is $11.27 and its 200-day simple moving average is $10.56.

Hedge Funds Weigh In On Cushman & Wakefield

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Cushman & Wakefield by 4.0% in the first quarter. Vanguard Group Inc. now owns 28,788,309 shares of the company’s stock valued at $301,126,000 after acquiring an additional 1,110,076 shares during the period. Dimensional Fund Advisors LP boosted its stake in Cushman & Wakefield by 13.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,073,848 shares of the company’s stock valued at $76,400,000 after acquiring an additional 825,570 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in Cushman & Wakefield by 12.7% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 6,208,780 shares of the company’s stock valued at $64,571,000 after acquiring an additional 697,890 shares during the period. Janus Henderson Group PLC boosted its stake in Cushman & Wakefield by 18.8% in the first quarter. Janus Henderson Group PLC now owns 4,400,751 shares of the company’s stock valued at $46,032,000 after acquiring an additional 695,005 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Cushman & Wakefield by 19.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,911,069 shares of the company’s stock valued at $31,440,000 after acquiring an additional 482,235 shares during the period. 95.56% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Tpg Gp A, Llc sold 17,098,001 shares of Cushman & Wakefield stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $11.00, for a total value of $188,078,011.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.01% of the company’s stock.

About Cushman & Wakefield

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.