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

Cushman & Wakefield (NYSE:CWK) issued its quarterly earnings results on Monday. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02, Briefing.com reports. The firm had revenue of $2.34 billion for 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 revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 EPS.

Cushman & Wakefield Stock Performance

Shares of CWK opened at $14.63 on Thursday. The company has a market capitalization of $3.35 billion, a PE ratio of 39.54 and a beta of 1.30. Cushman & Wakefield has a 52-week low of $7.28 and a 52-week high of $16.11. The company has a 50-day simple moving average of $13.16 and a 200-day simple moving average of $11.95. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.83.

Analyst Ratings Changes

Several research analysts have weighed in on CWK shares. JPMorgan Chase & Co. lifted their target price on Cushman & Wakefield from $12.00 to $14.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Raymond James lifted their price objective on shares of Cushman & Wakefield from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $12.80.

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.