Cushman & Wakefield (NYSE:CWK) Releases Earnings Results, Beats Estimates By $0.03 EPS

Cushman & Wakefield (NYSE:CWK) announced its earnings results on Thursday. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03, Zacks reports. Cushman & Wakefield had a return on equity of 12.10% and a net margin of 0.94%.

Cushman & Wakefield Price Performance

CWK stock opened at $12.26 on Friday. Cushman & Wakefield has a 1 year low of $9.24 and a 1 year high of $16.11. The company has a market cap of $2.81 billion, a P/E ratio of 33.12 and a beta of 1.34. The firm has a 50-day moving average of $13.18 and a 200 day moving average of $13.41. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.18 and a quick ratio of 1.18.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. The Goldman Sachs Group assumed coverage on Cushman & Wakefield in a research note on Friday, December 6th. They issued a “sell” rating and a $15.00 price objective on the stock. Jefferies Financial Group cut shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and lowered their target price for the company from $18.00 to $14.00 in a report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $15.50.

About Cushman & Wakefield

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.