Cushman & Wakefield (NYSE:CWK) Announces Quarterly Earnings Results

Cushman & Wakefield (NYSE:CWK) announced its earnings results on Monday. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02, Briefing.com reports. The business 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 business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the firm posted $0.21 earnings per share.

Cushman & Wakefield Stock Performance

Shares of CWK stock traded up $2.25 during trading hours on Tuesday, reaching $15.39. 3,718,262 shares of the company traded hands, compared to its average volume of 2,203,674. Cushman & Wakefield has a 12-month low of $7.28 and a 12-month high of $15.98. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market cap of $3.53 billion, a P/E ratio of 189.38 and a beta of 1.30. The firm has a 50-day moving average price of $13.09 and a 200 day moving average price of $11.89.

Analyst Ratings Changes

Several brokerages have issued reports on CWK. JPMorgan Chase & Co. raised 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, July 30th. Raymond James lifted their price objective on Cushman & Wakefield from $14.00 to $16.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently 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.