FY2024 EPS Estimates for CBRE Group, Inc. (NYSE:CBRE) Increased by Analyst

CBRE Group, Inc. (NYSE:CBRE) – Investment analysts at Zacks Research increased their FY2024 earnings per share estimates for CBRE Group in a research report issued to clients and investors on Tuesday, April 23rd. Zacks Research analyst R. Department now forecasts that the financial services provider will earn $4.42 per share for the year, up from their prior forecast of $4.39. The consensus estimate for CBRE Group’s current full-year earnings is $4.44 per share. Zacks Research also issued estimates for CBRE Group’s Q4 2024 earnings at $1.75 EPS, Q2 2025 earnings at $1.52 EPS, Q4 2025 earnings at $1.80 EPS and FY2025 earnings at $5.72 EPS.

Other equities research analysts also recently issued reports about the company. Jefferies Financial Group initiated coverage on CBRE Group in a report on Wednesday, April 10th. They issued a “hold” rating and a $107.00 price target on the stock. Evercore ISI increased their price target on CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a report on Tuesday, April 2nd. StockNews.com raised CBRE Group from a “hold” rating to a “buy” rating in a research note on Tuesday. TheStreet raised CBRE Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 25th. Finally, Raymond James increased their price objective on CBRE Group from $95.00 to $103.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 25th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $99.50.

CBRE Group Trading Down 0.4 %

Shares of NYSE CBRE opened at $86.76 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.17 and a current ratio of 1.17. The business’s 50 day moving average price is $92.39 and its 200-day moving average price is $85.19. CBRE Group has a fifty-two week low of $64.63 and a fifty-two week high of $98.65. The company has a market cap of $26.63 billion, a price-to-earnings ratio of 27.37 and a beta of 1.42.

CBRE Group (NYSE:CBRE) last issued its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.17. CBRE Group had a return on equity of 13.69% and a net margin of 3.09%. The firm had revenue of $8.95 billion for the quarter, compared to the consensus estimate of $8.44 billion. During the same period in the prior year, the business posted $1.33 earnings per share. The company’s revenue for the quarter was up 9.2% on a year-over-year basis.

Insider Buying and Selling at CBRE Group

In other CBRE Group news, CEO Chandra Dhandapani sold 11,925 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the sale, the chief executive officer now owns 127,064 shares of the company’s stock, valued at approximately $11,947,827.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other CBRE Group news, CEO Chandra Dhandapani sold 11,925 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the sale, the chief executive officer now owns 127,064 shares of the company’s stock, valued at approximately $11,947,827.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John E. Durburg sold 25,000 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $92.20, for a total value of $2,305,000.00. Following the sale, the chief executive officer now directly owns 207,856 shares in the company, valued at approximately $19,164,323.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,592 shares of company stock valued at $3,675,752. 0.54% of the stock is currently owned by corporate insiders.

Institutional Trading of CBRE Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of CBRE Group during the 4th quarter valued at $45,000. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of CBRE Group by 190.6% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 497 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 326 shares during the last quarter. Bruce G. Allen Investments LLC purchased a new stake in shares of CBRE Group during the 4th quarter valued at $48,000. Planned Solutions Inc. purchased a new position in CBRE Group in the 4th quarter worth $52,000. Finally, Headinvest LLC purchased a new position in CBRE Group in the 3rd quarter worth $44,000. Hedge funds and other institutional investors own 98.41% of the company’s stock.

CBRE Group Company Profile

CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.