CBRE Group, Inc. to Post Q3 2024 Earnings of $1.07 Per Share, Zacks Research Forecasts (NYSE:CBRE)

CBRE Group, Inc. (NYSE:CBRE) – Stock analysts at Zacks Research lifted their Q3 2024 earnings per share (EPS) estimates for CBRE Group in a report issued on Tuesday, April 23rd. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings of $1.07 per share for the quarter, up from their prior estimate of $1.06. 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 Q3 2025 earnings at $1.09 EPS, Q1 2026 earnings at $1.57 EPS and FY2026 earnings at $7.14 EPS.

CBRE Group (NYSE:CBRE) last posted its earnings results on Thursday, February 15th. The financial services provider reported $1.38 EPS for the quarter, beating 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 analysts’ expectations of $8.44 billion. During the same period last year, the firm earned $1.33 EPS. The firm’s revenue was up 9.2% compared to the same quarter last year.

CBRE has been the topic of several other research reports. Keefe, Bruyette & Woods raised their target price on shares of CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. TheStreet upgraded shares of CBRE Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 25th. StockNews.com upgraded CBRE Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Evercore ISI lifted their price target on CBRE Group from $103.00 to $104.00 and gave the company an “in-line” rating in a research report on Tuesday, April 2nd. Finally, 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 objective for the company. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, CBRE Group presently has an average rating of “Moderate Buy” and an average price target of $99.50.

CBRE Group Price Performance

Shares of CBRE opened at $87.11 on Wednesday. The firm has a market capitalization of $26.74 billion, a price-to-earnings ratio of 27.48 and a beta of 1.42. The stock’s fifty day moving average is $92.40 and its 200-day moving average is $85.18. CBRE Group has a one year low of $64.63 and a one year high of $98.65. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.17 and a current ratio of 1.17.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of CBRE Group during the 4th quarter valued at $45,000. Cary Street Partners Investment Advisory LLC boosted its position in CBRE Group by 190.6% during the third 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 acquired a new stake in CBRE Group during the fourth quarter valued at $48,000. Planned Solutions Inc. acquired a new position in CBRE Group in the 4th quarter worth about $52,000. Finally, Headinvest LLC purchased a new stake in shares of CBRE Group during the 3rd quarter worth about $44,000. 98.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CBRE Group

In other news, CFO Emma E. Giamartino sold 2,667 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $93.53, for a total transaction of $249,444.51. Following the completion of the sale, the chief financial officer now directly owns 72,350 shares of the company’s stock, valued at $6,766,895.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other CBRE Group news, CEO Chandra Dhandapani sold 11,925 shares of CBRE Group stock in a transaction dated 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 transaction, the chief executive officer now owns 127,064 shares of the company’s stock, valued at approximately $11,947,827.92. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Emma E. Giamartino sold 2,667 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $93.53, for a total transaction of $249,444.51. Following the completion of the sale, the chief financial officer now directly owns 72,350 shares of the company’s stock, valued at $6,766,895.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,592 shares of company stock valued at $3,675,752. Corporate insiders own 0.54% of the company’s stock.

About CBRE Group

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.