Q2 2024 EPS Estimates for Cushman & Wakefield plc Decreased by Analyst (NYSE:CWK)

Cushman & Wakefield plc (NYSE:CWK) – Analysts at William Blair reduced their Q2 2024 earnings estimates for Cushman & Wakefield in a research note issued to investors on Tuesday, April 30th. William Blair analyst S. Sheldon now forecasts that the company will post earnings of $0.08 per share for the quarter, down from their previous estimate of $0.26. The consensus estimate for Cushman & Wakefield’s current full-year earnings is $0.98 per share. William Blair also issued estimates for Cushman & Wakefield’s Q3 2024 earnings at $0.25 EPS, Q4 2024 earnings at $0.60 EPS and Q4 2025 earnings at $0.70 EPS.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.06. Cushman & Wakefield had a net margin of 0.13% and a return on equity of 12.41%. The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the previous year, the firm posted $0.46 earnings per share. The company’s revenue was down 3.6% on a year-over-year basis.

A number of other equities analysts also recently commented on the stock. Jefferies Financial Group started coverage on shares of Cushman & Wakefield in a research note on Wednesday, April 10th. They issued a “buy” rating and a $13.00 price objective for the company. Wolfe Research reissued a “peer perform” rating on shares of Cushman & Wakefield in a research note on Tuesday, April 9th. Finally, Raymond James lowered shares of Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 price target on the stock. in a report on Wednesday, April 3rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Cushman & Wakefield presently has an average rating of “Hold” and an average target price of $11.08.

Cushman & Wakefield Stock Performance

Shares of NYSE:CWK opened at $10.02 on Thursday. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 250.50 and a beta of 1.33. Cushman & Wakefield has a 52 week low of $6.24 and a 52 week high of $11.76. The company has a quick ratio of 1.17, a current ratio of 1.13 and a debt-to-equity ratio of 1.89. The firm has a 50 day moving average of $9.89 and a 200 day moving average of $9.52.

Insider Activity

In other Cushman & Wakefield news, insider Nathaniel Robinson sold 40,000 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $9.99, for a total value of $399,600.00. Following the sale, the insider now directly owns 40,427 shares of the company’s stock, valued at $403,865.73. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Cushman & Wakefield news, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $9.74, for a total value of $75,338,451.96. Following the completion of the transaction, the insider now owns 17,098,001 shares in the company, valued at $166,534,529.74. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Nathaniel Robinson sold 40,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $9.99, for a total transaction of $399,600.00. Following the completion of the transaction, the insider now owns 40,427 shares of the company’s stock, valued at approximately $403,865.73. The disclosure for this sale can be found here. Corporate insiders own 1.01% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CWK. GAMMA Investing LLC acquired a new position in shares of Cushman & Wakefield in the fourth quarter worth about $50,000. AXQ Capital LP acquired a new position in shares of Cushman & Wakefield in the third quarter worth about $79,000. Tower Research Capital LLC TRC raised its position in shares of Cushman & Wakefield by 352.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,311 shares of the company’s stock worth $79,000 after purchasing an additional 5,694 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Cushman & Wakefield by 30.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 11,598 shares of the company’s stock worth $88,000 after purchasing an additional 2,737 shares during the last quarter. Finally, Pale Fire Capital SE acquired a new position in shares of Cushman & Wakefield during the 4th quarter worth about $108,000. Institutional investors and hedge funds own 95.56% of the company’s stock.

Cushman & Wakefield Company Profile

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.