Cushman & Wakefield (NYSE:CWK) Issues Earnings Results, Beats Estimates By $0.02 EPS

Cushman & Wakefield (NYSE:CWK) posted its quarterly earnings results on Monday. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02, Briefing.com reports. Cushman & Wakefield had a return on equity of 12.08% and a net margin of 0.22%. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the previous year, the firm earned $0.21 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year.

Cushman & Wakefield Trading Up 17.1 %

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

Analyst Upgrades and Downgrades

CWK has been the topic of a number of research analyst reports. Raymond James boosted their price target on Cushman & Wakefield from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. lifted their price objective on Cushman & Wakefield from $12.00 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cushman & Wakefield currently has an average rating of “Hold” and an average target price of $12.80.

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.