Q4 EPS Estimate for Cushman & Wakefield Decreased by Analyst

Cushman & Wakefield plc (NYSE:CWK - Free Report) - Equities researchers at William Blair dropped their Q4 2024 earnings per share estimates for Cushman & Wakefield in a report released on Tuesday, November 5th. William Blair analyst S. Sheldon now forecasts that the company will post earnings per share of $0.51 for the quarter, down from their prior estimate of $0.58. The consensus estimate for Cushman & Wakefield's current full-year earnings is $0.87 per share.

Several other research firms have also recently issued reports on CWK. Raymond James lifted their price objective on shares of Cushman & Wakefield from $14.00 to $16.00 and gave the stock an "outperform" rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. upped their price objective on Cushman & Wakefield from $12.00 to $14.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $12.80.

Cushman & Wakefield Stock Up 1.8 %

NYSE CWK traded up $0.26 on Thursday, hitting $14.89. 1,911,606 shares of the stock were exchanged, compared to its average volume of 2,228,065. Cushman & Wakefield has a fifty-two week low of $7.28 and a fifty-two week high of $16.11. The company has a 50-day moving average price of $13.20 and a 200-day moving average price of $11.97. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.83. The company has a market cap of $3.41 billion, a PE ratio of 40.24 and a beta of 1.30.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. Cushman & Wakefield had a return on equity of 12.20% and a net margin of 0.94%. The business had revenue of $2.34 billion during the quarter, compared to analysts' expectations of $1.61 billion. During the same quarter last year, the business posted $0.21 EPS. The business's quarterly revenue was up 2.5% compared to the same quarter last year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC increased its stake in Cushman & Wakefield by 11.7% in the 3rd quarter. Empowered Funds LLC now owns 11,230 shares of the company's stock valued at $153,000 after buying an additional 1,180 shares during the period. SummerHaven Investment Management LLC increased its stake in shares of Cushman & Wakefield by 1.8% during the second quarter. SummerHaven Investment Management LLC now owns 79,929 shares of the company's stock worth $831,000 after acquiring an additional 1,395 shares during the period. CIBC Asset Management Inc raised its holdings in Cushman & Wakefield by 10.5% during the third quarter. CIBC Asset Management Inc now owns 15,013 shares of the company's stock worth $205,000 after purchasing an additional 1,421 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Cushman & Wakefield by 6.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 24,500 shares of the company's stock valued at $334,000 after buying an additional 1,500 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Cushman & Wakefield by 45.8% in the third quarter. GAMMA Investing LLC now owns 5,186 shares of the company's stock valued at $71,000 after acquiring an additional 1,629 shares during the period. 95.56% of the stock is currently owned by hedge funds and other institutional investors.

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.