Q4 EPS Estimate for Cushman & Wakefield Decreased by Analyst

Cushman & Wakefield plc (NYSE:CWK) – Analysts at William Blair lowered their Q4 2024 earnings estimates for Cushman & Wakefield in a research report issued to clients and investors on Tuesday, November 5th. William Blair analyst S. Sheldon now expects that the company will post earnings per share of $0.51 for the quarter, down from their prior forecast of $0.58. The consensus estimate for Cushman & Wakefield’s current full-year earnings is $0.87 per share.

Several other brokerages also recently commented on CWK. Raymond James boosted their target price on Cushman & Wakefield from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. upped their price objective on shares of 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $12.80.

Cushman & Wakefield Price Performance

Shares of CWK stock opened at $14.89 on Thursday. The business has a fifty day simple moving average of $13.20 and a 200 day simple moving average of $11.97. The company has a market cap of $3.41 billion, a P/E ratio of 40.24 and a beta of 1.30. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.83. Cushman & Wakefield has a twelve month low of $7.28 and a twelve month high of $16.11.

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

Hedge Funds Weigh In On Cushman & Wakefield

Large investors have recently bought and sold shares of the company. Swiss National Bank raised its holdings in Cushman & Wakefield by 14.6% in the 1st quarter. Swiss National Bank now owns 359,000 shares of the company’s stock valued at $3,755,000 after buying an additional 45,700 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Cushman & Wakefield by 52.8% during the first quarter. Sei Investments Co. now owns 658,629 shares of the company’s stock worth $6,889,000 after purchasing an additional 227,519 shares during the period. Algert Global LLC lifted its holdings in shares of Cushman & Wakefield by 821.0% during the second quarter. Algert Global LLC now owns 698,944 shares of the company’s stock worth $7,269,000 after purchasing an additional 623,054 shares during the period. American Century Companies Inc. grew its stake in shares of Cushman & Wakefield by 15.5% in the second quarter. American Century Companies Inc. now owns 327,018 shares of the company’s stock worth $3,401,000 after purchasing an additional 43,941 shares during the last quarter. Finally, Natixis Advisors LLC increased its holdings in Cushman & Wakefield by 8.9% in the second quarter. Natixis Advisors LLC now owns 1,156,834 shares of the company’s stock valued at $12,031,000 after purchasing an additional 94,502 shares during the period. 95.56% of the stock is currently owned by 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.