CBRE Group (CBRE) Scheduled to Post Quarterly Earnings on Thursday

CBRE Group (NYSE:CBRE) will be announcing its earnings results before the market opens on Thursday, November 1st. Analysts expect the company to announce earnings of $0.75 per share for the quarter.

CBRE Group (NYSE:CBRE) last announced its quarterly earnings data on Thursday, August 2nd. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. CBRE Group had a return on equity of 23.53% and a net margin of 4.21%. The company had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $4.72 billion. The business’s quarterly revenue was up 15.1% on a year-over-year basis. On average, analysts expect CBRE Group to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of CBRE Group stock opened at $39.36 on Tuesday. CBRE Group has a 12-month low of $38.05 and a 12-month high of $50.43. The company has a market cap of $13.17 billion, a PE ratio of 14.52, a P/E/G ratio of 0.94 and a beta of 1.78. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.39.

In other news, CEO William F. Concannon sold 28,878 shares of the company’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $47.47, for a total transaction of $1,370,838.66. Following the sale, the chief executive officer now owns 204,631 shares in the company, valued at approximately $9,713,833.57. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.88% of the company’s stock.

A number of brokerages have recently issued reports on CBRE. Zacks Investment Research cut CBRE Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 18th. Barclays upped their price objective on CBRE Group from $58.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, August 30th. Finally, ValuEngine cut CBRE Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $52.19.

About CBRE Group

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services segments. The company offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; 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.

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Earnings History for CBRE Group (NYSE:CBRE)

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