CBRE Group (NYSE:CBRE) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided EPS guidance of $3.70-3.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.77.
NYSE:CBRE opened at $54.89 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.51. CBRE Group has a fifty-two week low of $37.45 and a fifty-two week high of $56.60. The stock has a market cap of $18.68 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 1.35 and a beta of 1.68. The firm’s fifty day simple moving average is $52.56 and its 200-day simple moving average is $51.43.
CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.01. CBRE Group had a net margin of 4.79% and a return on equity of 24.14%. The business had revenue of $5.93 billion for the quarter, compared to analysts’ expectations of $5.73 billion. During the same period in the prior year, the company posted $0.79 EPS. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. Equities analysts anticipate that CBRE Group will post 3.75 earnings per share for the current year.
In related news, insider Robert E. Sulentic sold 40,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $50.00, for a total value of $2,000,000.00. Following the sale, the insider now directly owns 829,011 shares of the company’s stock, valued at approximately $41,450,550. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider James R. Groch sold 75,000 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $54.10, for a total transaction of $4,057,500.00. Following the completion of the sale, the insider now directly owns 318,000 shares in the company, valued at $17,203,800. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,115,000 shares of company stock worth $167,637,500. 0.74% of the stock is owned by corporate insiders.
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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