Research Analysts Issue Forecasts for CBRE Group, Inc.’s Q3 2024 Earnings (NYSE:CBRE)

CBRE Group, Inc. (NYSE:CBRE) – Analysts at Zacks Research lifted their Q3 2024 EPS estimates for CBRE Group in a note issued to investors on Tuesday, April 23rd. Zacks Research analyst R. Department now anticipates that the financial services provider will earn $1.07 per share for the quarter, up from their prior estimate of $1.06. The consensus estimate for CBRE Group’s current full-year earnings is $4.44 per share. Zacks Research also issued estimates for CBRE Group’s Q3 2025 earnings at $1.09 EPS, Q1 2026 earnings at $1.57 EPS and FY2026 earnings at $7.14 EPS.

CBRE Group (NYSE:CBRE) last posted its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.17. The business had revenue of $8.95 billion during the quarter, compared to analysts’ expectations of $8.44 billion. CBRE Group had a net margin of 3.09% and a return on equity of 13.69%. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.33 EPS.

A number of other equities analysts have also recently weighed in on CBRE. TheStreet upgraded CBRE Group from a “c+” rating to a “b-” rating in a report on Thursday, January 25th. StockNews.com upgraded shares of CBRE Group from a “hold” rating to a “buy” rating in a report on Tuesday. Jefferies Financial Group assumed coverage on CBRE Group in a research note on Wednesday, April 10th. They set a “hold” rating and a $107.00 price target on the stock. Evercore ISI raised their price target on CBRE Group from $103.00 to $104.00 and gave the stock an “in-line” rating in a research report on Tuesday, April 2nd. Finally, Keefe, Bruyette & Woods boosted their price objective on CBRE Group from $96.00 to $100.00 and gave the company a “market perform” rating in a report on Friday, February 16th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.50.

CBRE Group Trading Up 1.2 %

Shares of CBRE Group stock opened at $87.11 on Wednesday. The stock has a 50 day moving average of $92.40 and a 200 day moving average of $85.18. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $26.74 billion, a price-to-earnings ratio of 27.48 and a beta of 1.42. CBRE Group has a fifty-two week low of $64.63 and a fifty-two week high of $98.65.

Hedge Funds Weigh In On CBRE Group

A number of large investors have recently bought and sold shares of CBRE. Humankind Investments LLC raised its holdings in CBRE Group by 5.3% during the fourth quarter. Humankind Investments LLC now owns 2,900 shares of the financial services provider’s stock worth $270,000 after purchasing an additional 146 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of CBRE Group by 0.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 42,490 shares of the financial services provider’s stock worth $3,955,000 after buying an additional 149 shares in the last quarter. Schechter Investment Advisors LLC lifted its holdings in shares of CBRE Group by 6.4% in the 3rd quarter. Schechter Investment Advisors LLC now owns 2,787 shares of the financial services provider’s stock valued at $206,000 after buying an additional 168 shares during the period. Greenfield Savings Bank grew its holdings in CBRE Group by 4.2% during the fourth quarter. Greenfield Savings Bank now owns 4,544 shares of the financial services provider’s stock worth $423,000 after acquiring an additional 184 shares during the period. Finally, HB Wealth Management LLC raised its position in CBRE Group by 3.7% in the third quarter. HB Wealth Management LLC now owns 5,314 shares of the financial services provider’s stock worth $392,000 after acquiring an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 98.41% of the company’s stock.

Insider Activity at CBRE Group

In related news, CEO Chandra Dhandapani sold 11,925 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $94.03, for a total value of $1,121,307.75. Following the transaction, the chief executive officer now owns 127,064 shares of the company’s stock, valued at $11,947,827.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Chandra Dhandapani sold 11,925 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $94.03, for a total transaction of $1,121,307.75. Following the transaction, the chief executive officer now owns 127,064 shares in the company, valued at approximately $11,947,827.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Emma E. Giamartino sold 2,667 shares of CBRE Group stock in a transaction on Monday, March 11th. The shares were sold at an average price of $93.53, for a total transaction of $249,444.51. Following the completion of the transaction, the chief financial officer now owns 72,350 shares in the company, valued at $6,766,895.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,592 shares of company stock worth $3,675,752. Company insiders own 0.54% of the company’s stock.

CBRE Group Company Profile

CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; 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.