Cushman & Wakefield (NYSE:CWK) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Cushman & Wakefield (NYSE:CWK) released its quarterly earnings results on Thursday. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03, Zacks reports. Cushman & Wakefield had a net margin of 0.94% and a return on equity of 12.10%.

Cushman & Wakefield Stock Performance

Shares of NYSE:CWK traded down $0.46 during mid-day trading on Thursday, reaching $12.57. 178,692 shares of the company traded hands, compared to its average volume of 1,448,765. The company’s 50 day moving average price is $13.25 and its 200-day moving average price is $13.42. The firm has a market cap of $2.88 billion, a PE ratio of 34.08 and a beta of 1.34. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.18 and a quick ratio of 1.18. Cushman & Wakefield has a 52 week low of $9.24 and a 52 week high of $16.11.

Wall Street Analysts Forecast Growth

CWK has been the subject of several research reports. The Goldman Sachs Group initiated coverage on shares of Cushman & Wakefield in a research report on Friday, December 6th. They set a “sell” rating and a $15.00 price target for the company. JPMorgan Chase & Co. upped their price target on shares of Cushman & Wakefield from $14.00 to $17.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Finally, Jefferies Financial Group lowered shares of Cushman & Wakefield from a “buy” rating to a “hold” rating and reduced their price target for the company from $18.00 to $14.00 in a research report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $15.50.

About Cushman & Wakefield

Cushman & Wakefield Plc engages in the provision of commercial real estate services. It operates through the following geographical segments: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). The Americas segment consists of operations located in the United States, Canada and key markets in Latin America.