William Blair Analysts Lower Earnings Estimates for Cushman & Wakefield plc (NYSE:CWK)

Cushman & Wakefield plc (NYSE:CWK) – Equities researchers at William Blair cut their FY2024 EPS estimates for shares of Cushman & Wakefield in a research note issued to investors on Tuesday, April 30th. William Blair analyst S. Sheldon now forecasts that the company will earn $0.94 per share for the year, down from their prior forecast of $1.04. The consensus estimate for Cushman & Wakefield’s current full-year earnings is $0.99 per share. William Blair also issued estimates for Cushman & Wakefield’s Q1 2025 earnings at $0.07 EPS, Q2 2025 earnings at $0.22 EPS, Q3 2025 earnings at $0.32 EPS and FY2025 earnings at $1.30 EPS.

Other research analysts have also recently issued reports about the stock. Jefferies Financial Group began coverage on shares of Cushman & Wakefield in a report on Wednesday, April 10th. They issued a “buy” rating and a $13.00 price objective for the company. Wolfe Research reiterated a “peer perform” rating on shares of Cushman & Wakefield in a report on Tuesday, April 9th. Finally, Raymond James cut shares of Cushman & Wakefield from a “strong-buy” rating to an “outperform” rating and set a $13.00 price objective for the company. in a report on Wednesday, April 3rd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $11.08.

Cushman & Wakefield Price Performance

NYSE CWK opened at $9.64 on Wednesday. Cushman & Wakefield has a 52 week low of $6.24 and a 52 week high of $11.76. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.85. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 241.00 and a beta of 1.34. The company has a 50-day moving average price of $9.90 and a two-hundred day moving average price of $9.50.

Cushman & Wakefield (NYSE:CWK) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.06. Cushman & Wakefield had a net margin of 0.13% and a return on equity of 12.41%. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter in the prior year, the firm earned $0.46 EPS. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year.

Insider Activity at Cushman & Wakefield

In related news, insider Nathaniel Robinson sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $9.99, for a total value of $399,600.00. Following the completion of the sale, the insider now owns 40,427 shares in the company, valued at approximately $403,865.73. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Cushman & Wakefield news, insider Nathaniel Robinson sold 40,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $9.99, for a total value of $399,600.00. Following the completion of the sale, the insider now owns 40,427 shares in the company, valued at approximately $403,865.73. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $9.74, for a total transaction of $75,338,451.96. Following the completion of the sale, the insider now owns 17,098,001 shares of the company’s stock, valued at approximately $166,534,529.74. The disclosure for this sale can be found here. 1.01% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CWK. Vaughan Nelson Investment Management L.P. grew its stake in Cushman & Wakefield by 580.8% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 5,510,890 shares of the company’s stock valued at $57,644,000 after buying an additional 4,701,460 shares during the last quarter. Norges Bank acquired a new position in Cushman & Wakefield in the 4th quarter valued at $18,742,000. Vanguard Group Inc. grew its stake in Cushman & Wakefield by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 27,678,233 shares of the company’s stock valued at $298,925,000 after buying an additional 1,098,245 shares during the last quarter. DigitalBridge Group Inc. acquired a new position in Cushman & Wakefield in the 3rd quarter valued at $7,473,000. Finally, FMR LLC grew its stake in Cushman & Wakefield by 3.9% in the 3rd quarter. FMR LLC now owns 22,232,050 shares of the company’s stock valued at $169,408,000 after buying an additional 834,176 shares during the last quarter. Institutional investors and hedge funds own 95.56% of the company’s stock.

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.