William Blair Has Pessimistic Outlook of CWK FY2024 Earnings

Cushman & Wakefield plc (NYSE:CWK) – Stock analysts at William Blair decreased their FY2024 earnings estimates for shares of Cushman & Wakefield in a research report issued to clients and investors on Tuesday, November 5th. William Blair analyst S. Sheldon now anticipates that the company will earn $0.94 per share for the year, down from their previous estimate of $0.96. The consensus estimate for Cushman & Wakefield’s current full-year earnings is $0.87 per share. William Blair also issued estimates for Cushman & Wakefield’s Q2 2025 earnings at $0.29 EPS, Q3 2025 earnings at $0.27 EPS, Q4 2025 earnings at $0.63 EPS, FY2025 earnings at $1.27 EPS and FY2026 earnings at $1.70 EPS.

A number of other analysts also recently weighed in on CWK. JPMorgan Chase & Co. increased their price target on shares of Cushman & Wakefield from $12.00 to $14.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Raymond James increased their price target on shares of Cushman & Wakefield from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.80.

Cushman & Wakefield Price Performance

Shares of Cushman & Wakefield stock opened at $14.63 on Wednesday. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.21 and a quick ratio of 1.21. Cushman & Wakefield has a fifty-two week low of $7.28 and a fifty-two week high of $16.11. The firm has a fifty day moving average price of $13.16 and a two-hundred day moving average price of $11.95. The company has a market cap of $3.35 billion, a PE ratio of 39.54 and a beta of 1.30.

Cushman & Wakefield (NYSE:CWK) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02. Cushman & Wakefield had a net margin of 0.22% and a return on equity of 12.08%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the firm earned $0.21 EPS. Cushman & Wakefield’s quarterly revenue was up 2.5% compared to the same quarter last year.

Hedge Funds Weigh In On Cushman & Wakefield

A number of hedge funds and other institutional investors have recently made changes to their positions in CWK. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Cushman & Wakefield by 83.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 11,380,120 shares of the company’s stock worth $155,110,000 after acquiring an additional 5,171,340 shares during the period. Victory Capital Management Inc. increased its position in shares of Cushman & Wakefield by 31.2% during the 2nd quarter. Victory Capital Management Inc. now owns 10,395,027 shares of the company’s stock worth $108,108,000 after purchasing an additional 2,469,831 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Cushman & Wakefield by 23.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 10,173,171 shares of the company’s stock worth $105,802,000 after purchasing an additional 1,910,212 shares in the last quarter. Granite Investment Partners LLC acquired a new stake in shares of Cushman & Wakefield during the 2nd quarter worth about $13,998,000. Finally, Marshall Wace LLP increased its position in shares of Cushman & Wakefield by 98.7% during the 2nd quarter. Marshall Wace LLP now owns 2,252,780 shares of the company’s stock worth $23,429,000 after purchasing an additional 1,119,141 shares in the last quarter. 95.56% of the stock is owned by institutional investors.

Cushman & Wakefield Company Profile

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.