CBRE Group (CBRE) Expected to Post Earnings of $0.50 Per Share

Equities analysts predict that CBRE Group (NYSE:CBRE) will report $0.50 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for CBRE Group’s earnings, with the highest EPS estimate coming in at $0.56 and the lowest estimate coming in at $0.46. CBRE Group posted earnings per share of $0.43 during the same quarter last year, which would suggest a positive year-over-year growth rate of 16.3%. The company is expected to announce its next quarterly earnings report on Thursday, April 26th.

According to Zacks, analysts expect that CBRE Group will report full-year earnings of $3.06 per share for the current year, with EPS estimates ranging from $3.04 to $3.10. For the next year, analysts anticipate that the firm will report earnings of $3.30 per share, with EPS estimates ranging from $3.18 to $3.40. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover CBRE Group.

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CBRE Group (NYSE:CBRE) last released its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. The company had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $4.12 billion. CBRE Group had a return on equity of 25.03% and a net margin of 4.87%. CBRE Group’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.93 EPS.

CBRE has been the subject of a number of analyst reports. Zacks Investment Research raised CBRE Group from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Friday, February 9th. Barclays reaffirmed a “buy” rating and issued a $47.00 price target on shares of CBRE Group in a report on Wednesday, December 27th. ValuEngine raised CBRE Group from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Goldman Sachs initiated coverage on CBRE Group in a report on Tuesday. They issued a “buy” rating and a $54.00 price target for the company. Finally, Evercore ISI initiated coverage on CBRE Group in a report on Monday, January 22nd. They issued an “in-line” rating and a $48.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $48.35.

In other CBRE Group news, insider Robert E. Sulentic sold 40,000 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $42.56, for a total transaction of $1,702,400.00. Following the completion of the transaction, the insider now owns 597,971 shares of the company’s stock, valued at $25,449,645.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William F. Concannon sold 29,483 shares of the stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $47.68, for a total value of $1,405,749.44. Following the transaction, the insider now directly owns 261,226 shares of the company’s stock, valued at approximately $12,455,255.68. The disclosure for this sale can be found here. Insiders have sold 5,228,290 shares of company stock valued at $239,282,352 in the last three months. Insiders own 1.00% of the company’s stock.

NYSE CBRE traded down $0.29 during trading hours on Friday, reaching $47.50. The company’s stock had a trading volume of 48,575 shares, compared to its average volume of 2,211,652. The stock has a market capitalization of $16,041.76, a price-to-earnings ratio of 17.63, a PEG ratio of 1.19 and a beta of 1.68. CBRE Group has a 1-year low of $32.46 and a 1-year high of $48.39. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.49.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 22nd. Shareholders of record on Monday, April 23rd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.11%.

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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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