CBRE Group (CBRE) to Release Earnings on Thursday

Thursday, July 22, 2021 | MarketBeat

CBRE Group (NYSE:CBRE) will post its quarterly earnings results before the market opens on Thursday, July 29th. Analysts expect CBRE Group to post earnings of $0.72 per share for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

CBRE Group (NYSE:CBRE) last announced its earnings results on Thursday, April 29th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.70 by $0.16. CBRE Group had a net margin of 3.54% and a return on equity of 16.81%. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.75 billion. On average, analysts expect CBRE Group to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of NYSE:CBRE opened at $85.96 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market cap of $28.85 billion, a price-to-earnings ratio of 34.38, a PEG ratio of 1.81 and a beta of 1.49. The stock's 50 day simple moving average is $86.69. CBRE Group has a 12-month low of $41.03 and a 12-month high of $90.21.

CBRE has been the topic of several analyst reports. Wolfe Research initiated coverage on shares of CBRE Group in a research report on Monday, June 14th. They set an "outperform" rating and a $112.00 price target on the stock. Zacks Investment Research lowered shares of CBRE Group from a "buy" rating to a "hold" rating and set a $90.00 price target on the stock. in a research report on Thursday, May 13th. Finally, Raymond James increased their price target on shares of CBRE Group from $89.00 to $93.00 and gave the stock an "outperform" rating in a research report on Monday, May 3rd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of "Buy" and a consensus target price of $81.33.

In related news, insider Chandra Dhandapani sold 11,000 shares of the stock in a transaction that occurred on Wednesday, May 5th. The shares were sold at an average price of $84.93, for a total value of $934,230.00. Following the completion of the transaction, the insider now owns 77,636 shares of the company's stock, valued at approximately $6,593,625.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.75% of the stock is owned by corporate insiders.

CBRE Group Company Profile

CBRE Group, Inc operates as a commercial real estate services and investment company worldwide. It operates through Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, accounting, and financial services 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.

Further Reading: How Buying a Call Option Works

Earnings History for CBRE Group (NYSE:CBRE)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in CBRE Group right now?

Before you consider CBRE Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CBRE Group wasn't on the list.

While CBRE Group currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here


MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.