Q2 2024 Earnings Forecast for Cushman & Wakefield plc (NYSE:CWK) Issued By William Blair

Cushman & Wakefield plc (NYSE:CWK - Free Report) - Equities research analysts at William Blair dropped their Q2 2024 earnings per share estimates for Cushman & Wakefield in a research note issued on Tuesday, April 30th. William Blair analyst S. Sheldon now forecasts that the company will post earnings of $0.08 per share for the quarter, down from their prior forecast of $0.26. The consensus estimate for Cushman & Wakefield's current full-year earnings is $0.98 per share. William Blair also issued estimates for Cushman & Wakefield's Q3 2024 earnings at $0.25 EPS, Q4 2024 earnings at $0.60 EPS and Q4 2025 earnings at $0.70 EPS.

Cushman & Wakefield (NYSE:CWK - Get Free Report) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.39 by $0.06. Cushman & Wakefield had a return on equity of 12.41% and a net margin of 0.13%. The firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period in the previous year, the company posted $0.46 EPS. Cushman & Wakefield's revenue for the quarter was down 3.6% on a year-over-year basis.

CWK has been the topic of several other research reports. Jefferies Financial Group assumed coverage on shares of Cushman & Wakefield in a research note on Wednesday, April 10th. They set a "buy" rating and a $13.00 price target on the stock. Raymond James downgraded Cushman & Wakefield from a "strong-buy" rating to an "outperform" rating and set a $13.00 target price for the company. in a research note on Wednesday, April 3rd. Finally, Wolfe Research reiterated a "peer perform" rating on shares of Cushman & Wakefield in a research note on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $11.08.

Cushman & Wakefield Stock Up 3.1 %

Shares of NYSE CWK traded up $0.30 during trading on Thursday, reaching $9.91. 1,921,628 shares of the stock were exchanged, compared to its average volume of 2,071,910. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 247.75 and a beta of 1.33. The business's 50-day moving average price is $9.89 and its 200 day moving average price is $9.50. The company has a quick ratio of 1.17, a current ratio of 1.13 and a debt-to-equity ratio of 1.89. Cushman & Wakefield has a twelve month low of $6.24 and a twelve month high of $11.76.

Institutional Trading of Cushman & Wakefield

A number of institutional investors and hedge funds have recently modified their holdings of CWK. Vaughan Nelson Investment Management L.P. grew its position in shares of Cushman & Wakefield by 580.8% during 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 bought a new position in shares of Cushman & Wakefield during the fourth quarter valued at approximately $18,742,000. Vanguard Group Inc. grew its holdings in shares of Cushman & Wakefield by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 27,678,233 shares of the company's stock valued at $298,925,000 after purchasing an additional 1,098,245 shares during the last quarter. DigitalBridge Group Inc. acquired a new stake in shares of Cushman & Wakefield during the 3rd quarter worth approximately $7,473,000. Finally, FMR LLC lifted its holdings in shares of Cushman & Wakefield by 3.9% in the 3rd quarter. FMR LLC now owns 22,232,050 shares of the company's stock worth $169,408,000 after purchasing an additional 834,176 shares during the last quarter. 95.56% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Nathaniel Robinson sold 40,000 shares of the company's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $9.99, for a total value of $399,600.00. Following the sale, the insider now owns 40,427 shares in the company, valued at approximately $403,865.73. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 stock was sold at an average price of $9.99, for a total transaction of $399,600.00. Following the transaction, the insider now owns 40,427 shares of the company's stock, valued at approximately $403,865.73. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Tpg Gp A, Llc sold 7,734,954 shares of the business's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $9.74, for a total value 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 $166,534,529.74. The disclosure for this sale can be found here. 1.01% of the stock is owned by company insiders.

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.