CBRE Group (CBG) Releases FY18 Earnings Guidance

CBRE Group (NYSE:CBG) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $3.00-3.15 for the period, compared to the Thomson Reuters consensus estimate of $2.83.

A number of research analysts recently issued reports on the company. Evercore ISI upgraded CBRE Group to an outperform rating in a report on Friday. Raymond James Financial assumed coverage on CBRE Group in a report on Tuesday. They set an outperform rating and a $55.00 price target on the stock. Zacks Investment Research downgraded CBRE Group from a buy rating to a hold rating in a report on Monday. William Blair restated an outperform rating on shares of CBRE Group in a report on Friday, February 2nd. Finally, ValuEngine upgraded CBRE Group from a hold rating to a buy rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $45.63.

CBRE Group (CBG) opened at $41.92 on Friday. CBRE Group has a twelve month low of $30.86 and a twelve month high of $46.60. The stock has a market capitalization of $14,440.59, a PE ratio of 18.07, a P/E/G ratio of 1.15 and a beta of 1.83. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.66.

CBRE Group (NYSE:CBG) last posted its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.06. The business had revenue of $4.34 billion for the quarter, compared to analysts’ expectations of $4.12 billion. CBRE Group had a return on equity of 26.22% and a net margin of 5.75%. The business’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.93 EPS. equities analysts forecast that CBRE Group will post 2.65 earnings per share for the current year.

In other CBRE Group news, Director Holdings L.P. Valueact sold 406,702 shares of CBRE Group stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $42.81, for a total transaction of $17,410,912.62. Following the sale, the director now directly owns 267,446 shares of the company’s stock, valued at approximately $11,449,363.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Valueact Capital Master Fund, sold 882,206 shares of CBRE Group stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $42.84, for a total value of $37,793,705.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,960,687 shares of company stock worth $126,486,405. Insiders own 1.00% of the company’s stock.

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CBRE Group Company Profile

CBRE Group, Inc is a holding company that conducts all of its operations through its subsidiaries. The Company operates as a commercial real estate services and investment company. The Company operates through the segments: The Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; Global Investment Management, and Development Services.

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