CBRE Group (NYSE:CBRE – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 4.950-5.050 for the period, compared to the consensus estimate of 4.810. The company issued revenue guidance of -. CBRE Group also updated its FY24 guidance to $4.95-5.05 EPS.
CBRE Group Trading Down 0.7 %
NYSE CBRE opened at $132.54 on Friday. The company has a market capitalization of $40.67 billion, a price-to-earnings ratio of 41.29 and a beta of 1.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.12 and a quick ratio of 1.12. CBRE Group has a 12 month low of $64.63 and a 12 month high of $136.06. The company’s fifty day moving average price is $119.85 and its two-hundred day moving average price is $102.29.
CBRE Group (NYSE:CBRE – Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.06 by $0.14. The business had revenue of $9.04 billion for the quarter, compared to analysts’ expectations of $8.80 billion. CBRE Group had a net margin of 2.79% and a return on equity of 12.74%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.72 earnings per share. As a group, research analysts predict that CBRE Group will post 4.81 earnings per share for the current fiscal year.
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Insider Buying and Selling at CBRE Group
In other news, CEO Daniel G. Queenan sold 10,000 shares of CBRE Group stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $114.67, for a total transaction of $1,146,700.00. Following the sale, the chief executive officer now owns 217,094 shares of the company’s stock, valued at approximately $24,894,168.98. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Daniel G. Queenan sold 10,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $114.67, for a total value of $1,146,700.00. Following the completion of the transaction, the chief executive officer now owns 217,094 shares of the company’s stock, valued at approximately $24,894,168.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Christopher T. Jenny sold 10,847 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $112.00, for a total transaction of $1,214,864.00. Following the completion of the transaction, the director now owns 51,244 shares of the company’s stock, valued at $5,739,328. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,232 shares of company stock valued at $2,839,047 in the last ninety days. Company insiders own 0.54% of the company’s stock.
About CBRE Group
CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis 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.
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