Analysts predict that CBRE Group, Inc. (NYSE:CBG) will announce $0.94 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for CBRE Group’s earnings, with estimates ranging from $0.93 to $0.95. CBRE Group posted earnings per share of $0.93 in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.1%. The firm is expected to announce its next earnings report on Friday, February 9th.

On average, analysts expect that CBRE Group will report full year earnings of $2.67 per share for the current fiscal year, with EPS estimates ranging from $2.66 to $2.67. For the next financial year, analysts forecast that the business will report earnings of $2.76 per share, with EPS estimates ranging from $2.58 to $2.96. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for CBRE Group.

CBRE Group (NYSE:CBG) last issued its earnings results on Friday, November 3rd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.10. CBRE Group had a net margin of 5.75% and a return on equity of 26.22%. The firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.45 billion. During the same quarter last year, the company posted $0.50 earnings per share. CBRE Group’s revenue was up 11.2% on a year-over-year basis.

A number of equities research analysts have recently weighed in on CBG shares. Bank of America Corporation lifted their price target on CBRE Group from $42.00 to $44.00 and gave the company a “buy” rating in a report on Monday, November 6th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $36.00 price target on shares of CBRE Group in a report on Friday, July 21st. UBS AG started coverage on CBRE Group in a report on Wednesday, July 26th. They set a “neutral” rating and a $41.00 target price on the stock. Wedbush reissued an “outperform” rating and set a $38.00 target price on shares of CBRE Group in a report on Wednesday, August 2nd. Finally, Barclays PLC boosted their target price on CBRE Group from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $40.33.

In other CBRE Group news, CEO William F. Concannon sold 25,000 shares of CBRE Group stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $39.02, for a total transaction of $975,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael J. Lafitte sold 27,775 shares of CBRE Group stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $35.71, for a total transaction of $991,845.25. Following the sale, the insider now directly owns 308,567 shares of the company’s stock, valued at approximately $11,018,927.57. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,634,713 shares of company stock worth $202,642,013. Corporate insiders own 1.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Zions Bancorporation lifted its stake in shares of CBRE Group by 5,136.8% in the 3rd quarter. Zions Bancorporation now owns 3,561 shares of the financial services provider’s stock valued at $135,000 after purchasing an additional 3,493 shares during the last quarter. Caxton Associates LP acquired a new stake in shares of CBRE Group in the 3rd quarter valued at $439,000. Chevy Chase Trust Holdings Inc. lifted its stake in shares of CBRE Group by 1.1% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 263,392 shares of the financial services provider’s stock valued at $9,977,000 after purchasing an additional 2,987 shares during the last quarter. Magnetar Financial LLC acquired a new stake in shares of CBRE Group in the 3rd quarter valued at $216,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of CBRE Group by 70.9% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 313,724 shares of the financial services provider’s stock valued at $11,884,000 after purchasing an additional 130,144 shares during the last quarter. 95.65% of the stock is owned by institutional investors and hedge funds.

CBRE Group (NYSE CBG) opened at $42.18 on Wednesday. The stock has a market cap of $14,318.38, a PE ratio of 15.92, a price-to-earnings-growth ratio of 1.22 and a beta of 1.83. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. CBRE Group has a twelve month low of $27.68 and a twelve month high of $42.23.

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About CBRE Group

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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Earnings History and Estimates for CBRE Group (NYSE:CBG)

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