CBRE Group, Inc. (CBG) Releases FY17 Earnings Guidance

CBRE Group, Inc. (CBG) Releases FY17 Earnings Guidance

CBRE Group, Inc. (NYSE:CBG) updated its FY17 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $2.35-2.45 for the period, compared to the Thomson Reuters consensus estimate of $2.33.

Separately, Zacks Investment Research raised CBRE Group from a hold rating to a buy rating and set a $35.00 target price on the stock in a research note on Tuesday, January 3rd.

Shares of CBRE Group, Inc. (NYSE:CBG) opened at 31.57 on Friday. The stock has a market cap of $10.60 billion, a price-to-earnings ratio of 21.79 and a beta of 1.70. CBRE Group, Inc. has a one year low of $23.80 and a one year high of $33.21. The stock’s 50 day moving average price is $31.01 and its 200 day moving average price is $29.35.

CBRE Group (NYSE:CBG) last posted its quarterly earnings results on Friday, February 10th. The company reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.13. The business earned $3.80 billion during the quarter, compared to the consensus estimate of $3.89 billion. CBRE Group had a net margin of 3.77% and a return on equity of 25.55%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.81 earnings per share. Analysts forecast that CBRE Group, Inc. will post $2.18 earnings per share for the current year.

In other CBRE Group news, CFO James R. Groch sold 30,000 shares of the business’s stock in a transaction on Friday, December 2nd. The shares were sold at an average price of $30.00, for a total value of $900,000.00. Following the completion of the transaction, the chief financial officer now owns 510,483 shares in the company, valued at $15,314,490. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO James R. Groch sold 10,000 shares of the business’s stock in a transaction on Tuesday, January 10th. The stock was sold at an average price of $31.20, for a total transaction of $312,000.00. Following the completion of the transaction, the chief financial officer now owns 490,483 shares of the company’s stock, valued at approximately $15,303,069.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,000 shares of company stock valued at $1,707,150. Insiders own 1.10% of the company’s stock.

CBRE Group Company Profile

CBRE Group, Inc is a holding company that conducts all of its operations through its subsidiaries. The Company is 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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