Cushman & Wakefield (NYSE:CWK – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01, FiscalAI reports. The company had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.78 billion. Cushman & Wakefield had a net margin of 0.64% and a return on equity of 15.90%. Cushman & Wakefield’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the business earned $0.29 EPS.
Here are the key takeaways from Cushman & Wakefield’s conference call:
- Cushman & Wakefield reported its highest third-quarter revenue on record, up 8% to $2.8 billion; adjusted EBITDA rose 16% and adjusted EPS increased 28%, marking its seventh consecutive quarter of double-digit earnings growth.
- Leasing revenue grew 15% and capital markets revenue increased 18%, while services revenue rose 5%. Management highlighted broad leasing strength in the Americas and ongoing demand for project and facilities management.
- Performance was uneven across regions: EMEA leasing declined 8% and capital markets revenue fell 21%, which management attributed mainly to macroeconomic and geopolitical uncertainty; EMEA EBITDA also declined.
- The company repaid its remaining $150 million of 2028 Notes ahead of schedule, bringing net leverage to 2.9x from 3.4x a year earlier and supporting greater capital-allocation flexibility. Management plans to balance organic investment with selective acquisitions and measured share repurchases.
- Management maintained its 2026 adjusted EPS growth target of 18%–23% and expects revenue growth in the mid-to-high end of its 6%–8% range; it also expressed confidence in meeting its 2027 targets.
Cushman & Wakefield Stock Up 7.2%
NYSE:CWK traded up $0.98 on Wednesday, reaching $14.60. The stock had a trading volume of 2,428,556 shares, compared to its average volume of 2,137,415. The company has a 50-day moving average of $12.52 and a 200 day moving average of $13.38. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.19. The stock has a market cap of $3.43 billion, a P/E ratio of 50.35 and a beta of 1.53. Cushman & Wakefield has a 12-month low of $10.88 and a 12-month high of $17.40.
Insider Transactions at Cushman & Wakefield
In related news, insider Laurida Sayed sold 16,000 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $13.88, for a total value of $222,080.00. Following the completion of the transaction, the insider owned 5,461 shares of the company’s stock, valued at approximately $75,798.68. This represents a 74.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Nathaniel Robinson sold 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $13.39, for a total value of $167,375.00. Following the sale, the insider owned 58,376 shares of the company’s stock, valued at approximately $781,654.64. This trade represents a 17.64% decrease in their position. The SEC filing for this sale provides additional information. 0.74% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the company. Barclays lifted their target price on Cushman & Wakefield from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Monday, August 17th. UBS Group decreased their target price on Cushman & Wakefield from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Monday, August 10th. Zacks Research downgraded shares of Cushman & Wakefield from a “hold” rating to a “strong sell” rating in a research report on Friday, October 16th. Morgan Stanley cut their price target on shares of Cushman & Wakefield from $19.00 to $15.00 and set an “overweight” rating on the stock in a report on Thursday, October 22nd. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Cushman & Wakefield in a research report on Thursday, October 22nd. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $16.57.
Check Out Our Latest Report on Cushman & Wakefield
About Cushman & Wakefield
Cushman & Wakefield plc (NYSE: CWK) is a global commercial real estate services company that provides advisory, transaction, and property-related solutions to property owners, occupiers, investors, and developers. The company serves clients across office, industrial, retail, multifamily, hospitality, and other real estate sectors.
Its services include leasing and tenant representation, capital markets and investment sales, valuation and advisory, property and facilities management, project and development services, and workplace and portfolio consulting.
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