CBRE Group Inc (CBG) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $0.52 EPS for the quarter. Analysts had a consensus estimate of $0.52. The company posted revenue of $3207.50 million in the period, compared to analysts expectations of $3195.28 million. The company’s revenue was up 34.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.
Many Wall Street Analysts have commented on CBRE Group Inc. Keefe Bruyette Initiated CBRE Group Inc on May 16, 2016 to “Mkt Perform”, Price Target of the shares are set at $32.
CBRE Group Inc closed down -0.06 points or -0.21% at $28.8 with 33,79,907 shares getting traded on Thursday. Post opening the session at $28.86, the shares hit an intraday low of $28.01 and an intraday high of $29.37 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Jun 14, 2016, James R Groch (Chief Financial Officer) sold 10,000 shares at $30.20 per share price. According to the SEC, on May 12, 2016, Michael Kantor (director) sold 10,980 shares at $29.17 per share price. On May 2, 2016, Michael J Lafitte (Chief Operating Officer) sold 15,000 shares at $31.04 per share price, according to the Form-4 filing with the securities and exchange commission.
CBRE Group Inc. is a holding company that conducts all of its operations through its indirect subsidiaries. The Company is a commercial real estate services and investment firm. The Company operates through the segments: Americas; Europe Middle East and Africa; Asia Pacific; Global Investment Management and Development Services. It offers services to occupiers owners lenders and investors in office retail industrial multifamily and other types of commercial real estate. Its business is focused on competencies including commercial property and corporate facilities management tenant/occupier and property/agency leasing capital markets solutions (property sales commercial mortgage origination and servicing and debt/structured finance) real estate investment management valuation development services and research. It generates revenues from management fees on a contractual and per-project basis and from commissions on transactions. It also offers Global Workplace Solutions.