Newmark Group (NMRK) to Release Earnings on Friday

Newmark Group (NASDAQ:NMRK) will be posting its quarterly earnings results before the market opens on Friday, May 3rd. Analysts expect Newmark Group to post earnings of $0.18 per share for the quarter. Newmark Group has set its FY 2024 guidance at 1.100-1.150 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Newmark Group (NASDAQ:NMRK) last issued its earnings results on Thursday, February 22nd. The company reported $0.46 EPS for the quarter, hitting analysts’ consensus estimates of $0.46. The business had revenue of $747.70 million for the quarter, compared to the consensus estimate of $743.53 million. Newmark Group had a net margin of 1.72% and a return on equity of 17.03%. During the same period in the prior year, the firm earned $0.32 EPS. On average, analysts expect Newmark Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Newmark Group Price Performance

Shares of NMRK stock opened at $9.66 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market capitalization of $1.67 billion, a P/E ratio of 38.64 and a beta of 1.97. The company’s 50-day simple moving average is $10.57 and its two-hundred day simple moving average is $9.30. Newmark Group has a one year low of $5.07 and a one year high of $11.51.

Newmark Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were paid a $0.03 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.12 dividend on an annualized basis and a yield of 1.24%. Newmark Group’s dividend payout ratio is currently 48.00%.

Wall Street Analysts Forecast Growth

NMRK has been the topic of a number of recent research reports. Piper Sandler reiterated an “overweight” rating and set a $13.00 price objective on shares of Newmark Group in a research note on Tuesday, March 26th. Keefe, Bruyette & Woods raised their price target on shares of Newmark Group from $11.00 to $11.25 and gave the stock a “market perform” rating in a report on Monday, February 26th.

Newmark Group Company Profile

Newmark Group, Inc provides commercial real estate services in the United States, the United Kingdom, and internationally. The company offers capital markets consisting of investment sales and commercial mortgage brokerage; landlord or agency representation leasing; valuation and advisory; property management; commercial real estate technology platform and capabilities; the United Kingdom business rates services; due diligence, consulting, and other advisory services; GSEs and the Federal Housing Administration lending services comprising multifamily lending and loan servicing; asset management; and flexible workspace solutions for owners.