Analysts expect that Newmark Group Inc (NASDAQ:NMRK) will report earnings of $0.56 per share for the current quarter, Zacks reports. Two analysts have made estimates for Newmark Group’s earnings, with the highest EPS estimate coming in at $0.57 and the lowest estimate coming in at $0.55. Newmark Group reported earnings per share of $0.45 in the same quarter last year, which would indicate a positive year over year growth rate of 24.4%. The company is expected to report its next earnings report on Tuesday, February 11th.
According to Zacks, analysts expect that Newmark Group will report full year earnings of $1.66 per share for the current fiscal year, with EPS estimates ranging from $1.65 to $1.68. For the next fiscal year, analysts forecast that the company will report earnings of $1.79 per share, with EPS estimates ranging from $1.75 to $1.84. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Newmark Group.
Newmark Group (NASDAQ:NMRK) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $586.63 million during the quarter, compared to analysts’ expectations of $565.52 million. Newmark Group had a return on equity of 40.72% and a net margin of 6.44%. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.58 EPS.
A number of research firms recently commented on NMRK. Bank of America began coverage on Newmark Group in a research note on Friday, October 18th. They issued a “buy” rating and a $15.00 price target for the company. Zacks Investment Research upgraded Newmark Group from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Wednesday, October 23rd. Finally, ValuEngine downgraded Newmark Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. Newmark Group has a consensus rating of “Buy” and a consensus price target of $14.00.
Large investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC acquired a new position in Newmark Group in the second quarter worth about $32,000. LifePlan Financial Group Inc bought a new position in Newmark Group in the third quarter worth about $33,000. Baldwin Brothers Inc. MA bought a new position in Newmark Group in the third quarter worth about $34,000. Quad Cities Investment Group LLC bought a new position in Newmark Group in the third quarter worth about $42,000. Finally, Coastal Investment Advisors Inc. bought a new position in Newmark Group in the second quarter worth about $43,000. Institutional investors and hedge funds own 57.09% of the company’s stock.
Shares of NASDAQ NMRK traded up $0.26 during mid-day trading on Tuesday, reaching $12.08. 1,316,000 shares of the company were exchanged, compared to its average volume of 981,090. The firm has a 50-day moving average of $9.75 and a 200 day moving average of $9.10. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.62. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 7.95, a P/E/G ratio of 0.81 and a beta of 1.30. Newmark Group has a 1 year low of $7.02 and a 1 year high of $12.15.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Tuesday, November 19th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.40 dividend on an annualized basis and a yield of 3.31%. Newmark Group’s dividend payout ratio (DPR) is 26.32%.
Newmark Group Company Profile
Newmark Group, Inc provides commercial real estate services in the United States and internationally. Its investor/owner services and products include capital markets, such as investment sales; and agency leasing, property management, valuation and advisory, and diligence and underwriting, as well as government sponsored enterprise lending, loan servicing, debt and structured finance, and loan sales under the Newmark Knight Frank name.
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