Newmark Group (NMRK) to Release Earnings on Friday

Newmark Group (NASDAQ:NMRK) is scheduled to be releasing its earnings data 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.Persons interested in registering for the company’s earnings conference call can do so using this link.

Newmark Group (NASDAQ:NMRK) last released its earnings results on Thursday, February 22nd. The company reported $0.46 earnings per share for the quarter, meeting the consensus estimate of $0.46. Newmark Group had a net margin of 1.72% and a return on equity of 17.03%. The business had revenue of $747.70 million during the quarter, compared to analysts’ expectations of $743.53 million. During the same period last year, the business earned $0.32 earnings per share. 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

NASDAQ:NMRK opened at $9.57 on Wednesday. Newmark Group has a 1-year low of $5.07 and a 1-year high of $11.51. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. The firm has a fifty day simple moving average of $10.50 and a 200 day simple moving average of $9.42. The stock has a market capitalization of $1.65 billion, a PE ratio of 38.28 and a beta of 1.97.

Newmark Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.25%. The ex-dividend date was Thursday, March 7th. Newmark Group’s dividend payout ratio is 48.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on NMRK shares. Piper Sandler reaffirmed an “overweight” rating and set a $13.00 price target on shares of Newmark Group in a report on Tuesday, March 26th. Keefe, Bruyette & Woods lifted their target price on 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.