Newmark Group (NMRK) Expected to Announce Quarterly Earnings on Friday

Newmark Group (NASDAQ:NMRK) is projected to issue its quarterly earnings data before the market opens on Friday, February 14th. Analysts expect the company to announce earnings of $0.48 per share and revenue of $790.76 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Newmark Group Trading Down 1.1 %

Shares of NMRK opened at $13.63 on Thursday. The stock’s fifty day simple moving average is $13.58 and its 200-day simple moving average is $14.11. The firm has a market capitalization of $2.33 billion, a PE ratio of 45.43 and a beta of 1.99. Newmark Group has a 12-month low of $9.44 and a 12-month high of $16.10. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.52.

Analysts Set New Price Targets

NMRK has been the subject of several analyst reports. Wolfe Research cut shares of Newmark Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 25th. The Goldman Sachs Group initiated coverage on shares of Newmark Group in a report on Friday, December 6th. They set a “buy” rating and a $19.00 target price for the company.

About Newmark Group

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.