Newmark Group (NMRK) Set to Announce Earnings on Friday

Newmark Group (NASDAQ:NMRK - Get Free Report) 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 that are interested in participating in the company's earnings conference call can do so using this link.

Newmark Group (NASDAQ:NMRK - Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.46 earnings per share for the quarter, hitting analysts' consensus estimates of $0.46. Newmark Group had a return on equity of 17.03% and a net margin of 1.72%. The business had revenue of $747.70 million for the quarter, compared to the consensus estimate of $743.53 million. During the same period in the prior year, the business 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 Stock Up 1.0 %

NMRK stock traded up $0.10 during trading on Friday, reaching $9.76. 666,185 shares of the stock were exchanged, compared to its average volume of 1,031,744. The firm's 50 day moving average is $10.54 and its 200 day moving average is $9.33. Newmark Group has a twelve month low of $5.07 and a twelve month 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 market cap of $1.69 billion, a P/E ratio of 39.04 and a beta of 1.97.

Newmark Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Thursday, March 7th. Newmark Group's dividend payout ratio (DPR) is presently 48.00%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Piper Sandler reaffirmed an "overweight" rating and issued a $13.00 target price on shares of Newmark Group in a report on Tuesday, March 26th. Keefe, Bruyette & Woods lifted their price target on Newmark Group from $11.00 to $11.25 and gave the company a "market perform" rating in a research 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.