Newmark Group (NMRK) to Release Earnings on Wednesday

Newmark Group (NASDAQ:NMRK - Get Free Report) is anticipated to announce its Q1 2025 earnings results before the market opens on Wednesday, April 30th. Analysts expect the company to announce earnings of $0.19 per share and revenue of $609.28 million for the quarter. Newmark Group has set its FY 2025 guidance at 1.400-1.500 EPS and its FY25 guidance at $1.40-1.50 EPS.

Newmark Group (NASDAQ:NMRK - Get Free Report) last released its quarterly earnings data on Friday, February 14th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.07. Newmark Group had a return on equity of 20.74% and a net margin of 2.22%. The firm had revenue of $888.30 million for the quarter, compared to analyst estimates of $790.76 million. During the same quarter in the prior year, the company earned $0.46 earnings per share. The business's revenue for the quarter was up 18.9% compared to the same quarter last year. On average, analysts expect Newmark Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Newmark Group Stock Performance

Newmark Group stock traded up $0.06 during mid-day trading on Monday, hitting $11.19. 298,557 shares of the company's stock traded hands, compared to its average volume of 1,140,741. The firm has a 50 day simple moving average of $12.18 and a two-hundred day simple moving average of $13.52. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.42 and a quick ratio of 0.42. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 32.00 and a beta of 1.69. Newmark Group has a fifty-two week low of $9.51 and a fifty-two week high of $16.10.

Newmark Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.03 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.12 annualized dividend and a yield of 1.07%. Newmark Group's dividend payout ratio (DPR) is presently 34.29%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. The Goldman Sachs Group cut their price objective on shares of Newmark Group from $19.50 to $17.00 and set a "buy" rating for the company in a report on Wednesday, March 19th. Keefe, Bruyette & Woods lowered their price target on Newmark Group from $18.00 to $14.50 and set an "outperform" rating for the company in a report on Thursday, April 17th.

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.