Newmark Group Stock Price, News & Analysis (NASDAQ:NMRK)

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Newmark Group in the last year. There are currently 1 sell rating and 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" NMRK shares.
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2 Wall Street research analysts have issued 1 year price objectives for Newmark Group's stock. Their NMRK share price targets range from $6.25 to $10.00. On average, they predict the company's share price to reach $7.44 in the next year. This suggests that the stock has a possible downside of 11.6%.
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Newmark Group's stock was trading at $7.97 at the beginning of 2023. Since then, NMRK stock has increased by 5.5% and is now trading at $8.41.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024.
View our NMRK earnings forecast.

Newmark Group, Inc. (NASDAQ:NMRK) announced its quarterly earnings results on Wednesday, November, 1st. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.30 by $0.03. The company had revenue of $616.30 million for the quarter, compared to the consensus estimate of $606.27 million. Newmark Group had a trailing twelve-month return on equity of 14.67% and a net margin of 0.66%. The firm's revenue was down 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.35 earnings per share.

Newmark Group announced a quarterly dividend on Tuesday, October 31st. Investors of record on Wednesday, November 22nd will be paid a dividend of $0.03 per share on Wednesday, December 6th. This represents a $0.12 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Tuesday, November 21st.
Read our dividend analysis for NMRK.

Newmark Group (NASDAQ:NMRK) pays an annual dividend of $0.12 per share and currently has a dividend yield of 1.46%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 133.35%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, NMRK will have a dividend payout ratio of 11.11% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NMRK.

ETFs with the largest weight of Newmark Group (NASDAQ:NMRK) stock in their portfolio include First Trust Small Cap Value AlphaDEX Fund (FYT) and First Trust Small Cap Core AlphaDEX Fund (FYX).Invesco Russell 2000 Dynamic Multifactor ETF (OMFS).

Newmark Group issued an update on its fourth quarter 2023 earnings guidance on Wednesday, November, 1st. The company provided earnings per share (EPS) guidance of $0.42-$0.49 for the period, compared to the consensus estimate of $0.30. The company issued revenue guidance of $692.00 million-$742.00 million, compared to the consensus revenue estimate of $660.90 million.

68 employees have rated Newmark Group Chief Executive Officer Barry M. Gosin on Glassdoor.com. Barry M. Gosin has an approval rating of 54% among the company's employees. This puts Barry M. Gosin in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Newmark Group investors own include BGC Partners (BGCP), Verizon Communications (VZ), AT&T (T), Intel (INTC), AGNC Investment (AGNC), Medical Properties Trust (MPW), AbbVie (ABBV), Alibaba Group (BABA), Energy Transfer (ET) and Enterprise Products Partners (EPD).

(NMRK) raised $615 million in an initial public offering (IPO) on Friday, December 15th 2017. The company issued 30,000,000 shares at $19.00-$22.00 per share. Goldman Sachs, BofA Merrill Lynch, Citigroup, Cantor Fitzgerald, PNC Capital Markets, Mizuho Securities, Capital One Securities and Keefe, Bruyette & Woods (A Stifel Company) served as the underwriters for the IPO and Sandler O’Neill + Partners, Raymond James, Regions Securities, CastleOak Securities and Wedbush Securities were co-managers.

Newmark Group's stock is owned by a number of institutional and retail investors. Top institutional investors include River Road Asset Management LLC (2.33%), FMR LLC (2.11%), Fuller & Thaler Asset Management Inc. (1.36%), Leeward Investments LLC MA (1.10%), Charles Schwab Investment Management Inc. (1.09%) and American Century Companies Inc. (0.97%).
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Shares of NMRK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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