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 equities research analysts have issued 12-month target prices for Newmark Group's stock. Their NMRK share price targets range from $6.25 to $10.00. On average, they anticipate the company's stock price to reach $7.44 in the next twelve months. This suggests that the stock has a possible downside of 10.8%.
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Newmark Group's stock was trading at $7.97 at the beginning of the year. Since then, NMRK shares have increased by 4.6% and is now trading at $8.34.
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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) released its 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 business earned $616.30 million during the quarter, compared to analyst estimates of $606.27 million. Newmark Group had a trailing twelve-month return on equity of 14.67% and a net margin of 0.66%. Newmark Group's quarterly revenue was down 7.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.35 EPS.

Newmark Group declared a quarterly dividend on Tuesday, October 31st. Investors of record on Wednesday, November 22nd will be given a dividend of $0.03 per share on Wednesday, December 6th. This represents a $0.12 annualized dividend and a yield of 1.44%. 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 1.43%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 133.33%. 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 guidance of $0.42-$0.49 for the period, compared to the consensus EPS 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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