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NASDAQ:NMRK - Newmark Group Stock Price, Forecast & News

$9.48
-0.51 (-5.10 %)
(As of 02/28/2020 01:31 PM ET)
Today's Range
$9.48
Now: $9.49
$9.88
50-Day Range
$9.99
MA: $11.80
$12.35
52-Week Range
$7.02
Now: $9.49
$13.85
Volume998,845 shs
Average Volume1.06 million shs
Market Capitalization$1.71 billion
P/E Ratio16.08
Dividend Yield3.73%
Beta1.47
Newmark Group, Inc provides commercial real estate services in the United States and internationally. Its investor/owner services and products include capital markets, such as investment sales; and agency leasing, property management, valuation and advisory, and diligence and underwriting, as well as government sponsored enterprise lending, loan servicing, debt and structured finance, and loan sales under the Newmark Knight Frank name. Read More…

Industry, Sector and Symbol

Industry Real estate agents & managers
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:NMRK
CUSIPN/A
Phone212-372-2000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.22 billion
Cash Flow$2.44 per share
Book Value$5.93 per share

Profitability

Net Income$108.16 million

Miscellaneous

Employees5,200
Market Cap$1.71 billion
Next Earnings Date5/14/2020 (Estimated)
OptionableOptionable

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Newmark Group (NASDAQ:NMRK) Frequently Asked Questions

What is Newmark Group's stock symbol?

Newmark Group trades on the NASDAQ under the ticker symbol "NMRK."

How often does Newmark Group pay dividends? What is the dividend yield for Newmark Group?

Newmark Group announced a quarterly dividend on Friday, February 14th. Investors of record on Thursday, March 5th will be given a dividend of $0.10 per share on Monday, March 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Wednesday, March 4th. View Newmark Group's Dividend History.

How were Newmark Group's earnings last quarter?

Newmark Group Inc (NASDAQ:NMRK) issued its quarterly earnings data on Thursday, February, 13th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.55 by $0.03. The company earned $632.40 million during the quarter, compared to analyst estimates of $665.84 million. Newmark Group had a net margin of 5.14% and a return on equity of 42.94%. Newmark Group's quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 EPS. View Newmark Group's Earnings History.

When is Newmark Group's next earnings date?

Newmark Group is scheduled to release their next quarterly earnings announcement on Thursday, May 14th 2020. View Earnings Estimates for Newmark Group.

What guidance has Newmark Group issued on next quarter's earnings?

Newmark Group updated its FY20 earnings guidance on Thursday, February, 13th. The company provided EPS guidance of $1.70-1.76 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.76. The company issued revenue guidance of $2.4-2.5 billion, compared to the consensus revenue estimate of $2.38 billion.

What price target have analysts set for NMRK?

4 brokers have issued 1-year price objectives for Newmark Group's shares. Their forecasts range from $12.35 to $15.00. On average, they anticipate Newmark Group's share price to reach $13.46 in the next year. This suggests a possible upside of 40.5% from the stock's current price. View Analyst Price Targets for Newmark Group.

What is the consensus analysts' recommendation for Newmark Group?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Newmark Group in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Newmark Group.

Has Newmark Group been receiving favorable news coverage?

Press coverage about NMRK stock has been trending very negative recently, according to InfoTrie. The research group scores the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Newmark Group earned a daily sentiment score of -3.0 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Newmark Group.

Are investors shorting Newmark Group?

Newmark Group saw a increase in short interest in February. As of February 14th, there was short interest totalling 4,440,000 shares, an increase of 23.7% from the January 30th total of 3,590,000 shares. Based on an average trading volume of 860,500 shares, the days-to-cover ratio is currently 5.2 days. Approximately 3.0% of the shares of the company are sold short. View Newmark Group's Current Options Chain.

Who are some of Newmark Group's key competitors?

What other stocks do shareholders of Newmark Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Newmark Group investors own include BGC Partners (BGCP), Verizon Communications (VZ), Alibaba Group (BABA), Cisco Systems (CSCO), General Electric (GE), Altria Group (MO), AT&T (T), Walt Disney (DIS), AGNC Investment (AGNC) and NVIDIA (NVDA).

Who are Newmark Group's key executives?

Newmark Group's management team includes the folowing people:
  • Mr. Barry M. Gosin, Chief Exec. Officer (Age 68)
  • Mr. Michael J. Rispoli, Chief Financial Officer (Age 47)
  • Mr. James D. Kuhn, Pres
  • Mr. Raj Bhatti, Chief Information Officer
  • Ms. Alison Lewis, Chief Admin. Officer

When did Newmark Group IPO?

(NMRK) raised $615 million in an initial public offering (IPO) on Friday, December 15th 2017. The company issued 30,000,000 shares at a price of $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.

Who are Newmark Group's major shareholders?

Newmark Group's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Principal Financial Group Inc. (5.07%), Bank of New York Mellon Corp (2.09%), Prudential Financial Inc. (1.73%), State Street Corp (1.70%), Geode Capital Management LLC (1.57%) and EJF Capital LLC (1.42%). Company insiders that own Newmark Group stock include Barry M Gosin and Virginia S Bauer. View Institutional Ownership Trends for Newmark Group.

Which major investors are selling Newmark Group stock?

NMRK stock was sold by a variety of institutional investors in the last quarter, including EJF Capital LLC, CNH Partners LLC, Alberta Investment Management Corp, AlphaCrest Capital Management LLC, Sei Investments Co., Motley Fool Asset Management LLC, Bowling Portfolio Management LLC and Boston Partners. View Insider Buying and Selling for Newmark Group.

Which major investors are buying Newmark Group stock?

NMRK stock was bought by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Renaissance Technologies LLC, Geode Capital Management LLC, Man Group plc, Panagora Asset Management Inc., Bank of New York Mellon Corp, First Trust Advisors LP and Bank of America Corp DE. Company insiders that have bought Newmark Group stock in the last two years include Barry M Gosin and Virginia S Bauer. View Insider Buying and Selling for Newmark Group.

How do I buy shares of Newmark Group?

Shares of NMRK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Newmark Group's stock price today?

One share of NMRK stock can currently be purchased for approximately $9.58.

How big of a company is Newmark Group?

Newmark Group has a market capitalization of $1.72 billion and generates $2.22 billion in revenue each year. The company earns $108.16 million in net income (profit) each year or $1.62 on an earnings per share basis. Newmark Group employs 5,200 workers across the globe.View Additional Information About Newmark Group.

What is Newmark Group's official website?

The official website for Newmark Group is http://www.ngkf.com/.

How can I contact Newmark Group?

Newmark Group's mailing address is 125 PARK AVENUE, NEW YORK NY, 10017. The company can be reached via phone at 212-372-2000.


MarketBeat Community Rating for Newmark Group (NASDAQ NMRK)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  315 (Vote Outperform)
Underperform Votes:  422 (Vote Underperform)
Total Votes:  737
MarketBeat's community ratings are surveys of what our community members think about Newmark Group and other stocks. Vote "Outperform" if you believe NMRK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NMRK will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/28/2020 by MarketBeat.com Staff

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