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 Berkeley Point and NKF Capital Markets names. The company's occupier services and products comprise tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration, and facilities management. It provides its services to commercial real estate tenants, owner-occupiers, investors, and developers. As of March 9, 2018, Newmark Group, Inc. operated approximately 400 offices in 6 continents. The company was formerly known as Newmark Knight Frank and changed its name to Newmark Group, Inc. in October 2017. The company was founded in 1929 and is headquartered in New York, New York.
Industry, Sector and Symbol
Industry Real estate agents & managers
Sub-IndustryN/A
SectorFinance
Phone212-372-2000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$2.05 billion
Profitability
Miscellaneous
Employees4,800
OptionableOptionable
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 Wednesday, February 13th. Investors of record on Thursday, February 28th will be given a dividend of $0.09 per share on Wednesday, March 13th. This represents a $0.36 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Wednesday, February 27th. View Newmark Group's Dividend History.
How were Newmark Group's earnings last quarter?
Newmark Group Inc (NASDAQ:NMRK) issued its earnings results on Tuesday, February, 12th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.02. The firm had revenue of $631.70 million for the quarter, compared to the consensus estimate of $591.66 million. Newmark Group had a net margin of 5.06% and a return on equity of 51.98%. The business's revenue was up 37.1% compared to the same quarter last year. View Newmark Group's Earnings History.
When is Newmark Group's next earnings date?
What guidance has Newmark Group issued on next quarter's earnings?
Newmark Group updated its FY19 earnings guidance on Tuesday, February, 12th. The company provided earnings per share guidance of $1.55-1.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.62. The company issued revenue guidance of $2.2-2.3 billion, compared to the consensus revenue estimate of $2.19 billion.
What price target have analysts set for NMRK?
2 brokerages have issued 12 month target prices for Newmark Group's stock. Their forecasts range from $12.00 to $18.00. On average, they anticipate Newmark Group's share price to reach $15.00 in the next year. This suggests a possible upside of 45.3% from the stock's current price. View Analyst Price Targets for Newmark Group.
What is the consensus analysts' recommendation for Newmark Group?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Newmark Group in the last year. There are currently 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?
News articles about NMRK stock have trended somewhat positive recently, InfoTrie Sentiment reports. The research firm ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Newmark Group earned a news impact score of 1.2 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an effect on the company's share price in the next several days.
Who are some of Newmark Group's key competitors?
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 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) acted as the underwriters for the IPO and Sandler O’Neill + Partners, Raymond James, Regions Securities, CastleOak Securities and Wedbush Securities were co-managers.
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, Scottrade, Fidelity and Charles Schwab.
What is Newmark Group's stock price today?
One share of NMRK stock can currently be purchased for approximately $10.32.
How big of a company is Newmark Group?
Newmark Group has a market capitalization of $1.60 billion and generates $2.05 billion in revenue each year. The company earns $144.49 million in net income (profit) each year or $1.52 on an earnings per share basis. Newmark Group employs 4,800 workers across the globe.
What is Newmark Group's official website?
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)
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.
