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About Newmark Group (NASDAQ:NMRK)
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. Newmark Group, Inc. is a subsidiary of BGC Partners, Inc.
Industry, Sector and Symbol
Industry Real estate agents & managers
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:NMRK
CUSIPN/A
Phone212-372-2000
Debt
Debt-to-Equity Ratio1.14
Current Ratio0.34
Quick Ratio0.34
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E Ratio9.37
P/E Growth0.62
Sales & Book Value
Annual Sales$1.60 billion
Price / Sales1.34
Cash Flow$2.3311 per share
Price / Cash5.95
Book Value$3.43 per share
Price / Book4.04
Profitability
EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A
Miscellaneous
Employees4,800
Outstanding Shares154,760,000
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 special dividend on Friday, May 4th. Shareholders of record on Monday, May 21st will be paid a dividend of $0.09 per share on Tuesday, June 5th. The ex-dividend date of this dividend is Friday, May 18th. View Newmark Group's Dividend History.
How were Newmark Group's earnings last quarter?
Newmark Group (NASDAQ:NMRK) posted its earnings results on Thursday, May, 3rd. The company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by $0.01. The company earned $430.46 million during the quarter, compared to analysts' expectations of $387.75 million. View Newmark Group's Earnings History.
What price target have analysts set for NMRK?
6 brokerages have issued 1 year price targets for Newmark Group's stock. Their forecasts range from $17.00 to $24.00. On average, they expect Newmark Group's share price to reach $20.0833 in the next year. View Analyst Ratings for Newmark Group.
Are investors shorting Newmark Group?
Newmark Group saw a decrease in short interest during the month of May. As of May 15th, there was short interest totalling 513,125 shares, a decrease of 33.0% from the April 30th total of 766,001 shares. Based on an average trading volume of 382,952 shares, the days-to-cover ratio is presently 1.3 days. Currently, 2.2% of the company's stock are sold short.
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 67)
- Mr. James R. Ficarro, Chief Operating Officer (Age 58)
- Mr. Michael J. Rispoli, Chief Financial Officer (Age 46)
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.
When does the company's lock-up period expire?
Newmark Group's lock-up period expires on Wednesday, June 13th. Newmark Group had issued 20,000,000 shares in its IPO on December 15th. The total size of the offering was $280,000,000 based on an initial share price of $14.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.
Has Newmark Group been receiving favorable news coverage?
Press coverage about NMRK stock has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Newmark Group earned a coverage optimism score of 0.02 on Accern's scale. They also gave media stories about the company an impact score of 47.43 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
Who are Newmark Group's major shareholders?
Newmark Group's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (1.90%), Gratia Capital LLC (1.01%), Cardinal Capital Management LLC CT (0.58%), The Manufacturers Life Insurance Company (0.52%), Systematic Financial Management LP (0.50%) and Jacobs Asset Management LLC (0.47%). 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 Point72 Asset Management L.P., Cardinal Capital Management LLC CT and The Manufacturers Life Insurance Company . View Insider Buying and Selling for Newmark Group.
Which major investors are buying Newmark Group stock?
NMRK stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Systematic Financial Management LP, Jacobs Asset Management LLC, Millennium Management LLC, Northern Trust Corp, Schwab Charles Investment Management Inc., Uniplan Investment Counsel Inc. and River Road Asset Management LLC. 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, Scottrade, Fidelity and Charles Schwab.
What is Newmark Group's stock price today?
One share of NMRK stock can currently be purchased for approximately $13.87.
How big of a company is Newmark Group?
Newmark Group has a market capitalization of $2.15 billion and generates $1.60 billion in revenue each year. The company earns $144.49 million in net income (profit) each year or $1.15 on an earnings per share basis. Newmark Group employs 4,800 workers across the globe.
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 (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.
Newmark Group (NASDAQ:NMRK) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
6 Wall Street analysts have issued ratings and price targets for Newmark Group in the last 12 months. Their average twelve-month price target is $20.0833, suggesting that the stock has a possible upside of 44.80%. The high price target for NMRK is $24.00 and the low price target for NMRK is $17.00. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | N/A |
| Consensus Rating Score: | 2.67 | 2.83 | 2.83 | N/A |
| Ratings Breakdown: | 0 Sell Rating(s)
2 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $20.0833 | $20.0833 | $20.0833 | N/A |
| Price Target Upside: | 44.80% upside | 33.89% upside | 33.89% upside | N/A |
Newmark Group (NASDAQ:NMRK) Consensus Price Target History
Newmark Group (NASDAQ:NMRK) Analyst Ratings History
Show:
(Data available from 5/26/2016 forward)
Newmark Group (NASDAQ:NMRK) Earnings History and Estimates Chart
Newmark Group (NASDAQ:NMRK) Earnings Estimates
2018 EPS Consensus Estimate: $1.55
2019 EPS Consensus Estimate: $1.94
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2018 | 1 | $0.31 | $0.31 | $0.31 |
| Q2 2018 | 1 | $0.48 | $0.48 | $0.48 |
| Q3 2018 | 1 | $0.46 | $0.46 | $0.46 |
| Q4 2018 | 1 | $0.30 | $0.30 | $0.30 |
| Q1 2019 | 1 | $0.34 | $0.34 | $0.34 |
| Q2 2019 | 1 | $0.38 | $0.38 | $0.38 |
| Q3 2019 | 1 | $0.79 | $0.79 | $0.79 |
| Q4 2019 | 1 | $0.43 | $0.43 | $0.43 |
Newmark Group (NASDAQ NMRK) Earnings History by Quarter
| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 5/3/2018 | Q1 2018 | $0.23 | $0.22 | $387.75 million | $430.46 million | View | N/A |  |
| 2/9/2018 | Q4 17 | $0.30 | $0.30 | $428.10 million | $460.60 million | View | N/A | |
(Earnings results data provided by Zacks Investment Research)
Newmark Group (NASDAQ:NMRK) Dividend Information
Newmark Group pays an annual dividend of $0.36 per share, with a dividend yield of 2.60%. NMRK's next special dividend payment will be made on Tuesday, June 5. Newmark Group pays out 31.30% of its earnings out as a dividend.
| Next Dividend: | 6/5/2018 |
| Annual Dividend: | $0.36 |
| Dividend Yield: | 2.60% |
| Payout Ratio(s): | 31.30% (Trailing 12 Months of Earnings)
24.32% (Based on This Year's Estimates)
19.57% (Based on Next Year's Estimates)
15.44% (Based on Cash Flow)
|
Newmark Group (NASDAQ:NMRK) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/4/2018 | special | $0.09 | | 5/18/2018 | 5/21/2018 | 6/5/2018 |
(Data available from 1/1/2013 forward)
Newmark Group (NASDAQ NMRK) Insider Trading and Institutional Ownership History
Institutional Ownership Percentage: 15.25%
Newmark Group (NASDAQ NMRK) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
(Data available from 1/1/2013 forward)
Newmark Group (NASDAQ NMRK) News Headlines
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Newmark Group (NASDAQ:NMRK) SEC Filings
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Newmark Group (NASDAQ NMRK) Stock Chart for Saturday, May, 26, 2018
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