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
Stock Exchange NASDAQ
Industry Real estate agents & managers
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:NMRK
Previous Symbol
CUSIPN/A
Phone212-372-2000
Debt
Debt-to-Equity Ratio0.45
Current Ratio0.42
Quick Ratio0.42
Price-To-Earnings
Trailing P/E Ratio6.78
Forward P/E Ratio5.93
P/E Growth0.4
Sales & Book Value
Annual Sales$1.60 billion
Price / Sales0.86
Cash Flow$2.2437 per share
Price / Cash3.94
Book Value$6.39 per share
Price / Book1.38
Profitability
EPS (Most Recent Fiscal Year)$1.15
Net Income$144.49 million
Net Margins2.28%
Return on Equity54.81%
Return on Assets11.52%
Miscellaneous
Employees4,800
Outstanding Shares154,760,000
Market Cap$1.43 billion
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 Friday, October 26th. Shareholders of record on Wednesday, November 7th will be paid a dividend of $0.09 per share on Wednesday, November 28th. This represents a $0.36 annualized dividend and a dividend yield of 4.07%. The ex-dividend date is Tuesday, November 6th. View Newmark Group's Dividend History.
How were Newmark Group's earnings last quarter?
Newmark Group Inc (NASDAQ:NMRK) announced its earnings results on Thursday, October, 25th. The company reported $0.59 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.60 by $0.01. The company earned $518.81 million during the quarter, compared to the consensus estimate of $510.60 million. Newmark Group had a return on equity of 54.81% and a net margin of 2.28%. 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 issued an update on its FY 2018 earnings guidance on Thursday, October, 25th. The company provided earnings per share (EPS) guidance of $1.45-1.53 for the period, compared to the Thomson Reuters consensus estimate of $1.50. The company issued revenue guidance of $1.975-2.025 billion, compared to the consensus revenue estimate of $1.98 billion.
What price target have analysts set for NMRK?
6 equities research analysts have issued 1 year price targets for Newmark Group's shares. Their forecasts range from $12.00 to $24.00. On average, they expect Newmark Group's share price to reach $18.50 in the next twelve months. This suggests a possible upside of 109.3% from the stock's current price. View Analyst Price Targets for Newmark Group.
What is the consensus analysts' recommendation for Newmark Group?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Newmark Group in the last year. There are currently 1 hold rating and 5 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 stories about NMRK stock have been trending somewhat positive this week, InfoTrie Sentiment reports. InfoTrie rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Newmark Group earned a daily sentiment score of 2.0 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 3.0 out of 10, indicating that recent news coverage is unlikely to have an impact on the company's share price in the near term.
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. Michael J. Rispoli, Chief Financial Officer (Age 46)
- Mr. James R. Ficarro, Chief Operating Officer (Age 58)
- Mr. Charles E. Seufferlein, Pres of Western Region
- Stephen M. Merkel, Sec.
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 a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (1.75%), Systematic Financial Management LP (0.71%), River Road Asset Management LLC (0.49%), Point72 Asset Management L.P. (0.40%), Motley Fool Wealth Management LLC (0.31%) and Motley Fool Asset Management LLC (0.28%).
Which institutional investors are selling Newmark Group stock?
NMRK stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Highland Capital Management LP, Bank of New York Mellon Corp, Uniplan Investment Counsel Inc., Legal & General Group Plc, TIAA CREF Investment Management LLC and Jefferies Group LLC.
Which institutional investors are buying Newmark Group stock?
NMRK stock was acquired by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Motley Fool Asset Management LLC, Motley Fool Wealth Management LLC, Citadel Advisors LLC, Renaissance Technologies LLC, FNY Investment Advisers LLC, FNY Investment Advisers LLC and River Road Asset Management LLC.
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 $8.84.
How big of a company is Newmark Group?
Newmark Group has a market capitalization of $1.43 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.
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.
