Newmark Group - NMRK Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Newmark Group in the last year. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" NMRK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NMRK, but not buy additional shares or sell existing shares.
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4 brokers have issued 12 month price objectives for Newmark Group's stock. Their NMRK share price forecasts range from $8.00 to $17.00. On average, they expect the company's share price to reach $11.25 in the next twelve months. This suggests a possible upside of 30.1% from the stock's current price.
View analysts price targets for NMRK or view top-rated stocks among Wall Street analysts.

Newmark Group's stock was trading at $7.97 on January 1st, 2023. Since then, NMRK shares have increased by 8.5% and is now trading at $8.65.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
View our NMRK earnings forecast.

Newmark Group will be holding an earnings conference call on Thursday, February 16th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13735610".

Newmark Group, Inc. (NASDAQ:NMRK) released its earnings results on Friday, November, 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.13. The firm had revenue of $788.13 million for the quarter, compared to analyst estimates of $679.95 million. Newmark Group had a trailing twelve-month return on equity of 27.92% and a net margin of 7.34%. The firm's quarterly revenue was up 80.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.44 EPS.

Newmark Group announced a quarterly dividend on Friday, October 28th. Investors of record on Friday, November 11th will be given a dividend of $0.03 per share on Wednesday, November 30th. This represents a $0.12 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Wednesday, November 9th.
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 1.33%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 10.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NMRK will have a dividend payout ratio of 8.96% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NMRK.

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 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) acted 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 trades on the NASDAQ under the ticker symbol "NMRK."

Newmark Group's stock is owned by many different retail and institutional investors. Top institutional investors include River Road Asset Management LLC (2.17%), Leeward Investments LLC MA (0.75%), Ceredex Value Advisors LLC (0.75%), New York State Common Retirement Fund (0.15%), Tranquility Partners LLC (0.07%) and Brinker Capital Investments LLC (0.05%).
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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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One share of NMRK stock can currently be purchased for approximately $8.65.

Newmark Group (NASDAQ:NMRK) has a market capitalization of $1.49 billion and generates $2.91 billion in revenue each year. The company earns $750.73 million in net income (profit) each year or $1.15 on an earnings per share basis.

The company employs 6,200 workers across the globe.

Newmark Group's mailing address is 125 PARK AVENUE, NEW YORK NY, 10017. The official website for the company is www.ngkf.com. The company can be reached via phone at (212) 372-2000.