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

$11.32
-0.14 (-1.22 %)
(As of 02/19/2020 06:00 AM ET)
Today's Range
$11.11
Now: $11.32
$11.55
50-Day Range
$11.32
MA: $12.08
$13.46
52-Week Range
$7.02
Now: $11.32
$13.85
Volume2.02 million shs
Average Volume996,219 shs
Market Capitalization$2.04 billion
P/E Ratio19.19
Dividend Yield3.49%
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$2.73 per share
Book Value$5.93 per share

Profitability

Net Income$108.16 million

Miscellaneous

Employees5,200
Market Cap$2.04 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. Shareholders 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 yield of 3.53%. 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 for the quarter, missing the Thomson Reuters' consensus estimate of $0.55 by $0.03. The business earned $632.40 million during the quarter, compared to analyst estimates of $665.84 million. Newmark Group had a return on equity of 42.94% and a net margin of 5.14%. The firm's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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 brokerages have issued 1-year target prices for Newmark Group's shares. Their forecasts range from $12.35 to $15.00. On average, they expect Newmark Group's share price to reach $13.46 in the next twelve months. This suggests a possible upside of 18.9% 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?

Media headlines about NMRK stock have been trending extremely negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Newmark Group earned a media sentiment score of -4.1 on InfoTrie's scale. They also gave news articles about the company a news buzz of 7.0 out of 10, indicating that recent press coverage is likely to have an effect on the company's share price in the next few days. View News Stories for Newmark Group.

Are investors shorting Newmark Group?

Newmark Group saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 3,590,000 shares, an increase of 30.5% from the January 15th total of 2,750,000 shares. Based on an average trading volume of 885,900 shares, the short-interest ratio is presently 4.1 days. Approximately 2.4% of the company's shares are short sold. 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), AGNC Investment (AGNC), Walt Disney (DIS) 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 a number of of retail and institutional investors. Top institutional investors 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%), EJF Capital LLC (1.42%) and Goldman Sachs Group Inc. (0.77%). 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, Man Group plc, Panagora Asset Management Inc., Bank of New York Mellon Corp, First Trust Advisors LP, Bank of America Corp DE and Marshall Wace North America L.P.. 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 $11.32.

How big of a company is Newmark Group?

Newmark Group has a market capitalization of $2.04 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:  314 (Vote Outperform)
Underperform Votes:  422 (Vote Underperform)
Total Votes:  736
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 2/19/2020 by MarketBeat.com Staff

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