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S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Dems' climate, energy, tax bill clears initial Senate hurdle
Demand for grocery delivery cools as food costs rise
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Venezuela, Colombia border areas hopeful as reopening looms
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Dems' climate, energy, tax bill clears initial Senate hurdle
Demand for grocery delivery cools as food costs rise
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Venezuela, Colombia border areas hopeful as reopening looms
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
Musk says Twitter deal could move ahead with 'bot' info
Dems' climate, energy, tax bill clears initial Senate hurdle
Demand for grocery delivery cools as food costs rise
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Venezuela, Colombia border areas hopeful as reopening looms
NASDAQ:NMRK

Newmark Group (NMRK) Stock Forecast, Price & News

$10.70
+0.21 (+2.00%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$10.29
$10.75
50-Day Range
$8.81
$11.70
52-Week Range
$8.66
$19.10
Volume
971,295 shs
Average Volume
1.21 million shs
Market Capitalization
$2.02 billion
P/E Ratio
6.56
Dividend Yield
1.12%
Price Target
$16.00

Newmark Group MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
49.5% Upside
$16.00 Price Target
Short Interest
Healthy
2.80% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.52mentions of Newmark Group in the last 14 days
Based on 9 Articles This Week
Insider Trading
Acquiring Shares
$6 M Bought Last Quarter
Proj. Earnings Growth
7.78%
From $1.80 to $1.94 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.06 out of 5 stars

Finance Sector

65th out of 1,176 stocks

Real Estate Agents & Managers Industry

1st out of 17 stocks

Newmark Group logo

About Newmark Group (NASDAQ:NMRK) Stock

Newmark Group, Inc. provides commercial real estate services in the United States and internationally. The company's investor/owner services and products include capital markets, such as investment, debt and structured finance, and loan sales; agency leasing, property management, and valuation and advisory; and commercial real estate due diligence consulting and advisory services, as well as government sponsored enterprise lending, loan servicing, mortgage broking, and equity-raising services. Its occupier services and products comprise tenant representation; real estate management technology systems; workplace and occupancy strategy; global corporate consulting; project management; account and transaction management; and lease administration and facilities management services. The company provides its services to commercial real estate tenants, investors, owners, occupiers, and developers, as well as lenders and multi-national corporations. As of December 31, 2021, it operated approximately 160 offices on four continents. The company was formerly known as Newmark Knight Frank and changed its name to Newmark Group, Inc. in October 2017. Newmark Group, Inc. was founded in 1929 and is based in New York, New York.

Newmark Group Trading Up 2.0 %

NASDAQ:NMRK traded up $0.21 on Friday, reaching $10.70. 971,295 shares of the company's stock were exchanged, compared to its average volume of 1,208,492. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 6.56 and a beta of 1.77. The business has a fifty day moving average of $10.25 and a 200-day moving average of $13.06. Newmark Group has a 52-week low of $8.66 and a 52-week high of $19.10.

Newmark Group (NASDAQ:NMRK - Get Rating) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.10. The company had revenue of $755.40 million for the quarter, compared to analyst estimates of $670.04 million. Newmark Group had a net margin of 10.19% and a return on equity of 29.54%. The business's revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 earnings per share. As a group, analysts expect that Newmark Group will post 1.8 earnings per share for the current year.

Newmark Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Monday, August 15th will be paid a dividend of $0.03 per share. The ex-dividend date is Friday, August 12th. This represents a $0.12 dividend on an annualized basis and a yield of 1.12%. Newmark Group's dividend payout ratio (DPR) is presently 7.36%.

Analysts Set New Price Targets

NMRK has been the topic of several recent research reports. Raymond James lowered their price target on shares of Newmark Group from $21.00 to $18.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 26th. Piper Sandler reduced their price objective on shares of Newmark Group to $11.00 in a report on Monday, July 4th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Newmark Group currently has an average rating of "Hold" and a consensus target price of $16.00.

Insiders Place Their Bets

In other news, Chairman Howard W. Lutnick bought 329,000 shares of the business's stock in a transaction that occurred on Tuesday, June 14th. The shares were purchased at an average cost of $9.11 per share, for a total transaction of $2,997,190.00. Following the completion of the purchase, the chairman now owns 8,348,434 shares of the company's stock, valued at $76,054,233.74. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Chairman Howard W. Lutnick bought 277,000 shares of the business's stock in a transaction that occurred on Monday, May 23rd. The shares were purchased at an average cost of $10.83 per share, for a total transaction of $2,999,910.00. Following the completion of the purchase, the chairman now owns 8,019,434 shares of the company's stock, valued at $86,850,470.22. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Howard W. Lutnick bought 329,000 shares of the business's stock in a transaction that occurred on Tuesday, June 14th. The shares were purchased at an average price of $9.11 per share, for a total transaction of $2,997,190.00. Following the completion of the purchase, the chairman now directly owns 8,348,434 shares of the company's stock, valued at approximately $76,054,233.74. The disclosure for this purchase can be found here. Insiders own 27.10% of the company's stock.

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NMRK Stock News Headlines

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Newmark brings on Susan Arledge
Barings Acquires Bay Area Life Science Portfolio
See More Headlines

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NMRK Company Calendar

Ex-Dividend for 5/31 Dividend
5/13/2022
Dividend Payable
5/31/2022
Last Earnings
7/29/2022
Today
8/07/2022
Ex-Dividend for 8/31 Dividend
8/12/2022
Dividend Payable
8/31/2022
Next Earnings (Estimated)
11/04/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate agents & managers
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:NMRK
Fax
N/A
Employees
6,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$16.00
High Stock Price Forecast
$18.00
Low Stock Price Forecast
$11.00
Forecasted Upside/Downside
+49.5%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$750.73 million
Pretax Margin
38.00%

Debt

Sales & Book Value

Annual Sales
$2.91 billion
Cash Flow
$3.31 per share
Book Value
$8.78 per share

Miscellaneous

Free Float
137,826,000
Market Cap
$2.02 billion
Optionable
Optionable
Beta
1.77

Key Executives

  • Mr. Howard W. Lutnick (Age 60)
    Chairman
    Comp: $30M
  • Mr. Barry M. Gosin (Age 71)
    Chief Exec. Officer
    Comp: $12.61M
  • Mr. Michael J. Rispoli CPA (Age 50)
    Chief Financial Officer
    Comp: $1.73M
  • Mr. Stephen Marcus Merkel (Age 63)
    Exec. VP, Chief Legal Officer & Assistant Corp. Sec.
    Comp: $1.5M
  • Mr. James D. Kuhn FRICS
    Pres & Head of Investor Services
  • Mr. Sridhar Potineni
    Chief Information Officer
  • Mr. Roger Ethan Anscher J.D.
    Chief Admin. Officer
  • Mr. Jason Edward Harbes
    VP of Investor Relations
  • Mr. Jason A. McGruder
    Head of Investor Relations
  • Ms. Karen Laureano-Rikardsen
    Chief Marketing & Communications Officer













NMRK Stock - Frequently Asked Questions

Should I buy or sell Newmark Group stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Newmark Group in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Newmark Group stock. 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.
View analyst ratings for Newmark Group
or view top-rated stocks.

What is Newmark Group's stock price forecast for 2022?

4 brokerages have issued 12-month target prices for Newmark Group's stock. Their NMRK stock forecasts range from $11.00 to $18.00. On average, they predict Newmark Group's share price to reach $16.00 in the next twelve months. This suggests a possible upside of 49.5% from the stock's current price.
View analysts' price targets for Newmark Group
or view top-rated stocks among Wall Street analysts.

How has Newmark Group's stock price performed in 2022?

Newmark Group's stock was trading at $18.70 on January 1st, 2022. Since then, NMRK shares have decreased by 42.8% and is now trading at $10.70.
View the best growth stocks for 2022 here
.

When is Newmark Group's next earnings date?

Newmark Group is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our earnings forecast for Newmark Group
.

How were Newmark Group's earnings last quarter?

Newmark Group, Inc. (NASDAQ:NMRK) released its quarterly earnings data on Friday, July, 29th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.10. The business had revenue of $755.40 million for the quarter, compared to the consensus estimate of $670.04 million. Newmark Group had a trailing twelve-month return on equity of 29.54% and a net margin of 10.19%. The business's quarterly revenue was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 earnings per share.

How often does Newmark Group pay dividends? What is the dividend yield for Newmark Group?

Newmark Group declared a quarterly dividend on Wednesday, August 3rd. Investors of record on Monday, August 15th will be given a dividend of $0.03 per share on Wednesday, August 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Friday, August 12th.
View Newmark Group's dividend history
.

Is Newmark Group a good dividend stock?

Newmark Group(NASDAQ:NMRK) pays an annual dividend of $0.12 per share and currently has a dividend yield of 1.12%. Newmark Group does not yet have a strong track record of dividend growth. The dividend payout ratio of Newmark Group is 7.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Newmark Group will have a dividend payout ratio of 6.19% next year. This indicates that Newmark Group will be able to sustain or increase its dividend.
View Newmark Group's dividend history.

What guidance has Newmark Group issued on next quarter's earnings?

Newmark Group issued an update on its FY 2025 earnings guidance on Friday, August, 5th. The company provided EPS guidance of for the period. The company issued revenue guidance of $4.50 billion-$4.50 billion.

What is Barry M. Gosin's approval rating as Newmark Group's CEO?

68 employees have rated Newmark Group CEO Barry M. Gosin on Glassdoor.com. Barry M. Gosin has an approval rating of 54% among Newmark Group's employees. This puts Barry M. Gosin in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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), 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).

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 $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.

What is Newmark Group's stock symbol?

Newmark Group trades on the NASDAQ under the ticker symbol "NMRK."

Who are Newmark Group's major shareholders?

Newmark Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include River Road Asset Management LLC (1.85%), Leeward Investments LLC MA (0.89%), Ceredex Value Advisors LLC (0.69%), State of New Jersey Common Pension Fund D (0.11%), Comerica Bank (0.09%) and Tranquility Partners LLC (0.06%).
View institutional ownership trends 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Newmark Group's stock price today?

One share of NMRK stock can currently be purchased for approximately $10.70.

How much money does Newmark Group make?

Newmark Group (NASDAQ:NMRK) has a market capitalization of $2.02 billion and generates $2.91 billion in revenue each year. The company earns $750.73 million in net income (profit) each year or $1.63 on an earnings per share basis.

How many employees does Newmark Group have?

Newmark Group employs 6,200 workers across the globe.

How can I contact Newmark Group?

Newmark Group's mailing address is 125 PARK AVENUE, NEW YORK NY, 10017. The official website for Newmark Group is www.ngkf.com. The company can be reached via phone at (121) 237-2200.

This page (NASDAQ:NMRK) was last updated on 8/7/2022 by MarketBeat.com Staff

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