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 brokerages have issued 1-year price objectives for Newmark Group's shares. Their NMRK share price forecasts range from $8.00 to $17.00. On average, they anticipate the company's share price to reach $11.25 in the next twelve months. This suggests a possible upside of 29.2% from the stock's current price.
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Newmark Group's stock was trading at $7.97 at the beginning of the year. Since then, NMRK stock has increased by 9.3% and is now trading at $8.71.
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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) issued its quarterly earnings data on Friday, November, 5th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.37 by $0.13. The business earned $788.13 million during the quarter, compared to the consensus estimate of $679.95 million. Newmark Group had a net margin of 7.34% and a trailing twelve-month return on equity of 27.92%. Newmark Group's revenue for the quarter was up 80.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.44 earnings per share.

Newmark Group announced a quarterly dividend on Friday, October 28th. Stockholders of record on Friday, November 11th will be paid a dividend of $0.03 per share on Wednesday, November 30th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date 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 (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) 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 a variety of 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 $8.71.

Newmark Group (NASDAQ:NMRK) has a market capitalization of $1.50 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.