Newmark Group - NMRK Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Newmark Group in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research 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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3 analysts have issued 1 year target prices for Newmark Group's shares. Their NMRK share price forecasts range from $9.00 to $10.00. On average, they predict the company's stock price to reach $9.67 in the next year. This suggests a possible upside of 43.0% 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 decreased by 15.2% and is now trading at $6.76.
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The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
View our NMRK earnings forecast.

Newmark Group, Inc. (NASDAQ:NMRK) released its quarterly earnings data on Thursday, February, 16th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by $0.01. The firm earned $607.30 million during the quarter, compared to analysts' expectations of $670.56 million. Newmark Group had a trailing twelve-month return on equity of 22.74% and a net margin of 3.19%. The company's quarterly revenue was down 38.3% on a year-over-year basis. During the same period last year, the company posted $0.65 EPS.

Newmark Group declared a quarterly dividend on Wednesday, February 15th. Shareholders of record on Friday, March 3rd will be given a dividend of $0.03 per share on Friday, March 17th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Thursday, March 2nd.
Read our dividend analysis for NMRK.

ETFs with the largest weight of Newmark Group (NASDAQ:NMRK) stock in their portfolio include MFAM Small-Cap Growth ETF (MFMS), First Trust Small Cap Value AlphaDEX Fund (FYT), Royce Quant Small-Cap Quality Value ETF (SQLV), Vanguard U.S. Quality Factor ETF (VFQY), First Trust Small Cap Core AlphaDEX Fund (FYX), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), Fidelity MSCI Real Estate Index ETF (FREL) and Vanguard Real Estate ETF (VNQ).

Newmark Group (NASDAQ:NMRK) pays an annual dividend of $0.12 per share and currently has a dividend yield of 1.80%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 26.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NMRK will have a dividend payout ratio of 7.74% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NMRK.

Newmark Group issued an update on its first quarter 2023 earnings guidance on Monday, February, 20th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $500.00 million-$550.00 million, compared to the consensus revenue estimate of $563.39 million.

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 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 many different retail and institutional investors. Top institutional investors include Cardinal Capital Management LLC CT (2.73%), Dimensional Fund Advisors LP (2.33%), River Road Asset Management LLC (2.17%), Geode Capital Management LLC (1.66%), Fuller & Thaler Asset Management Inc. (1.38%) and Morgan Stanley (1.01%).
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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 $6.76.

Newmark Group (NASDAQ:NMRK) has a market capitalization of $1.16 billion and generates $2.71 billion in revenue each year. The company earns $83.28 million in net income (profit) each year or $0.46 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.