Wall Street analysts forecast that Newmark Group, Inc. (NASDAQ:NMRK) will report earnings per share of $0.33 for the current quarter, according to Zacks. Three analysts have made estimates for Newmark Group’s earnings. The highest EPS estimate is $0.50 and the lowest is $0.23. Newmark Group reported earnings per share of $0.10 in the same quarter last year, which suggests a positive year over year growth rate of 230%. The company is expected to announce its next earnings report on Thursday, August 5th.
According to Zacks, analysts expect that Newmark Group will report full-year earnings of $1.38 per share for the current year, with EPS estimates ranging from $1.05 to $1.60. For the next fiscal year, analysts expect that the firm will post earnings of $1.51 per share, with EPS estimates ranging from $1.26 to $1.71. Zacks’ EPS averages are an average based on a survey of analysts that cover Newmark Group.
Newmark Group (NASDAQ:NMRK) last released its quarterly earnings results on Thursday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.08. Newmark Group had a return on equity of 30.14% and a net margin of 5.45%.
Institutional investors have recently made changes to their positions in the company. Federated Hermes Inc. boosted its position in shares of Newmark Group by 122.7% during the 1st quarter. Federated Hermes Inc. now owns 3,018 shares of the company’s stock worth $30,000 after acquiring an additional 1,663 shares in the last quarter. Aigen Investment Management LP acquired a new stake in Newmark Group during the 1st quarter worth approximately $100,000. LPL Financial LLC purchased a new position in shares of Newmark Group during the 4th quarter worth approximately $84,000. Truist Financial Corp purchased a new position in shares of Newmark Group during the 4th quarter worth approximately $89,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Newmark Group during the 4th quarter worth approximately $101,000. 56.80% of the stock is owned by institutional investors and hedge funds.
NMRK stock opened at $12.95 on Friday. The stock has a market cap of $2.37 billion, a P/E ratio of 25.39, a P/E/G ratio of 0.94 and a beta of 1.89. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.71. The business has a fifty day moving average price of $11.79. Newmark Group has a 1 year low of $3.87 and a 1 year high of $13.32.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 14th. Investors of record on Wednesday, May 26th will be given a dividend of $0.01 per share. The ex-dividend date is Tuesday, May 25th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.31%. Newmark Group’s payout ratio is currently 4.30%.
Newmark Group Company Profile
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.
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