$0.33 EPS Expected for Newmark Group, Inc. (NASDAQ:NMRK) This Quarter

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%.

A number of equities research analysts have commented on the company. TheStreet raised Newmark Group from a “d+” rating to a “c-” rating in a report on Thursday, February 18th. Wedbush reiterated a “neutral” rating on shares of Newmark Group in a research report on Friday, March 12th. Piper Sandler upgraded Newmark Group from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $7.50 to $12.00 in a research report on Friday, February 19th. The Goldman Sachs Group boosted their price target on Newmark Group from $10.00 to $11.00 and gave the company a “buy” rating in a report on Thursday, February 25th. Finally, Zacks Investment Research downgraded shares of Newmark Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 22nd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $12.00.

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.

Recommended Story: How to Trade Using Analysts Ratings

Get a free copy of the Zacks research report on Newmark Group (NMRK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Newmark Group (NASDAQ:NMRK)

Receive News & Ratings for Newmark Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newmark Group and related companies with MarketBeat.com's FREE daily email newsletter.