Newmark Group (NASDAQ:NMRK – Get Free Report) will issue its quarterly earnings data before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Newmark Group has set its FY 2024 guidance at 1.100-1.150 EPS.Parties interested in participating in the company’s conference call can do so using this link.
Newmark Group (NASDAQ:NMRK – Get Free Report) last announced its earnings results on Thursday, February 22nd. The company reported $0.46 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.46. The firm had revenue of $747.70 million for the quarter, compared to analyst estimates of $743.53 million. Newmark Group had a net margin of 1.72% and a return on equity of 17.03%. During the same quarter in the previous year, the firm posted $0.32 EPS. On average, analysts expect Newmark Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Newmark Group Trading Up 0.3 %
Shares of NMRK opened at $9.60 on Thursday. The firm’s 50-day moving average price is $10.48 and its 200-day moving average price is $9.42. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 38.40 and a beta of 1.97. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. Newmark Group has a 1-year low of $5.07 and a 1-year high of $11.51.
Newmark Group Announces Dividend
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Newmark Group from $11.00 to $11.25 and gave the stock a “market perform” rating in a research note on Monday, February 26th. Piper Sandler reissued an “overweight” rating and set a $13.00 price objective on shares of Newmark Group in a research note on Tuesday, March 26th.
View Our Latest Stock Analysis on Newmark Group
Newmark Group Company Profile
Newmark Group, Inc provides commercial real estate services in the United States, the United Kingdom, and internationally. The company offers capital markets consisting of investment sales and commercial mortgage brokerage; landlord or agency representation leasing; valuation and advisory; property management; commercial real estate technology platform and capabilities; the United Kingdom business rates services; due diligence, consulting, and other advisory services; GSEs and the Federal Housing Administration lending services comprising multifamily lending and loan servicing; asset management; and flexible workspace solutions for owners.
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