Newmark Group (NASDAQ:NMRK) Posts Earnings Results, Beats Estimates By $0.07 EPS

Newmark Group (NASDAQ:NMRK) posted its quarterly earnings data on Friday. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07, Briefing.com reports. Newmark Group had a net margin of 2.00% and a return on equity of 18.95%. The company had revenue of $888.30 million during the quarter, compared to the consensus estimate of $790.76 million. During the same period in the previous year, the firm posted $0.46 EPS. The firm’s revenue was up 18.9% compared to the same quarter last year. Newmark Group updated its FY 2025 guidance to 1.400-1.500 EPS and its FY25 guidance to $1.40-1.50 EPS.

Newmark Group Stock Performance

Newmark Group stock opened at $14.69 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $2.51 billion, a PE ratio of 48.97 and a beta of 1.99. The firm has a fifty day simple moving average of $13.51 and a two-hundred day simple moving average of $14.11. Newmark Group has a twelve month low of $9.44 and a twelve month high of $16.10.

Analyst Upgrades and Downgrades

NMRK has been the subject of a number of research analyst reports. The Goldman Sachs Group initiated coverage on shares of Newmark Group in a report on Friday, December 6th. They set a “buy” rating and a $19.00 price objective for the company. Wolfe Research downgraded shares of Newmark Group from an “outperform” rating to a “peer perform” rating in a report on Monday, November 25th.

About Newmark Group

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.