Newmark Group (NMRK) Scheduled to Post Earnings on Tuesday

Newmark Group (NASDAQ:NMRK - Get Free Report) is set to post its quarterly earnings results before the market opens on Tuesday, November 5th. Analysts expect Newmark Group to post earnings of $0.31 per share for the quarter. Newmark Group has set its FY 2024 guidance at 1.100-1.150 EPS.Parties interested in registering for the company's conference call can do so using this link.

Newmark Group (NASDAQ:NMRK - Get Free Report) last posted its quarterly earnings results on Friday, August 2nd. The company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.01. The business had revenue of $633.40 million for the quarter, compared to analysts' expectations of $630.27 million. Newmark Group had a return on equity of 17.78% and a net margin of 1.75%. The business's quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm earned $0.18 earnings per share. 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 Price Performance

Newmark Group stock traded down $0.19 during mid-day trading on Tuesday, reaching $14.91. 734,815 shares of the company's stock traded hands, compared to its average volume of 1,150,912. The stock has a 50 day moving average of $14.63 and a two-hundred day moving average of $12.10. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.49. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 56.96 and a beta of 2.01. Newmark Group has a 12-month low of $5.43 and a 12-month high of $16.10.

Newmark Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th were issued a dividend of $0.03 per share. The ex-dividend date was Friday, August 16th. This represents a $0.12 annualized dividend and a yield of 0.80%. Newmark Group's payout ratio is currently 46.15%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on NMRK shares. Wolfe Research raised Newmark Group from a "peer perform" rating to an "outperform" rating and set a $15.00 price target for the company in a report on Friday, August 16th. Keefe, Bruyette & Woods upgraded shares of Newmark Group from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $13.50 to $16.50 in a research report on Thursday, September 5th. Finally, Piper Sandler lifted their price target on shares of Newmark Group from $13.00 to $17.00 and gave the company an "overweight" rating in a research report on Tuesday, September 3rd.

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.