Newmark Group (NASDAQ:NMRK) Announces Quarterly Earnings Results

Newmark Group (NASDAQ:NMRK - Get Free Report) announced its quarterly earnings results 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. The company had revenue of $888.30 million during the quarter, compared to analyst estimates of $790.76 million. Newmark Group had a return on equity of 18.95% and a net margin of 2.00%. The firm's quarterly revenue was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 EPS. 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 Price Performance

NASDAQ NMRK traded down $0.13 on Tuesday, reaching $14.56. The company's stock had a trading volume of 1,223,151 shares, compared to its average volume of 962,756. Newmark Group has a twelve month low of $9.44 and a twelve month high of $16.10. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.42. The firm's 50 day moving average is $13.48 and its two-hundred day moving average is $14.15. The stock has a market cap of $2.49 billion, a PE ratio of 48.53 and a beta of 1.99.

Newmark Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Monday, March 3rd. Newmark Group's payout ratio is currently 40.00%.

Analyst Ratings Changes

Several research firms recently weighed in on NMRK. The Goldman Sachs Group initiated coverage on shares of Newmark Group in a report on Friday, December 6th. They issued a "buy" rating and a $19.00 price objective for the company. Wolfe Research lowered shares of Newmark Group from an "outperform" rating to a "peer perform" rating in a research note 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.