Newmark Group (NASDAQ:NMRK - Get Free Report) updated its FY 2025 earnings guidance on Friday. The company provided EPS guidance of 1.400-1.500 for the period, compared to the consensus EPS estimate of 1.410. The company issued revenue guidance of $2.9 billion-$3.1 billion, compared to the consensus revenue estimate of $3.0 billion. Newmark Group also updated its FY25 guidance to $1.40-1.50 EPS.
Wall Street Analyst Weigh In
Several analysts have recently commented on the stock. The Goldman Sachs Group assumed coverage on shares of Newmark Group in a research 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 research report on Monday, November 25th.
Check Out Our Latest Stock Analysis on Newmark Group
Newmark Group Stock Down 0.9 %
NMRK traded down $0.13 during mid-day trading on Tuesday, reaching $14.56. 1,223,151 shares of the stock were exchanged, compared to its average volume of 962,756. Newmark Group has a 1 year low of $9.44 and a 1 year high of $16.10. The company has a 50 day moving average price of $13.48 and a two-hundred day moving average price of $14.15. The stock has a market capitalization of $2.49 billion, a PE ratio of 48.53 and a beta of 1.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.42.
Newmark Group (NASDAQ:NMRK - Get Free Report) last issued its quarterly earnings data on Friday, February 14th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.48 by $0.07. Newmark Group had a return on equity of 18.95% and a net margin of 2.00%. The company had revenue of $888.30 million during the quarter, compared to analyst estimates of $790.76 million. During the same quarter in the previous year, the firm earned $0.46 earnings per share. Newmark Group's revenue was up 18.9% on a year-over-year basis. As a group, research analysts anticipate that Newmark Group will post 1.16 EPS for the current year.
Newmark Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.03 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.12 annualized dividend and a yield of 0.82%. Newmark Group's payout ratio is currently 40.00%.
Newmark Group Company Profile
(
Get Free Report)
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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