Newmark Group (NASDAQ:NMRK) Releases FY25 Earnings Guidance

Newmark Group (NASDAQ:NMRK - Get Free Report) issued an update on its FY25 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $1.40-1.50 for the period, compared to the consensus estimate of $1.41. The company issued revenue guidance of $2.90-3.10 billion, compared to the consensus revenue estimate of $3.00 billion. Newmark Group also updated its FY 2025 guidance to 1.400-1.500 EPS.

Analyst Ratings Changes

A number of brokerages have recently commented on NMRK. Wolfe Research downgraded Newmark Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, November 25th. The Goldman Sachs Group initiated coverage on Newmark Group in a research report on Friday, December 6th. They issued a "buy" rating and a $19.00 price target for the company.

Newmark Group Trading Down 0.9 %

NASDAQ NMRK traded down $0.13 on Tuesday, hitting $14.56. 1,223,151 shares of the stock were exchanged, compared to its average volume of 962,756. The company's 50-day moving average price is $13.48 and its two-hundred day moving average price is $14.15. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.42 and a quick ratio of 0.42. Newmark Group has a 52-week low of $9.44 and a 52-week high of $16.10. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 48.53 and a beta of 1.99.

Newmark Group (NASDAQ:NMRK - Get Free Report) last issued its earnings results on Friday, February 14th. The company reported $0.55 earnings per share 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 for the quarter, compared to analyst estimates of $790.76 million. During the same period in the prior year, the firm posted $0.46 EPS. The business's revenue was up 18.9% compared to the same quarter last year. Research analysts predict that Newmark Group will post 1.16 EPS for the current year.

Newmark Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders 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 dividend payout ratio (DPR) is 40.00%.

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.