Newmark Group (NMRK) Projected to Post Earnings on Friday

Newmark Group (NASDAQ:NMRK - Get Free Report) is expected to be announcing its earnings results before the market opens on Friday, February 14th. Analysts expect the company to announce earnings of $0.48 per share and revenue of $790.76 million for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

Newmark Group Stock Performance

Shares of NMRK stock traded up $0.07 on Monday, reaching $13.79. The stock had a trading volume of 966,078 shares, compared to its average volume of 891,030. 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 has a 1 year low of $9.44 and a 1 year high of $16.10. The stock has a market cap of $2.36 billion, a P/E ratio of 45.97 and a beta of 1.99. The company has a 50 day simple moving average of $13.64 and a 200 day simple moving average of $14.10.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. The Goldman Sachs Group began coverage on shares of Newmark Group in a research note on Friday, December 6th. They issued a "buy" rating and a $19.00 price target on the stock. Wolfe Research downgraded Newmark Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, November 25th.

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.