Newmark Group (NMRK) Stock Price, News & Analysis

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Newmark Group in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" NMRK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NMRK, but not buy additional shares or sell existing shares.
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3 Wall Street analysts have issued 12-month price targets for Newmark Group's shares. Their NMRK share price targets range from $11.25 to $13.00. On average, they anticipate the company's share price to reach $12.13 in the next twelve months. This suggests a possible upside of 27.5% from the stock's current price.
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Newmark Group's stock was trading at $10.96 at the beginning of 2024. Since then, NMRK stock has decreased by 13.2% and is now trading at $9.51.
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The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024.
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Newmark Group will be holding an earnings conference call on Friday, May 3rd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Newmark Group, Inc. (NASDAQ:NMRK) posted its quarterly earnings results on Thursday, February, 22nd. The company reported $0.46 earnings per share for the quarter, meeting the consensus estimate of $0.46. The company earned $747.70 million during the quarter, compared to analyst estimates of $743.53 million. Newmark Group had a trailing twelve-month return on equity of 17.03% and a net margin of 1.72%. During the same quarter in the previous year, the firm posted $0.32 EPS.

Newmark Group announced a quarterly dividend on Wednesday, February 21st. Stockholders of record on Friday, March 8th will be paid a dividend of $0.03 per share on Friday, March 22nd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Thursday, March 7th.
Read our dividend analysis for NMRK.

Newmark Group (NASDAQ:NMRK) pays an annual dividend of $0.12 per share and currently has a dividend yield of 1.17%. The dividend payout ratio is 48.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NMRK will have a dividend payout ratio of 8.96% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NMRK.

ETFs with the largest weight of Newmark Group (NASDAQ:NMRK) stock in their portfolio include First Trust Small Cap Value AlphaDEX Fund (FYT), EA Bridgeway Omni Small-Cap Value ETF (BSVO), Invesco Russell 2000 Dynamic Multifactor ETF (OMFS), First Trust Small Cap Core AlphaDEX Fund (FYX) and JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE).Future Fund Long/Short ETF (FFLS).

Newmark Group updated its FY 2024 earnings guidance on Thursday, February, 22nd. The company provided EPS guidance of 1.100-1.150 for the period, compared to the consensus EPS estimate of 1.010. The company issued revenue guidance of $2.5 billion-$2.6 billion, compared to the consensus revenue estimate of $2.6 billion.

68 employees have rated Newmark Group Chief Executive Officer Barry M. Gosin on Glassdoor.com. Barry M. Gosin has an approval rating of 54% among the company's employees. This puts Barry M. Gosin in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Newmark Group investors own include BGC Partners (BGCP), Verizon Communications (VZ), AT&T (T), Intel (INTC), AGNC Investment (AGNC), Medical Properties Trust (MPW), AbbVie (ABBV), Alibaba Group (BABA), Energy Transfer (ET) and Enterprise Products Partners (EPD).

Newmark Group (NMRK) raised $615 million in an IPO on Friday, December 15th 2017. The company issued 30,000,000 shares at $19.00-$22.00 per share. Goldman Sachs, BofA Merrill Lynch, Citigroup, Cantor Fitzgerald, PNC Capital Markets, Mizuho Securities, Capital One Securities and Keefe, Bruyette & Woods (A Stifel Company) acted as the underwriters for the IPO and Sandler O’Neill + Partners, Raymond James, Regions Securities, CastleOak Securities and Wedbush Securities were co-managers.

Newmark Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Riverview Trust Co (0.00%).
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Shares of NMRK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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