Equities analysts expect that Newmark Group, Inc. (NASDAQ:NMRK – Get Rating) will post $0.37 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Newmark Group’s earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.39. Newmark Group posted earnings per share of $0.31 in the same quarter last year, which suggests a positive year over year growth rate of 19.4%. The company is expected to issue its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Newmark Group will report full-year earnings of $1.82 per share for the current fiscal year, with EPS estimates ranging from $1.80 to $1.84. For the next fiscal year, analysts anticipate that the business will post earnings of $2.05 per share, with EPS estimates ranging from $2.00 to $2.10. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Newmark Group.
Newmark Group (NASDAQ:NMRK – Get Rating) last announced its quarterly earnings results on Friday, April 29th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.12. The business had revenue of $678.20 million for the quarter, compared to the consensus estimate of $652.97 million. Newmark Group had a net margin of 23.31% and a return on equity of 30.22%. Newmark Group’s revenue for the quarter was up 34.6% on a year-over-year basis. During the same period last year, the company posted $0.20 EPS.
Shares of NASDAQ:NMRK opened at $10.97 on Monday. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 3.13, a P/E/G ratio of 0.62 and a beta of 1.77. The firm’s 50 day simple moving average is $13.85 and its 200 day simple moving average is $15.59. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.73 and a quick ratio of 0.73. Newmark Group has a fifty-two week low of $10.85 and a fifty-two week high of $19.10.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Monday, May 16th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.09%. This is a boost from Newmark Group’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Friday, May 13th. Newmark Group’s dividend payout ratio is presently 3.43%.
In other Newmark Group news, Chairman Howard W. Lutnick bought 9,800 shares of the stock in a transaction that occurred on Wednesday, February 23rd. The stock was acquired at an average cost of $16.75 per share, with a total value of $164,150.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 27.10% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of NMRK. Leeward Investments LLC MA bought a new position in shares of Newmark Group during the 1st quarter worth approximately $34,163,000. Wellington Management Group LLP bought a new position in shares of Newmark Group during the 3rd quarter worth approximately $24,635,000. Norges Bank bought a new position in shares of Newmark Group during the 4th quarter worth approximately $29,928,000. Vanguard Group Inc. grew its stake in shares of Newmark Group by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 26,213,288 shares of the company’s stock worth $417,315,000 after acquiring an additional 1,309,242 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its stake in shares of Newmark Group by 142.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,176,781 shares of the company’s stock worth $34,654,000 after acquiring an additional 1,278,444 shares in the last quarter. 58.17% of the stock is owned by institutional investors.
About Newmark Group (Get Rating)
Newmark Group, Inc provides commercial real estate services in the United States and internationally. The company's investor/owner services and products include capital markets, such as investment, debt and structured finance, and loan sales; agency leasing, property management, and valuation and advisory; and commercial real estate due diligence consulting and advisory services, as well as government sponsored enterprise lending, loan servicing, mortgage broking, and equity-raising services.
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