Should I buy or sell Newmark Group stock right now?

3 Wall Street equities 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 equities 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. View NMRK analyst ratings or view top-rated stocks .

What is Newmark Group's stock price target for 2024?

3 brokers have issued 1 year price targets for Newmark Group's shares. Their NMRK share price targets range from $11.25 to $13.00. On average, they expect the company's stock price to reach $12.13 in the next twelve months. This suggests a possible upside of 25.8% from the stock's current price. View analysts price targets for NMRK or view top-rated stocks among Wall Street analysts .

How have NMRK shares performed in 2024?

Newmark Group's stock was trading at $10.96 at the beginning of the year. Since then, NMRK shares have decreased by 12.0% and is now trading at $9.64. View the best growth stocks for 2024 here .

When is Newmark Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024. View our NMRK earnings forecast .

How can I listen to Newmark Group's earnings call?

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 .

How were Newmark Group's earnings last quarter?

Newmark Group, Inc. (NASDAQ:NMRK) issued 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 business had revenue of $747.70 million for the quarter, compared to analyst estimates of $743.53 million. Newmark Group had a net margin of 1.72% and a trailing twelve-month return on equity of 17.03%. During the same quarter in the previous year, the company posted $0.32 EPS.

How often does Newmark Group pay dividends? What is the dividend yield for Newmark Group?

Newmark Group declared a quarterly dividend on Wednesday, February 21st. Stockholders of record on Friday, March 8th will be given a dividend of $0.03 per share on Friday, March 22nd. This represents a $0.12 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Thursday, March 7th. Read our dividend analysis for NMRK .

Is Newmark Group a good dividend stock?

Newmark Group (NASDAQ:NMRK) pays an annual dividend of $0.12 per share and currently has a dividend yield of 1.25%. 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 .

What ETFs hold Newmark Group's stock?

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) .

What guidance has Newmark Group issued on next quarter's earnings?

Newmark Group updated its FY 2024 earnings guidance on Thursday, February, 22nd. The company provided earnings per share guidance of 1.100-1.150 for the period, compared to the consensus earnings per share 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.

What is Barry M. Gosin's approval rating as Newmark Group's CEO?

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.

What other stocks do shareholders of Newmark Group own?

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) .

When did Newmark Group IPO?

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) served as the underwriters for the IPO and Sandler O’Neill + Partners, Raymond James, Regions Securities, CastleOak Securities and Wedbush Securities were co-managers.

Who are Newmark Group's major shareholders?

Newmark Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.02%), Diversified Trust Co (0.01%) and Riverview Trust Co (0.00%). View institutional ownership trends .

How do I buy shares of Newmark Group?

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. Compare Top Brokerages Here .

NASDAQ:NMRK

Newmark Group (NMRK) Stock Price, News & Analysis

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$9.64

+0.13 (+1.37%)

(As of 04/18/2024 ET)

Compare

Today's Range: $9.52
▼
$9.79
50-Day Range: $9.51
▼
$11.33
52-Week Range: $5.07
▼
$11.51

Volume: 585,787 shs
Average Volume: 1.05 million shs
Market Capitalization: $1.66 billion

P/E Ratio: 38.56
Dividend Yield: 1.24%
Price Target: $12.13

Get Newmark Group alerts:

Newmark Group MarketRank™ Stock Analysis

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 25.8% Upside
$12.13 Price Target
Short Interest: Healthy
2.57% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.87
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 19.64%
From $1.12 to $1.34 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.60 out of 5 stars

Finance Sector

143rd out of 823 stocks

Real Estate Agents & Managers Industry

1st out of 15 stocks

3.2

Analyst's Opinion

Consensus Rating
Newmark Group has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Newmark Group has only been the subject of 2 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.57% of the float of Newmark Group has been sold short.
Short Interest Ratio / Days to Cover
Newmark Group has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Newmark Group has recently decreased by 10.25%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Newmark Group pays a meaningful dividend of 1.25%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Newmark Group does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Newmark Group is 48.00%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Newmark Group will have a dividend payout ratio of 8.96% next year. This indicates that Newmark Group will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NMRK.

3.3

News and Social Media Coverage

News Sentiment
Newmark Group has a news sentiment score of 0.87. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Newmark Group this week, compared to 3 articles on an average week.
MarketBeat Follows
6 people have added Newmark Group to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Newmark Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
31.80% of the stock of Newmark Group is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
58.42% of the stock of Newmark Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Newmark Group are expected to grow by 19.64% in the coming year, from $1.12 to $1.34 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Newmark Group is 38.56, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.94.
Price to Earnings Ratio vs. Sector
The P/E ratio of Newmark Group is 38.56, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 60.02.
Price to Book Value per Share Ratio
Newmark Group has a P/B Ratio of 1.06. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Newmark Group Stock (NASDAQ:NMRK)

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. It also provides tenant representation leasing; and global corporate services consisting of workplace and occupancy strategy, energy and sustainability services, technology, project management, real estate and lease administration, and facilities management. The company offers its services to commercial real estate tenants, investors, owners, occupiers, and developers; lenders; small and medium size businesses; and multi-national corporations. The company was formerly known as Newmark Grubb Knight Frank Capital Group and changed its name to Newmark Group, Inc. in October 2017. Newmark Group, Inc. was founded in 1929 and is based in New York, New York. Newmark Group, Inc. is a subsidiary of Cantor Fitzgerald, L.P.

NMRK Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NMRK Stock News Headlines

April 17, 2024 | morningstar.com

Newmark Group Inc Class A

April 13, 2024 | nasdaq.com

How To YieldBoost Newmark Group To 12.2% Using Options

April 18, 2024 | Paradigm Press (Ad)

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April 13, 2024 | finance.yahoo.com

Newmark Group, Inc.'s (NASDAQ:NMRK) Intrinsic Value Is Potentially 99% Above Its Share Price

April 9, 2024 | finance.yahoo.com

Newmark Group's First Quarter 2024 Financial Results Announcement to be Issued Prior to Market Open on Friday, May 3, 2024

April 9, 2024 | prnewswire.com

Newmark Group's First Quarter 2024 Financial Results Announcement to be Issued Prior to Market Open on Friday, May 3, 2024

April 7, 2024 | cnn.com

Newmark Group, Inc. Class A

April 4, 2024 | bizjournals.com

More brokers leave Newmark Zimmer, which cites remaining employee

April 18, 2024 | Paradigm Press (Ad)

Forget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THIS

March 28, 2024 | prnewswire.com

Newmark Announces Expansion of Retail Capital Markets Team; Hires Industry Expert Conor Lalor to Lead

March 26, 2024 | prnewswire.com

Newmark's Data Visualization Technology and Service, Newlitic™, Receives ISO/IEC 27001 Certification

March 26, 2024 | finance.yahoo.com

The Office Market Is in Turmoil. So Why Are Rents More Expensive?

March 22, 2024 | markets.businessinsider.com

Piper Sandler Keeps Their Buy Rating on Newmark Group (NMRK)

March 14, 2024 | finance.yahoo.com

ExcessSpace Retained by Party City to Execute Site Selection and Lease Renewal Programs Nationwide

March 11, 2024 | finanznachrichten.de

Newmark Group, Inc.: Newmark Launches Paris Office, Bolstering Global Expansion with Key Talent Additions

March 11, 2024 | prnewswire.com

Newmark Launches Paris Office, Bolstering Global Expansion with Key Talent Additions

March 6, 2024 | finance.yahoo.com

BitOoda and Newmark Enter into Partnership in Data Center and Digital Infrastructure

March 5, 2024 | finance.yahoo.com

It’s Commercial Real Estate's Busiest Era of Big-Name Turnover in 20 Years

February 28, 2024 | finance.yahoo.com

Newmark Named on IAOP's 2024 Global Outsourcing 100® for the 15th Consecutive Year

February 27, 2024 | finance.yahoo.com

Newmark CEO: Here’s Why We Beat Other Brokerages on Talent

February 26, 2024 | seekingalpha.com

Newmark Group: Recovery Is In Progress

February 25, 2024 | msn.com

Newmark Group (NMRK) Declares $0.03 Dividend

February 23, 2024 | finance.yahoo.com

Newmark Group, Inc. (NASDAQ:NMRK) Q4 2023 Earnings Call Transcript

February 23, 2024 | finance.yahoo.com

Q4 2023 Newmark Group Inc Earnings Call

February 22, 2024 | seekingalpha.com

Newmark Group, Inc. 2023 Q4 - Results - Earnings Call Presentation

February 22, 2024 | finanznachrichten.de

Newmark Group, Inc.: Newmark Group Reports Fourth Quarter and Full Year 2023 Financial Results

February 22, 2024 | markets.businessinsider.com

Newmark Group Inc. Q4 Profit Increases, but misses estimates

See More Headlines

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Company Calendar

Last Earnings: 2/22/2024
Ex-Dividend for 3/22 Dividend: 3/07/2024
Dividend Payable: 3/22/2024
Today: 4/18/2024
Next Earnings (Confirmed): 5/03/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: Real estate agents & managers
Sub-Industry: N/A
Current Symbol: NASDAQ:NMRK
CUSIP: N/A
CIK: 1690680
Web: www.ngkf.com
Phone: (212) 372-2000
Fax: N/A
Employees: 7,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $12.13
High Stock Price Target: $13.00
Low Stock Price Target: $11.25
Potential Upside/Downside: +25.8%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.25
Trailing P/E Ratio: 38.56
Forward P/E Ratio: 8.61
P/E Growth: N/A
Net Income: $42.58 million
Net Margins: 1.72%
Pretax Margin: 4.19%
Return on Equity: 17.03%
Return on Assets: 5.66%

Debt

Debt-to-Equity Ratio: 0.35
Current Ratio: 0.59
Quick Ratio: 0.59

Sales & Book Value

Annual Sales: $2.47 billion
Price / Sales: 0.67
Cash Flow: $2.99 per share
Price / Cash Flow: 3.22
Book Value: $9.08 per share
Price / Book: 1.06

Miscellaneous

Outstanding Shares: 172,670,000
Free Float: 117,761,000
Market Cap: $1.66 billion
Optionable: Optionable
Beta: 1.97

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Key Executives

Mr. Howard W. Lutnick (Age 62)
Executive Chairman & PEO
Comp: $20M
Mr. Barry M. Gosin (Age 73)
Chief Executive Officer
Comp: $2.61M
Mr. Michael J. Rispoli CPA (Age 52)
Chief Financial Officer
Comp: $1.35M
Mr. Stephen Marcus Merkel (Age 65)
Executive VP, Chief Legal Officer & Assistant Corporate Secretary
Comp: $1.5M
Mr. James D. Kuhn FRICS
President & Head of Investor Services
Mr. Sridhar Potineni
Chief Information Officer
Mr. Roger Ethan Anscher J.D.
Chief Administrative Officer
Mr. Jason A. McGruder
Head of Investor Relations
Ms. Angie Leccese
Chief Marketing Officer
Ms. Karen Mitchell
Chief Human Resources Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

NMRK Stock Analysis - Frequently Asked Questions

Should I buy or sell Newmark Group stock right now?: 3 Wall Street equities 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 equities 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.
View NMRK analyst ratings or view top-rated stocks.
What is Newmark Group's stock price target for 2024?: 3 brokers have issued 1 year price targets for Newmark Group's shares. Their NMRK share price targets range from $11.25 to $13.00. On average, they expect the company's stock price to reach $12.13 in the next twelve months. This suggests a possible upside of 25.8% from the stock's current price.
View analysts price targets for NMRK or view top-rated stocks among Wall Street analysts.
How have NMRK shares performed in 2024?: Newmark Group's stock was trading at $10.96 at the beginning of the year. Since then, NMRK shares have decreased by 12.0% and is now trading at $9.64.
View the best growth stocks for 2024 here.
When is Newmark Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024.
View our NMRK earnings forecast.
How can I listen to Newmark Group's earnings call?: 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.
How were Newmark Group's earnings last quarter?: Newmark Group, Inc. (NASDAQ:NMRK) issued 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 business had revenue of $747.70 million for the quarter, compared to analyst estimates of $743.53 million. Newmark Group had a net margin of 1.72% and a trailing twelve-month return on equity of 17.03%. During the same quarter in the previous year, the company posted $0.32 EPS.
How often does Newmark Group pay dividends? What is the dividend yield for Newmark Group?: Newmark Group declared a quarterly dividend on Wednesday, February 21st. Stockholders of record on Friday, March 8th will be given a dividend of $0.03 per share on Friday, March 22nd. This represents a $0.12 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Thursday, March 7th.
Read our dividend analysis for NMRK.
Is Newmark Group a good dividend stock?: Newmark Group (NASDAQ:NMRK) pays an annual dividend of $0.12 per share and currently has a dividend yield of 1.25%. 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.

What ETFs hold Newmark Group's stock?: 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).
What guidance has Newmark Group issued on next quarter's earnings?: Newmark Group updated its FY 2024 earnings guidance on Thursday, February, 22nd. The company provided earnings per share guidance of 1.100-1.150 for the period, compared to the consensus earnings per share 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.
What is Barry M. Gosin's approval rating as Newmark Group's CEO?: 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.
What other stocks do shareholders of Newmark Group own?: 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).
When did Newmark Group IPO?: 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) served as the underwriters for the IPO and Sandler O’Neill + Partners, Raymond James, Regions Securities, CastleOak Securities and Wedbush Securities were co-managers.
Who are Newmark Group's major shareholders?: Newmark Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.02%), Diversified Trust Co (0.01%) and Riverview Trust Co (0.00%).
View institutional ownership trends.
How do I buy shares of Newmark Group?: 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.
Compare Top Brokerages Here.

This page (NASDAQ:NMRK) was last updated on 4/18/2024 by MarketBeat.com Staff

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