Newmark Group (NMRK) to Release Earnings on Friday

Newmark Group (NASDAQ:NMRK) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, May 3rd. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Newmark Group has set its FY 2024 guidance at 1.100-1.150 EPS.Parties interested in participating in the company’s conference call can do so using this link.

Newmark Group (NASDAQ:NMRK) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.46 EPS for the quarter, hitting analysts’ consensus estimates of $0.46. Newmark Group had a net margin of 1.72% and a return on equity of 17.03%. The firm had revenue of $747.70 million during the quarter, compared to the consensus estimate of $743.53 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. On average, analysts expect Newmark Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Newmark Group Stock Performance

Shares of NMRK opened at $9.66 on Friday. Newmark Group has a 1 year low of $5.07 and a 1 year high of $11.51. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 38.64 and a beta of 1.97. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a fifty day moving average of $10.57 and a 200-day moving average of $9.30.

Newmark Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Thursday, March 7th. Newmark Group’s dividend payout ratio (DPR) is 48.00%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NMRK. Keefe, Bruyette & Woods lifted their price objective on shares of Newmark Group from $11.00 to $11.25 and gave the company a “market perform” rating in a research note on Monday, February 26th. Piper Sandler reiterated an “overweight” rating and issued a $13.00 price target on shares of Newmark Group in a research report on Tuesday, March 26th.

About Newmark Group

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.