Newmark Group (NMRK) to Release Earnings on Tuesday

Newmark Group (NASDAQ:NMRK) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, November 5th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Newmark Group (NASDAQ:NMRK) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. Newmark Group had a return on equity of 17.78% and a net margin of 1.75%. The business had revenue of $633.40 million for the quarter, compared to the consensus estimate of $630.27 million. During the same period last year, the business earned $0.18 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. 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 Trading Down 2.4 %

Shares of NMRK stock opened at $14.63 on Friday. The business’s 50 day moving average is $14.77 and its two-hundred day moving average is $12.23. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.49. Newmark Group has a 12 month low of $6.51 and a 12 month high of $16.10. The company has a market cap of $2.51 billion, a PE ratio of 56.27 and a beta of 2.01.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Piper Sandler boosted their target price on shares of Newmark Group from $13.00 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. Keefe, Bruyette & Woods upgraded Newmark Group from a “market perform” rating to an “outperform” rating and increased their target price for the company from $13.50 to $16.50 in a research note on Thursday, September 5th. Finally, Wolfe Research raised Newmark Group from a “peer perform” rating to an “outperform” rating and set a $15.00 price target on the stock in a research report on Friday, August 16th.

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.