Newmark Group (NMRK) to Release Earnings on Tuesday

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

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

NMRK opened at $14.63 on Monday. The firm’s 50 day moving average is $14.77 and its 200-day moving average is $12.25. Newmark Group has a 52-week low of $6.51 and a 52-week high of $16.10. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $2.51 billion, a P/E ratio of 56.27 and a beta of 2.01.

Analyst Ratings Changes

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

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.