Newmark Group (NMRK) Scheduled to Post 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. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Newmark Group (NASDAQ:NMRK) last released its earnings results on Friday, August 2nd. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.21 by $0.01. Newmark Group had a net margin of 1.75% and a return on equity of 17.78%. The firm had revenue of $633.40 million during the quarter, compared to analysts’ expectations of $630.27 million. During the same period in the previous year, the company earned $0.18 EPS. Newmark Group’s revenue for the quarter was up 8.1% on a year-over-year basis. 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 Newmark Group stock opened at $14.63 on Monday. Newmark Group has a fifty-two week low of $6.51 and a fifty-two week high of $16.10. The business’s fifty day moving average is $14.77 and its two-hundred day moving average is $12.25. 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 cap of $2.51 billion, a PE ratio of 56.27 and a beta of 2.01.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NMRK. Keefe, Bruyette & Woods raised Newmark Group from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $13.50 to $16.50 in a research note on Thursday, September 5th. Wolfe Research raised shares of 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 upped their price target 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.

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.