Newmark Group (NMRK) Expected to Announce Quarterly Earnings on Friday

Newmark Group (NASDAQ:NMRK) is projected to post its quarterly earnings results before the market opens on Friday, February 14th. Analysts expect Newmark Group to post earnings of $0.48 per share and revenue of $790.76 million for the quarter. Parties that are 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 Tuesday, November 5th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. The firm had revenue of $685.90 million for the quarter, compared to the consensus estimate of $682.07 million. Newmark Group had a net margin of 2.00% and a return on equity of 18.95%. The business’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 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 Down 1.6 %

Shares of NASDAQ NMRK opened at $13.92 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.42 and a quick ratio of 0.42. Newmark Group has a 1 year low of $9.44 and a 1 year high of $16.10. The stock has a market capitalization of $2.38 billion, a P/E ratio of 46.40 and a beta of 1.99. The company has a 50-day moving average price of $13.71 and a 200-day moving average price of $14.06.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. The Goldman Sachs Group began coverage on Newmark Group in a research note on Friday, December 6th. They issued a “buy” rating and a $19.00 price objective for the company. Wolfe Research lowered Newmark Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 25th.

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.