Analysts Expect Newmark Group Inc (NASDAQ:NMRK) to Announce $0.28 Earnings Per Share
Wall Street brokerages expect Newmark Group Inc (NASDAQ:NMRK) to report earnings of $0.28 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Newmark Group’s earnings. The highest EPS estimate is $0.29 and the lowest is $0.27. Newmark Group reported earnings of $0.25 per share in the same quarter last year, which suggests a positive year over year growth rate of 12%. The firm is expected to report its next quarterly earnings results before the market opens on Thursday, August 1st.
On average, analysts expect that Newmark Group will report full-year earnings of $1.63 per share for the current financial year, with EPS estimates ranging from $1.60 to $1.65. For the next financial year, analysts anticipate that the firm will report earnings of $1.73 per share, with EPS estimates ranging from $1.70 to $1.77. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Newmark Group.
Newmark Group (NASDAQ:NMRK) last announced its earnings results on Thursday, May 9th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02). The business had revenue of $447.70 million during the quarter, compared to analyst estimates of $476.72 million. Newmark Group had a return on equity of 41.41% and a net margin of 4.86%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.19 earnings per share.
NASDAQ:NMRK traded up $0.06 during trading hours on Friday, hitting $10.00. 23,298 shares of the stock were exchanged, compared to its average volume of 713,070. The company’s 50 day moving average is $8.84. Newmark Group has a twelve month low of $7.02 and a twelve month high of $14.68. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.43 and a quick ratio of 0.43. The firm has a market capitalization of $1.78 billion, a P/E ratio of 6.56, a P/E/G ratio of 0.72 and a beta of 1.17.
In other news, CEO Barry M. Gosin acquired 561,084 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were acquired at an average cost of $7.71 per share, with a total value of $4,325,957.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 90.95% of the stock is currently owned by company insiders.
Newmark Group Company Profile
Newmark Group, Inc provides commercial real estate services in the United States and internationally. Its investor/owner services and products include capital markets, such as investment sales; and agency leasing, property management, valuation and advisory, and diligence and underwriting, as well as government sponsored enterprise lending, loan servicing, debt and structured finance, and loan sales under the Newmark Knight Frank name.
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