Wall Street brokerages expect Newmark Group Inc (NASDAQ:NMRK) to post earnings of $0.61 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Newmark Group’s earnings, with the highest EPS estimate coming in at $0.62 and the lowest estimate coming in at $0.61. The firm is scheduled to issue its next quarterly earnings results on Thursday, November 1st.

On average, analysts expect that Newmark Group will report full year earnings of $1.53 per share for the current year, with EPS estimates ranging from $1.50 to $1.58. For the next year, analysts expect that the business will report earnings of $1.72 per share, with EPS estimates ranging from $1.70 to $1.75. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Newmark Group.

Newmark Group (NASDAQ:NMRK) last issued its earnings results on Thursday, August 2nd. The company reported $0.25 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. The business had revenue of $466.62 million for the quarter, compared to analyst estimates of $472.50 million.

Separately, Zacks Investment Research raised Newmark Group from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Wednesday, June 20th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Newmark Group currently has an average rating of “Buy” and a consensus price target of $19.21.

Several institutional investors have recently added to or reduced their stakes in the company. First Republic Investment Management Inc. increased its stake in shares of Newmark Group by 54.1% in the second quarter. First Republic Investment Management Inc. now owns 21,569 shares of the company’s stock valued at $307,000 after buying an additional 7,569 shares during the period. Stifel Financial Corp increased its stake in shares of Newmark Group by 4.8% in the first quarter. Stifel Financial Corp now owns 169,426 shares of the company’s stock valued at $2,575,000 after buying an additional 7,803 shares during the period. Citigroup Inc. acquired a new position in shares of Newmark Group in the first quarter valued at approximately $147,000. Canandaigua National Bank & Trust Co. acquired a new position in shares of Newmark Group in the second quarter valued at approximately $149,000. Finally, PNC Financial Services Group Inc. acquired a new position in shares of Newmark Group in the first quarter valued at approximately $183,000. 13.95% of the stock is owned by institutional investors.

Shares of NASDAQ NMRK opened at $11.38 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a market cap of $1.76 billion and a price-to-earnings ratio of 9.90. Newmark Group has a 12 month low of $10.67 and a 12 month high of $16.98.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 5th. Stockholders of record on Monday, August 20th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend was Friday, August 17th. Newmark Group’s dividend payout ratio is currently 31.30%.

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 Berkeley Point and NKF Capital Markets names.

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Earnings History and Estimates for Newmark Group (NASDAQ:NMRK)

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