Newmark Group (NASDAQ:NMRK – Get Free Report) released its quarterly earnings data on Friday. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01), Briefing.com reports. The firm had revenue of $546.50 million for the quarter, compared to analysts’ expectations of $526.07 million. Newmark Group had a return on equity of 17.03% and a net margin of 1.72%. Newmark Group’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $0.15 earnings per share. Newmark Group updated its FY 2024 guidance to 1.100-1.150 EPS and its FY 2026 guidance to EPS.
Newmark Group Stock Up 0.1 %
NASDAQ:NMRK traded up $0.01 during midday trading on Friday, hitting $9.99. 1,282,232 shares of the company were exchanged, compared to its average volume of 840,375. The company has a fifty day simple moving average of $10.46 and a 200 day simple moving average of $9.46. Newmark Group has a fifty-two week low of $5.07 and a fifty-two week high of $11.51. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $1.72 billion, a PE ratio of 39.96 and a beta of 1.99.
Newmark Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.12 annualized dividend and a yield of 1.20%. Newmark Group’s dividend payout ratio is currently 48.00%.
Analyst Upgrades and Downgrades
View Our Latest Research Report on Newmark Group
Newmark Group Company Profile
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.
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