Newmark Group (NMRK) Scheduled to Post Quarterly Earnings on Wednesday

Newmark Group (NASDAQ:NMRK) is scheduled to be announcing its earnings results before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.57 per share for the quarter. Newmark Group has set its FY19 guidance at $1.60-1.70 EPS.Investors that wish to register for the company’s conference call can do so using this link.

Newmark Group (NASDAQ:NMRK) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.28 by $0.02. Newmark Group had a net margin of 5.69% and a return on equity of 40.30%. The firm had revenue of $551.50 million during the quarter, compared to the consensus estimate of $513.63 million. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. On average, analysts expect Newmark Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NMRK stock opened at $9.92 on Wednesday. The company has a fifty day moving average price of $9.29 and a 200 day moving average price of $8.90. Newmark Group has a 12 month low of $7.02 and a 12 month high of $11.17. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 6.53, a price-to-earnings-growth ratio of 0.67 and a beta of 1.24. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.46 and a quick ratio of 0.46.

Several analysts recently commented on NMRK shares. Compass Point started coverage on shares of Newmark Group in a research report on Wednesday, July 10th. They issued a “buy” rating and a $14.00 price target for the company. Zacks Investment Research downgraded shares of Newmark Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. ValuEngine upgraded shares of Newmark Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Bank of America assumed coverage on shares of Newmark Group in a research report on Friday, October 18th. They issued a “buy” rating and a $15.00 price target for the company. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $14.60.

About Newmark Group

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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Earnings History for Newmark Group (NASDAQ:NMRK)

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