Newmark Group (NMRK) Releases FY18 Earnings Guidance

Newmark Group (NASDAQ:NMRK) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.40-1.60 for the period, compared to the Thomson Reuters consensus estimate of $1.52. The company issued revenue guidance of $1.9-2.05 billion, compared to the consensus revenue estimate of $1.96 billion.

NASDAQ NMRK traded up $0.01 during trading on Wednesday, reaching $11.09. The company’s stock had a trading volume of 228,800 shares, compared to its average volume of 388,485. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $1.78 billion and a PE ratio of 9.70. Newmark Group has a 1-year low of $10.67 and a 1-year high of $16.98.

Newmark Group (NASDAQ:NMRK) last posted its earnings results on Thursday, August 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.25. The business had revenue of $466.62 million during the quarter, compared to analyst estimates of $472.50 million. equities analysts anticipate that Newmark Group will post 1.53 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 5th. Shareholders of record on Monday, August 20th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date was Friday, August 17th. Newmark Group’s dividend payout ratio (DPR) is presently 31.30%.

Separately, Zacks Investment Research upgraded shares of 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Newmark Group presently has a consensus rating of Buy and an average target price of $19.21.

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 Berkeley Point and NKF Capital Markets names.

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

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