Newmark Group (NASDAQ:NMRK – Get Free Report) posted its earnings results on Friday. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01), Briefing.com reports. The firm had revenue of $546.50 million during 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 quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior 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 Trading Up 0.1 %
NMRK traded up $0.01 during trading on Friday, reaching $9.99. The company had a trading volume of 1,282,232 shares, compared to its average volume of 840,375. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.35. The business has a 50 day simple moving average of $10.46 and a 200-day simple moving average of $9.46. The stock has a market cap of $1.72 billion, a P/E ratio of 39.96 and a beta of 1.99. Newmark Group has a 52 week low of $5.07 and a 52 week high of $11.51.
Newmark Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a dividend of $0.03 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.12 annualized dividend and a yield of 1.20%. Newmark Group’s payout ratio is presently 48.00%.
Wall Street Analyst Weigh In
Check Out Our Latest Report on NMRK
About Newmark Group
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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