Newmark Group (NASDAQ:NMRK) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Newmark Group (NASDAQ:NMRK) issued its quarterly earnings results on Friday. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.07, Briefing.com reports. The company had revenue of $888.30 million for the quarter, compared to analysts’ expectations of $790.76 million. Newmark Group had a return on equity of 18.95% and a net margin of 2.00%. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.46 earnings per share. Newmark Group updated its FY 2025 guidance to 1.400-1.500 EPS and its FY25 guidance to $1.40-1.50 EPS.

Newmark Group Stock Up 11.0 %

Shares of NASDAQ:NMRK traded up $1.53 on Friday, hitting $15.35. 1,123,108 shares of the company traded hands, compared to its average volume of 912,483. The company has a market cap of $2.63 billion, a PE ratio of 51.13 and a beta of 1.99. The stock has a 50 day simple moving average of $13.51 and a 200-day simple moving average of $14.11. Newmark Group has a 52 week low of $9.44 and a 52 week high of $16.10. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.52.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Newmark Group in a research note on Friday, December 6th. They issued a “buy” rating and a $19.00 price target for the company. Wolfe Research downgraded shares of Newmark Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, November 25th.

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.