Zacks Investment Research Lowers Newmark Group (NASDAQ:NMRK) to Hold

Share on StockTwits

Zacks Investment Research cut shares of Newmark Group (NASDAQ:NMRK) from a buy rating to a hold rating in a research note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Newmark Group, Inc. operates as a commercial real estate advisory firm. The Company offers services and products which includes investment sales, debt and structured finance and loan sales, agency leasing, property management, valuation and advisory and loan servicing. Newmark Group, Inc. is based in New York, United States. “

NASDAQ NMRK opened at $9.76 on Wednesday. Newmark Group has a 52 week low of $7.02 and a 52 week high of $14.68. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.60. The company has a market cap of $1.72 billion, a PE ratio of 6.42, a price-to-earnings-growth ratio of 0.70 and a beta of 1.17. The stock has a 50-day moving average price of $8.72.

Newmark Group (NASDAQ:NMRK) last posted its earnings results on Thursday, May 9th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02). Newmark Group had a return on equity of 41.41% and a net margin of 4.86%. The firm had revenue of $447.70 million during the quarter, compared to the consensus estimate of $476.72 million. During the same quarter last year, the company posted $0.19 EPS. Newmark Group’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, equities research analysts anticipate that Newmark Group will post 1.63 earnings per share for the current year.

In other news, CEO Barry M. Gosin bought 561,084 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was purchased at an average price of $7.71 per share, for a total transaction of $4,325,957.64. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 90.95% of the stock is currently owned by corporate insiders.

Newmark Group Company Profile

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.

Further Reading: Different Types of Derivatives

Get a free copy of the Zacks research report on Newmark Group (NMRK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Newmark Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newmark Group and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.