Newmark Group (NMRK) to Release Quarterly Earnings on Friday

Newmark Group (NASDAQ:NMRK) is projected to release its earnings data before the market opens on Friday, February 14th. Analysts expect Newmark Group to post earnings of $0.48 per share and revenue of $790.76 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Newmark Group Stock Performance

Newmark Group stock opened at $13.63 on Thursday. The business has a 50 day moving average of $13.58 and a 200-day moving average of $14.11. The company has a market capitalization of $2.33 billion, a P/E ratio of 45.43 and a beta of 1.99. Newmark Group has a 1 year low of $9.44 and a 1 year high of $16.10. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.42 and a quick ratio of 0.42.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NMRK. Wolfe Research lowered shares of Newmark Group from an “outperform” rating to a “peer perform” rating in a report on Monday, November 25th. The Goldman Sachs Group began coverage on Newmark Group in a report on Friday, December 6th. They set a “buy” rating and a $19.00 target price on the stock.

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.