Equities research analysts expect Newmark Group Inc (NASDAQ:NMRK) to post $0.43 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for Newmark Group’s earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.41. Newmark Group posted earnings of $0.30 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 43.3%. The business is scheduled to report its next earnings report before the market opens on Tuesday, February 12th.

On average, analysts expect that Newmark Group will report full-year earnings of $1.50 per share for the current fiscal year, with EPS estimates ranging from $1.48 to $1.51. For the next year, analysts expect that the company will post earnings of $1.62 per share, with EPS estimates ranging from $1.60 to $1.65. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Newmark Group.

A number of research firms have recently weighed in on NMRK. Zacks Investment Research raised Newmark Group from a “sell” rating to a “hold” rating in a research note on Tuesday, January 1st. Raymond James cut their price target on Newmark Group from $20.00 to $18.00 and set an “outperform” rating for the company in a research note on Friday, October 26th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Newmark Group has a consensus rating of “Buy” and an average target price of $16.00.

In other news, CEO Barry M. Gosin purchased 306,429 shares of the business’s stock in a transaction dated Monday, December 10th. The stock was bought at an average cost of $8.59 per share, with a total value of $2,632,225.11. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Virginia S. Bauer purchased 10,000 shares of the business’s stock in a transaction dated Friday, December 7th. The shares were purchased at an average cost of $8.38 per share, with a total value of $83,800.00. The disclosure for this purchase can be found here. Insiders have bought a total of 419,225 shares of company stock valued at $3,666,888 over the last ninety days. Company insiders own 90.95% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wedbush Securities Inc. bought a new position in shares of Newmark Group in the 3rd quarter valued at approximately $124,000. JPMorgan Chase & Co. raised its stake in shares of Newmark Group by 148.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,490 shares of the company’s stock valued at $128,000 after acquiring an additional 6,860 shares in the last quarter. Great Lakes Advisors LLC bought a new position in shares of Newmark Group in the 3rd quarter valued at approximately $184,000. RBF Capital LLC bought a new position in shares of Newmark Group in the 3rd quarter valued at approximately $207,000. Finally, MetLife Investment Advisors LLC bought a new position in shares of Newmark Group in the 3rd quarter valued at approximately $214,000. 14.76% of the stock is owned by institutional investors.

Shares of NMRK traded up $0.05 during midday trading on Monday, reaching $10.74. 967,792 shares of the stock were exchanged, compared to its average volume of 1,031,055. Newmark Group has a 12-month low of $7.34 and a 12-month high of $16.10. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.42 and a quick ratio of 0.42. The company has a market capitalization of $1.65 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 0.66 and a beta of 1.28.

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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