Q2 2018 EPS Estimates for Newmark Group Inc (NMRK) Lifted by Analyst

Newmark Group Inc (NASDAQ:NMRK) – Equities researchers at Wedbush boosted their Q2 2018 earnings per share estimates for Newmark Group in a report released on Monday. Wedbush analyst J. Weaver now anticipates that the company will earn $0.48 per share for the quarter, up from their prior forecast of $0.30. Wedbush has a “Outperform” rating and a $20.00 price objective on the stock. Wedbush also issued estimates for Newmark Group’s Q4 2018 earnings at $0.30 EPS.

Several other research firms also recently commented on NMRK. Raymond James Financial assumed coverage on Newmark Group in a research report on Tuesday, February 6th. They issued an “outperform” rating and a $21.00 target price for the company. Sandler O’Neill assumed coverage on Newmark Group in a research report on Tuesday, January 9th. They issued a “buy” rating and a $18.50 target price for the company. Bank of America assumed coverage on Newmark Group in a research report on Tuesday, January 9th. They issued a “buy” rating and a $20.00 target price for the company. Keefe, Bruyette & Woods began coverage on Newmark Group in a research report on Tuesday, January 9th. They issued a “market perform” rating and a $17.00 target price for the company. Finally, Goldman Sachs Group began coverage on Newmark Group in a research note on Tuesday, January 9th. They issued a “buy” rating and a $24.00 price target for the company. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Newmark Group has an average rating of “Buy” and a consensus target price of $20.08.

Newmark Group (NMRK) opened at $15.30 on Wednesday. Newmark Group has a 1 year low of $13.72 and a 1 year high of $16.98.

Newmark Group (NASDAQ:NMRK) last posted its earnings results on Friday, February 9th. The company reported $0.30 EPS for the quarter, meeting the consensus estimate of $0.30. The firm had revenue of $460.60 million during the quarter, compared to the consensus estimate of $428.10 million. During the same quarter in the prior year, the business posted $0.31 earnings per share.

Several hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN acquired a new stake in shares of Newmark Group in the fourth quarter valued at about $153,000. Brown Advisory Inc. acquired a new stake in shares of Newmark Group in the fourth quarter valued at about $210,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Newmark Group in the fourth quarter valued at about $239,000. Geode Capital Management LLC acquired a new stake in shares of Newmark Group in the fourth quarter valued at about $397,000. Finally, Emerald Advisers Inc. PA acquired a new stake in shares of Newmark Group in the fourth quarter valued at about $1,368,000. 0.43% of the stock is owned by institutional investors.

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Newmark Group Company Profile

Newmark Group, Inc is a commercial real estate services company. The Company is focused on offering products and services to both owners and occupiers across the entire commercial real estate industry. Its investor/owner services and products include capital markets, which consists of investment sales, debt and structured finance and loan sales, agency leasing, property management, valuation and advisory, diligence and underwriting and government-sponsored enterprise lending and loan servicing.

Earnings History and Estimates for Newmark Group (NASDAQ:NMRK)

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