Newmark Group Inc (NASDAQ:NMRK) – Equities research analysts at Wedbush lifted their Q1 2018 earnings per share estimates for Newmark Group in a research report issued on Monday. Wedbush analyst J. Weaver now expects that the company will post earnings per share of $0.31 for the quarter, up from their prior estimate of $0.23. Wedbush currently has a “Outperform” rating and a $20.00 price target on the stock. Wedbush also issued estimates for Newmark Group’s Q3 2018 earnings at $0.43 EPS, FY2018 earnings at $1.51 EPS, Q1 2019 earnings at $0.32 EPS, Q2 2019 earnings at $0.34 EPS, Q3 2019 earnings at $0.72 EPS, Q4 2019 earnings at $0.43 EPS and FY2019 earnings at $1.80 EPS.

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

Newmark Group (NASDAQ:NMRK) opened at $15.15 on Tuesday. Newmark Group has a 1-year low of $13.72 and a 1-year high of $16.98. The firm has a market capitalization of $2,290.00 and a PE ratio of 28.58.

Newmark Group (NASDAQ:NMRK) last released its quarterly earnings data on Friday, February 9th. The company reported $0.30 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. The business had revenue of $460.60 million for the quarter, compared to the consensus estimate of $428.10 million. During the same quarter last year, the firm earned $0.31 EPS.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zimmer Partners LP acquired a new position in shares of Newmark Group during the 4th quarter worth approximately $25,440,000. Millennium Management LLC acquired a new position in shares of Newmark Group during the 4th quarter worth approximately $3,097,000. Goldman Sachs Group Inc. acquired a new position in shares of Newmark Group during the 4th quarter worth approximately $3,825,000. Gratia Capital LLC acquired a new position in shares of Newmark Group during the 4th quarter worth approximately $20,652,000. Finally, Shellback Capital LP acquired a new position in shares of Newmark Group during the 4th quarter worth approximately $10,586,000. Hedge funds and other institutional investors own 0.43% of the company’s stock.

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About Newmark Group

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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