Marcus & Millichap (NYSE:MMI) Announces Quarterly Earnings Results, Meets Expectations

Marcus & Millichap (NYSE:MMI) announced its quarterly earnings data on Thursday. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49, RTT News reports. Marcus & Millichap had a net margin of 10.35% and a return on equity of 20.13%. The company had revenue of $198.20 million during the quarter, compared to analysts’ expectations of $207.27 million. During the same quarter in the prior year, the company earned $0.53 EPS. Marcus & Millichap’s revenue was down 5.9% compared to the same quarter last year.

NYSE MMI traded down $2.76 during trading hours on Friday, hitting $33.75. 675,200 shares of the company’s stock traded hands, compared to its average volume of 197,423. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.36 and a quick ratio of 4.36. The company has a market capitalization of $1.43 billion, a PE ratio of 15.20, a PEG ratio of 3.14 and a beta of 1.20. The firm’s 50-day moving average is $35.61 and its 200-day moving average is $34.49. Marcus & Millichap has a 52-week low of $27.84 and a 52-week high of $43.50.

In other Marcus & Millichap news, CEO Hessam Nadji sold 11,000 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $36.25, for a total value of $398,750.00. Following the transaction, the chief executive officer now directly owns 251,792 shares in the company, valued at approximately $9,127,460. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 41.70% of the company’s stock.

MMI has been the subject of several research reports. ValuEngine raised shares of Marcus & Millichap from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Zacks Investment Research cut shares of Marcus & Millichap from a “buy” rating to a “hold” rating in a research note on Wednesday.

Marcus & Millichap Company Profile

Marcus & Millichap, Inc, a brokerage company, provides real estate investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada. The company offers commercial real estate investment sales, financing, research, and advisory services for multifamily, retail, office, and industrial properties, as well as hospitality, self-storage, seniors housing, land, and manufactured housing properties.

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Earnings History for Marcus & Millichap (NYSE:MMI)

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