Analysts predict that Marcus & Millichap Inc (NYSE:MMI) will report earnings of $0.43 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Marcus & Millichap’s earnings. The lowest EPS estimate is $0.41 and the highest is $0.44. Marcus & Millichap posted earnings per share of $0.56 in the same quarter last year, which suggests a negative year-over-year growth rate of 23.2%. The business is expected to issue its next earnings results on Tuesday, August 6th.
On average, analysts expect that Marcus & Millichap will report full-year earnings of $1.86 per share for the current year, with EPS estimates ranging from $1.80 to $1.92. For the next financial year, analysts forecast that the business will report earnings of $2.09 per share, with EPS estimates ranging from $1.93 to $2.24. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Marcus & Millichap.
Marcus & Millichap (NYSE:MMI) last posted its quarterly earnings results on Tuesday, May 7th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.02). Marcus & Millichap had a return on equity of 21.53% and a net margin of 10.60%. The company had revenue of $160.70 million during the quarter, compared to analyst estimates of $178.13 million. During the same period last year, the company posted $0.46 earnings per share. The company’s revenue was down 7.9% compared to the same quarter last year.
In related news, VP Mitchell R. Labar sold 10,586 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $31.24, for a total value of $330,706.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 41.70% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in MMI. Comerica Bank bought a new stake in Marcus & Millichap during the fourth quarter valued at about $861,000. Oregon Public Employees Retirement Fund bought a new stake in Marcus & Millichap during the fourth quarter valued at about $278,000. First Trust Advisors LP boosted its holdings in Marcus & Millichap by 39.7% during the fourth quarter. First Trust Advisors LP now owns 66,111 shares of the real estate investment trust’s stock valued at $2,270,000 after acquiring an additional 18,780 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Marcus & Millichap by 1.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 20,079 shares of the real estate investment trust’s stock valued at $689,000 after acquiring an additional 376 shares during the period. Finally, BlackRock Inc. boosted its holdings in Marcus & Millichap by 81.3% during the fourth quarter. BlackRock Inc. now owns 3,756,301 shares of the real estate investment trust’s stock valued at $128,953,000 after acquiring an additional 1,684,313 shares during the period. Institutional investors own 57.45% of the company’s stock.
Shares of NYSE MMI traded down $0.04 during mid-day trading on Friday, reaching $31.49. The company had a trading volume of 208 shares, compared to its average volume of 219,188. Marcus & Millichap has a twelve month low of $29.49 and a twelve month high of $43.50. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.64 and a quick ratio of 4.64. The firm has a market capitalization of $1.23 billion, a PE ratio of 14.16, a PEG ratio of 2.82 and a beta of 1.33. The stock has a 50 day simple moving average of $30.90.
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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