Marcus & Millichap (NYSE:MMI) Announces Earnings Results

Marcus & Millichap (NYSE:MMI) released its earnings results on Thursday. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49, RTT News reports. Marcus & Millichap had a return on equity of 20.13% and a net margin of 10.35%. The firm had revenue of $198.20 million during the quarter, compared to analysts’ expectations of $207.27 million. During the same quarter last year, the business posted $0.53 earnings per share. The firm’s revenue was down 5.9% on a year-over-year basis.

Shares of NYSE:MMI traded down $2.76 during trading on Friday, hitting $33.75. 675,200 shares of the company’s stock were exchanged, 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. Marcus & Millichap has a 52-week low of $27.84 and a 52-week high of $43.50. The business’s 50-day simple moving average is $35.61 and its 200 day simple moving average is $34.49. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 3.14 and a beta of 1.20.

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

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

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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