$0.42 Earnings Per Share Expected for Marcus & Millichap Inc (MMI) This Quarter
Brokerages expect that Marcus & Millichap Inc (NYSE:MMI) will report earnings per share (EPS) of $0.42 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Marcus & Millichap’s earnings, with estimates ranging from $0.40 to $0.43. Marcus & Millichap posted earnings per share of $0.44 during the same quarter last year, which would indicate a negative year over year growth rate of 4.5%. The company is expected to report its next quarterly earnings results on Thursday, March 8th.
On average, analysts expect that Marcus & Millichap will report full year earnings of $1.52 per share for the current fiscal year, with EPS estimates ranging from $1.50 to $1.53. For the next fiscal year, analysts forecast that the firm will report earnings of $1.64 per share, with EPS estimates ranging from $1.60 to $1.67. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Marcus & Millichap.
Marcus & Millichap (NYSE:MMI) last released its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.05. The business had revenue of $183.34 million during the quarter, compared to analysts’ expectations of $179.40 million. Marcus & Millichap had a return on equity of 21.37% and a net margin of 8.53%.
In other news, CFO Martin E. Louie sold 13,000 shares of Marcus & Millichap stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $32.00, for a total value of $416,000.00. Following the transaction, the chief financial officer now owns 62,518 shares in the company, valued at approximately $2,000,576. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Hessam Nadji sold 18,500 shares of Marcus & Millichap stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $30.40, for a total value of $562,400.00. Following the completion of the transaction, the chief executive officer now owns 303,923 shares in the company, valued at approximately $9,239,259.20. The disclosure for this sale can be found here. Insiders sold a total of 1,706,908 shares of company stock valued at $52,147,895 over the last ninety days. Insiders own 58.30% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Marcus & Millichap by 6.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,274,198 shares of the real estate investment trust’s stock valued at $33,588,000 after purchasing an additional 74,624 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Marcus & Millichap by 12.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 873,709 shares of the real estate investment trust’s stock valued at $23,581,000 after purchasing an additional 94,285 shares during the last quarter. Tributary Capital Management LLC increased its stake in shares of Marcus & Millichap by 9.7% in the 3rd quarter. Tributary Capital Management LLC now owns 558,106 shares of the real estate investment trust’s stock valued at $15,063,000 after purchasing an additional 49,425 shares during the last quarter. Granite Investment Partners LLC bought a new position in shares of Marcus & Millichap in the 3rd quarter valued at $14,391,000. Finally, State Street Corp increased its stake in shares of Marcus & Millichap by 8.1% in the 2nd quarter. State Street Corp now owns 273,854 shares of the real estate investment trust’s stock valued at $7,218,000 after purchasing an additional 20,583 shares during the last quarter. Institutional investors own 41.34% of the company’s stock.
Marcus & Millichap (MMI) traded down $0.31 during trading hours on Wednesday, reaching $32.07. The company had a trading volume of 115,873 shares, compared to its average volume of 118,513. The firm has a market cap of $1,230.00, a PE ratio of 20.82, a P/E/G ratio of 3.30 and a beta of 1.59. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.62 and a current ratio of 4.62. Marcus & Millichap has a 1-year low of $23.22 and a 1-year high of $33.30.
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Marcus & Millichap Company Profile
Marcus & Millichap, Inc is a brokerage company specializing in commercial real estate investment sales, financing, research and advisory services. The Company offers three primary services to its clients: commercial real estate investment brokerage, financing, and ancillary services, including other research, advisory and consulting services.
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