Brokerages expect that Marcus & Millichap Inc (NYSE:MMI) will report $0.42 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Marcus & Millichap’s earnings. The highest EPS estimate is $0.43 and the lowest is $0.40. Marcus & Millichap reported earnings per share of $0.44 during the same quarter last year, which indicates a negative year over year growth rate of 4.5%. The business is scheduled to report its next earnings report on Thursday, March 8th.

On average, analysts expect that Marcus & Millichap will report full year earnings of $1.52 per share for the current year, with EPS estimates ranging from $1.50 to $1.53. For the next fiscal year, analysts anticipate that the business will report earnings of $1.64 per share, with EPS estimates ranging from $1.60 to $1.67. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Marcus & Millichap.

A number of research firms have weighed in on MMI. Zacks Investment Research raised shares of Marcus & Millichap from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Wednesday, November 22nd. Citigroup raised shares of Marcus & Millichap from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 14th. Finally, Wells Fargo & Co reissued a “market perform” rating and issued a $31.00 price objective (up from $25.00) on shares of Marcus & Millichap in a research report on Wednesday, November 8th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $33.00.

In other news, SVP William E. Hughes sold 6,000 shares of the stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $28.00, for a total transaction of $168,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP William E. Hughes sold 2,199 shares of the stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $27.99, for a total transaction of $61,550.01. Following the transaction, the senior vice president now directly owns 40,540 shares in the company, valued at approximately $1,134,714.60. The disclosure for this sale can be found here. Insiders have sold 1,715,107 shares of company stock worth $52,377,445 in the last ninety days. Corporate insiders own 58.30% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its position in shares of Marcus & Millichap by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 51,379 shares of the real estate investment trust’s stock worth $1,355,000 after purchasing an additional 285 shares during the last quarter. Teachers Advisors LLC lifted its position in shares of Marcus & Millichap by 2.1% during the second quarter. Teachers Advisors LLC now owns 34,161 shares of the real estate investment trust’s stock worth $900,000 after purchasing an additional 689 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Marcus & Millichap by 17.6% during the second quarter. Victory Capital Management Inc. now owns 6,027 shares of the real estate investment trust’s stock worth $159,000 after purchasing an additional 904 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Marcus & Millichap by 7.7% during the second quarter. The Manufacturers Life Insurance Company now owns 13,515 shares of the real estate investment trust’s stock worth $356,000 after purchasing an additional 967 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Marcus & Millichap by 14.2% during the second quarter. Rhumbline Advisers now owns 17,303 shares of the real estate investment trust’s stock worth $456,000 after purchasing an additional 2,145 shares during the last quarter. 41.01% of the stock is currently owned by institutional investors and hedge funds.

Marcus & Millichap (NYSE:MMI) traded up $0.35 during trading hours on Friday, reaching $32.02. 133,505 shares of the company’s stock were exchanged, compared to its average volume of 111,516. The company has a current ratio of 4.62, a quick ratio of 4.62 and a debt-to-equity ratio of 0.02. The stock has a market cap of $1,221.27, a PE ratio of 20.79, a P/E/G ratio of 3.26 and a beta of 1.59. Marcus & Millichap has a one year low of $23.22 and a one year high of $32.72.

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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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