Marcus & Millichap, Inc. (NYSE:MMI) Announces Earnings Results, Beats Estimates By $0.07 EPS

Marcus & Millichap, Inc. (NYSE:MMI) announced its quarterly earnings results on Tuesday. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.07, reports. Marcus & Millichap had a net margin of 8.75% and a return on equity of 24.81%. The company had revenue of $180.37 million for the quarter, compared to analysts’ expectations of $177.40 million. During the same quarter in the previous year, the business posted $0.45 EPS. Marcus & Millichap’s revenue was down 1.6% compared to the same quarter last year.

Shares of Marcus & Millichap (MMI) traded up 4.73% during trading on Wednesday, reaching $27.00. The company’s stock had a trading volume of 389,932 shares. Marcus & Millichap has a 12-month low of $22.93 and a 12-month high of $30.31. The firm’s 50-day moving average is $26.22 and its 200-day moving average is $25.64. The stock has a market capitalization of $1.03 billion, a PE ratio of 16.99 and a beta of 1.55.

MMI has been the subject of a number of recent analyst reports. Zacks Investment Research raised Marcus & Millichap from a “sell” rating to a “hold” rating in a research report on Wednesday. BidaskClub raised Marcus & Millichap from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, ValuEngine lowered Marcus & Millichap from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $27.00.

WARNING: “Marcus & Millichap, Inc. (NYSE:MMI) Announces Earnings Results, Beats Estimates By $0.07 EPS” was first posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this news story can be read at

In related news, CEO Hessam Nadji sold 8,500 shares of Marcus & Millichap stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $24.41, for a total transaction of $207,485.00. Following the completion of the sale, the chief executive officer now owns 305,161 shares of the company’s stock, valued at $7,448,980.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 58.30% of the company’s stock.

About Marcus & Millichap

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.

Earnings History for Marcus & Millichap (NYSE:MMI)

Receive News & Ratings for Marcus & Millichap Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marcus & Millichap Inc. and related companies with's FREE daily email newsletter.

Latest News

Leave a Reply