Marcus & Millichap (NYSE:MMI) Issues Quarterly Earnings Results, Meets Estimates

Share on StockTwits

Marcus & Millichap (NYSE:MMI) issued its quarterly earnings results on Thursday. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, meeting 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 for the quarter, compared to analyst estimates of $207.27 million. During the same period in the previous year, the company posted $0.53 earnings per share. The company’s quarterly revenue was down 5.9% compared to the same quarter last year.

Shares of MMI stock traded down $2.76 during trading hours on Friday, hitting $33.75. The company had a trading volume of 675,200 shares, compared to its average volume of 197,423. Marcus & Millichap has a 12 month low of $27.84 and a 12 month high of $43.50. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 3.14 and a beta of 1.20. The firm’s fifty day moving average is $35.61 and its 200 day moving average is $34.49. The company has a debt-to-equity ratio of 0.15, a quick ratio of 4.36 and a current ratio of 4.36.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Marcus & Millichap from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine upgraded Marcus & Millichap from a “sell” rating to a “hold” rating in a research note on Friday, July 26th.

In other news, CEO Hessam Nadji sold 11,000 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $36.25, for a total value of $398,750.00. Following the sale, the chief executive officer now directly owns 251,792 shares in the company, valued at approximately $9,127,460. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate 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.

See Also: What is a good dividend yield?

Earnings History for Marcus & Millichap (NYSE:MMI)

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

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.