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.
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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