$0.42 EPS Expected for Marcus & Millichap, Inc. (MMI) This Quarter

Equities analysts expect Marcus & Millichap, Inc. (NYSE:MMI) to report earnings of $0.42 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Marcus & Millichap’s earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.40. Marcus & Millichap reported earnings of $0.44 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 4.5%. The firm is scheduled to issue its next earnings results on Thursday, March 8th.

According to Zacks, 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 post earnings of $1.64 per share, with EPS estimates ranging from $1.60 to $1.67. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that cover Marcus & Millichap.

Several equities research analysts recently issued reports on MMI shares. Zacks Investment Research raised Marcus & Millichap from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Wednesday, November 22nd. Citigroup raised Marcus & Millichap from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 14th. Finally, Wells Fargo & Company reissued a “market perform” rating and set a $31.00 price objective (up previously from $25.00) on shares of Marcus & Millichap in a research note on Wednesday, November 8th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $33.00.

Shares of Marcus & Millichap (MMI) opened at $31.91 on Monday. The stock has a market capitalization of $1,217.07, a price-to-earnings ratio of 20.72, a P/E/G ratio of 3.51 and a beta of 1.59. Marcus & Millichap has a 52 week low of $23.22 and a 52 week high of $32.38. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.62 and a current ratio of 4.62.

In other Marcus & Millichap news, SVP William E. Hughes sold 6,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $26.99, for a total transaction of $161,940.00. Following the sale, the senior vice president now owns 40,540 shares in the company, valued at $1,094,174.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Phoenix Investments Holdings L sold 569,087 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $30.63, for a total value of $17,431,134.81. Following the sale, the insider now owns 18,988,795 shares in the company, valued at approximately $581,626,790.85. The disclosure for this sale can be found here. Insiders have sold 1,692,911 shares of company stock valued at $51,631,187 in the last three months. 58.30% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alps Advisors Inc. raised its position in Marcus & Millichap by 0.3% during the second quarter. Alps Advisors Inc. now owns 18,396 shares of the real estate investment trust’s stock valued at $485,000 after purchasing an additional 48 shares in the last quarter. Legal & General Group Plc raised its position in Marcus & Millichap by 1.1% during the first quarter. Legal & General Group Plc now owns 5,227 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 57 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in 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 valued at $1,355,000 after purchasing an additional 285 shares in the last quarter. Teachers Advisors LLC increased its holdings in shares of Marcus & Millichap by 2.1% in the second quarter. Teachers Advisors LLC now owns 34,161 shares of the real estate investment trust’s stock worth $900,000 after buying an additional 689 shares during the period. Finally, Pacific Ridge Capital Partners LLC increased its holdings in shares of Marcus & Millichap by 1.9% in the second quarter. Pacific Ridge Capital Partners LLC now owns 39,150 shares of the real estate investment trust’s stock worth $1,032,000 after buying an additional 720 shares during the period. Institutional investors and hedge funds own 45.04% of the company’s stock.

WARNING: “$0.42 EPS Expected for Marcus & Millichap, Inc. (MMI) This Quarter” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/12/04/0-42-eps-expected-for-marcus-millichap-inc-mmi-this-quarter.html.

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.

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Earnings History and Estimates for Marcus & Millichap (NYSE:MMI)

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