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

Wall Street brokerages forecast that Marcus & Millichap, Inc. (NYSE:MMI) will post $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 posted earnings of $0.44 per share in the same quarter last year, which would indicate a negative year over year growth rate of 4.5%. The company is scheduled to announce 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 year, analysts anticipate that the firm will report earnings of $1.64 per share, with EPS estimates ranging from $1.60 to $1.67. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Marcus & Millichap.

Several analysts have recently weighed in on MMI shares. Wells Fargo & Company restated a “market perform” rating and set a $31.00 price objective (up previously from $25.00) on shares of Marcus & Millichap in a research report on Wednesday, November 8th. Zacks Investment Research upgraded shares of Marcus & Millichap from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, Citigroup upgraded shares of Marcus & Millichap from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 14th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $33.00.

In other news, SVP William E. Hughes sold 6,000 shares of Marcus & Millichap stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $26.99, for a total value of $161,940.00. Following the transaction, the senior vice president now directly owns 40,540 shares of the company’s stock, valued at approximately $1,094,174.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George M. Marcus sold 50,839 shares of Marcus & Millichap stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $30.75, for a total transaction of $1,563,299.25. Following the completion of the transaction, the director now directly owns 15,879 shares in the company, valued at $488,279.25. The disclosure for this sale can be found here. Insiders sold a total of 1,692,911 shares of company stock worth $51,631,187 over the last ninety days. Corporate insiders own 58.30% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Legal & General Group Plc grew its stake in shares of Marcus & Millichap by 1.1% during the 1st quarter. Legal & General Group Plc now owns 5,227 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 57 shares during the period. Vanguard Group Inc. grew its stake in shares of Marcus & Millichap by 8.0% during the 1st quarter. Vanguard Group Inc. now owns 1,199,574 shares of the real estate investment trust’s stock worth $29,485,000 after purchasing an additional 89,030 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Marcus & Millichap by 18.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 656,539 shares of the real estate investment trust’s stock worth $16,137,000 after purchasing an additional 103,148 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Marcus & Millichap during the 1st quarter worth $1,332,000. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Marcus & Millichap by 5.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 51,094 shares of the real estate investment trust’s stock worth $1,256,000 after purchasing an additional 2,565 shares during the period. 45.04% of the stock is currently owned by institutional investors.

Shares of Marcus & Millichap (MMI) traded up $0.07 during trading on Monday, reaching $31.27. 252,948 shares of the company were exchanged, compared to its average volume of 147,878. Marcus & Millichap has a one year low of $23.22 and a one year high of $32.38. The company has a quick ratio of 4.62, a current ratio of 4.62 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $1,190.37, a P/E ratio of 20.27, a P/E/G ratio of 3.43 and a beta of 1.59.

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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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