Marcus & Millichap (MMI) to Release Earnings on Friday

Marcus & Millichap (NYSE:MMI) is scheduled to be posting its quarterly earnings results before the market opens on Friday, November 8th. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Marcus & Millichap (NYSE:MMI) last announced its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.01. The business had revenue of $158.37 million during the quarter. Marcus & Millichap had a negative net margin of 5.68% and a negative return on equity of 5.50%.

Marcus & Millichap Stock Performance

Shares of MMI opened at $37.90 on Friday. The company has a 50-day simple moving average of $38.42 and a 200-day simple moving average of $35.53. The firm has a market capitalization of $1.47 billion, a P/E ratio of -41.65 and a beta of 1.13. Marcus & Millichap has a 52 week low of $28.42 and a 52 week high of $44.24.

Insider Activity at Marcus & Millichap

In related news, Director Norma J. Lawrence sold 1,123 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $40.00, for a total value of $44,920.00. Following the sale, the director now owns 24,971 shares of the company’s stock, valued at $998,840. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Marcus & Millichap news, CEO Hessam Nadji sold 659 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $40.33, for a total transaction of $26,577.47. Following the sale, the chief executive officer now directly owns 209,123 shares of the company’s stock, valued at approximately $8,433,930.59. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Norma J. Lawrence sold 1,123 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $40.00, for a total transaction of $44,920.00. Following the sale, the director now directly owns 24,971 shares in the company, valued at $998,840. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,023 shares of company stock valued at $603,521 over the last quarter. 39.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. StockNews.com raised shares of Marcus & Millichap from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Wells Fargo & Company upped their target price on shares of Marcus & Millichap from $20.00 to $30.00 and gave the company an “underweight” rating in a research note on Friday, September 6th.

Marcus & Millichap Company Profile

Marcus & Millichap, Inc, an investment 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, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing, as well as capital markets.