Marcus & Millichap (MMI) Set to Announce Quarterly Earnings on Friday

Marcus & Millichap (NYSE:MMI - Get Free Report) will post its quarterly earnings results before the market opens on Friday, November 8th. Individual that are interested in participating in the company's earnings conference call can do so using this link.

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

Marcus & Millichap Trading Down 0.5 %

MMI stock traded down $0.18 during midday trading on Friday, hitting $37.66. The company's stock had a trading volume of 104,053 shares, compared to its average volume of 126,948. The company has a market cap of $1.46 billion, a PE ratio of -41.38 and a beta of 1.13. Marcus & Millichap has a 12 month low of $29.30 and a 12 month high of $44.24. The firm's 50-day moving average is $38.38 and its 200-day moving average is $35.59.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wells Fargo & Company upped their price objective on Marcus & Millichap from $20.00 to $30.00 and gave the company an "underweight" rating in a research report on Friday, September 6th. StockNews.com raised Marcus & Millichap from a "sell" rating to a "hold" rating in a report on Wednesday, July 24th.

Insider Activity

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

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.