Analysts AwaitRe/Max Stake Inc (RMAX) Will Publish Revenue of $0.50 Per Share

Analysts AwaitRe/Max Stake Inc (RMAX) Will Publish Revenue of $0.50 Per Share

Equities research analysts predict that Re/Max Holdings Inc (NYSE:RMAX) will announce earnings per share (EPS) of $0.50 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Re/Max Holdings’ earnings, with estimates ranging from $0.48 to $0.53. Re/Max Holdings posted earnings of $0.46 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 8.7%. The firm is expected to report its next earnings report on Thursday, August 3rd.

On average, analysts expect that Re/Max Holdings will report full year earnings of $1.91 per share for the current year, with EPS estimates ranging from $1.87 to $1.93. For the next year, analysts anticipate that the company will report earnings of $2.05 per share, with EPS estimates ranging from $1.95 to $2.13. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Re/Max Holdings.

Re/Max Holdings (NYSE:RMAX) last announced its earnings results on Thursday, May 4th. The financial services provider reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.01. Re/Max Holdings had a return on equity of 81.52% and a net margin of 13.05%. The company had revenue of $48.20 million during the quarter, compared to analyst estimates of $47.52 million. During the same period last year, the company posted $0.38 earnings per share. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year.

Several brokerages recently weighed in on RMAX. Zacks Investment Research downgraded Re/Max Holdings from a “buy” rating to a “hold” rating in a research report on Friday, May 5th. Keefe, Bruyette & Woods set a $53.00 price objective on Re/Max Holdings and gave the stock a “hold” rating in a research report on Monday, April 10th. TheStreet upgraded Re/Max Holdings from a “c” rating to a “b” rating in a research report on Friday, March 17th. Wedbush began coverage on Re/Max Holdings in a research report on Tuesday, March 14th. They set a “neutral” rating for the company. Finally, Compass Point restated a “sell” rating on shares of Re/Max Holdings in a research report on Thursday, March 9th. One analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Re/Max Holdings presently has an average rating of “Hold” and an average price target of $59.50.

In other Re/Max Holdings news, VP Adam Lindquist Scoville sold 804 shares of the company’s stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $55.50, for a total value of $44,622.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.58% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. Glen Harbor Capital Management LLC boosted its position in shares of Re/Max Holdings by 127.3% in the first quarter. Glen Harbor Capital Management LLC now owns 1,700 shares of the financial services provider’s stock worth $101,000 after buying an additional 952 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Re/Max Holdings by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 1,950 shares of the financial services provider’s stock valued at $115,000 after buying an additional 40 shares during the last quarter. Cutler Group LP boosted its stake in shares of Re/Max Holdings by 172.1% in the first quarter. Cutler Group LP now owns 2,076 shares of the financial services provider’s stock valued at $123,000 after buying an additional 1,313 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Re/Max Holdings by 6.5% in the first quarter. Sei Investments Co. now owns 2,501 shares of the financial services provider’s stock valued at $149,000 after buying an additional 153 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new stake in shares of Re/Max Holdings during the first quarter valued at $159,000.

Shares of Re/Max Holdings (RMAX) traded down 2.66% during mid-day trading on Monday, hitting $53.15. The stock had a trading volume of 49,568 shares. Re/Max Holdings has a 1-year low of $37.60 and a 1-year high of $63.35. The company has a market capitalization of $940.54 million, a P/E ratio of 41.30 and a beta of 0.98. The stock’s 50-day moving average price is $56.60 and its 200 day moving average price is $55.93.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 31st. Shareholders of record on Wednesday, May 17th were issued a $0.18 dividend. The ex-dividend date of this dividend was Monday, May 15th. This represents a $0.72 dividend on an annualized basis and a yield of 1.35%. Re/Max Holdings’s payout ratio is presently 44.78%.

Re/Max Holdings Company Profile

RE/MAX Holdings, Inc is a franchisor in the real estate industry, franchising real estate brokerages around the world under the RE/MAX brand and mortgage brokerages within the United States under the Motto Mortgage brand. The Company is a franchised business, with all of the RE/MAX branded brokerage office locations being operated by franchisees, including RE/MAX, LLC, which owns the RE/MAX brand, and sells franchises and franchising rights; Independent Regional Franchise Owner, which owns rights to sell brokerage franchises in a specified region; Franchisee (or Broker-Owner), which operates a RE/MAX-branded brokerage office, lists properties and recruits agents, and Agent (or Sales Associate), including branded independent contractors operating out of local franchise brokerage offices.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “RMAX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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