$0.54 Earnings Per Share Expected for RE/MAX Holdings, Inc. (NYSE:RMAX) This Quarter

Brokerages expect RE/MAX Holdings, Inc. (NYSE:RMAX) to post earnings per share of $0.54 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for RE/MAX’s earnings. The highest EPS estimate is $0.56 and the lowest is $0.52. RE/MAX posted earnings per share of $0.47 during the same quarter last year, which suggests a positive year-over-year growth rate of 14.9%. The company is expected to announce its next earnings results after the market closes on Wednesday, February 23rd.

According to Zacks, analysts expect that RE/MAX will report full-year earnings of $2.36 per share for the current fiscal year, with EPS estimates ranging from $2.30 to $2.40. For the next year, analysts anticipate that the firm will post earnings of $2.63 per share, with EPS estimates ranging from $2.54 to $2.77. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for RE/MAX.

RE/MAX (NYSE:RMAX) last issued its quarterly earnings data on Monday, November 22nd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.08. RE/MAX had a positive return on equity of 44.19% and a negative net margin of 5.61%. The company had revenue of $91.00 million for the quarter, compared to the consensus estimate of $89.80 million. During the same quarter last year, the business posted $0.64 earnings per share. The firm’s revenue was up 28.0% compared to the same quarter last year.

Several analysts have recently issued reports on the stock. Morgan Stanley decreased their target price on shares of RE/MAX from $33.50 to $30.50 and set an “equal weight” rating on the stock in a research report on Thursday, December 9th. Zacks Investment Research cut shares of RE/MAX from a “buy” rating to a “hold” rating in a research report on Tuesday, February 15th.

(Ad)

An 83% win rate and a guarantee he beats it! Has this former CBOE trader lost his mind??

Watch this immediately.

NYSE RMAX traded down $1.46 during trading hours on Friday, reaching $29.50. 431,588 shares of the stock traded hands, compared to its average volume of 124,906. The stock has a 50 day simple moving average of $30.04 and a two-hundred day simple moving average of $31.12. The company has a debt-to-equity ratio of 6.78, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market cap of $557.28 million, a price-to-earnings ratio of -31.38 and a beta of 1.47. RE/MAX has a 1 year low of $26.05 and a 1 year high of $43.85.

Institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. raised its position in RE/MAX by 39.4% in the 2nd quarter. Prudential Financial Inc. now owns 32,469 shares of the financial services provider’s stock worth $1,083,000 after purchasing an additional 9,169 shares during the period. KBC Group NV grew its stake in RE/MAX by 36.1% in the 3rd quarter. KBC Group NV now owns 55,431 shares of the financial services provider’s stock worth $1,727,000 after acquiring an additional 14,715 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in RE/MAX by 7.9% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 17,790 shares of the financial services provider’s stock worth $593,000 after acquiring an additional 1,306 shares in the last quarter. Morgan Stanley grew its stake in RE/MAX by 105.8% in the 2nd quarter. Morgan Stanley now owns 141,244 shares of the financial services provider’s stock worth $4,708,000 after acquiring an additional 72,598 shares in the last quarter. Finally, Virtus ETF Advisers LLC grew its stake in RE/MAX by 23.1% in the 3rd quarter. Virtus ETF Advisers LLC now owns 48,025 shares of the financial services provider’s stock worth $1,496,000 after acquiring an additional 8,997 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

About RE/MAX

RE/MAX Holdings, Inc engages in the provision of real estate franchise services through its subsidiaries. It operates through the following segments: Real Estate, Mortgage, Marketing Funds, and Other. The Real Estate segment is comprised of the Company’s owned and independent global franchising operations under the RE/MAX brand name and technology and data subscription for Gadberry and the First app.

Featured Stories

Get a free copy of the Zacks research report on RE/MAX (RMAX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in RE/MAX right now?

Before you consider RE/MAX, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and RE/MAX wasn’t on the list.

While RE/MAX currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here