$0.50 Earnings Per Share Expected for RE/MAX Holdings, Inc. (NYSE:RMAX) This Quarter

Brokerages predict that RE/MAX Holdings, Inc. (NYSE:RMAX – Get Rating) will post $0.50 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for RE/MAX’s earnings. The lowest EPS estimate is $0.48 and the highest is $0.53. RE/MAX reported earnings per share of $0.46 during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.7%. The business is scheduled to announce its next quarterly earnings results on Thursday, May 5th.

On average, analysts expect that RE/MAX will report full-year earnings of $2.61 per share for the current financial year, with EPS estimates ranging from $2.52 to $2.77. For the next year, analysts expect that the business will report earnings of $2.67 per share, with EPS estimates ranging from $2.66 to $2.69. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow RE/MAX.

RMAX has been the subject of a number of analyst reports. Jonestrading initiated coverage on shares of RE/MAX in a research report on Wednesday, March 2nd. They issued a “buy” rating and a $38.00 target price for the company. Zacks Investment Research downgraded shares of RE/MAX from a “buy” rating to a “hold” rating in a research report on Friday, March 4th. Keefe, Bruyette & Woods decreased their target price on shares of RE/MAX from $37.00 to $35.00 in a research report on Monday, February 28th. Finally, Morgan Stanley cut their price target on shares of RE/MAX from $30.50 to $28.50 and set an “equal weight” rating for the company in a research note on Wednesday.

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Several institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC boosted its position in RE/MAX by 76.0% during the 4th quarter. Lazard Asset Management LLC now owns 2,165 shares of the financial services provider’s stock worth $66,000 after buying an additional 935 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of RE/MAX by 143.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,708 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 1,594 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of RE/MAX by 134.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,750 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 1,576 shares during the period. Metropolitan Life Insurance Co NY lifted its position in shares of RE/MAX by 94,733.3% in the 2nd quarter. Metropolitan Life Insurance Co NY now owns 5,690 shares of the financial services provider’s stock worth $190,000 after purchasing an additional 5,684 shares during the period. Finally, AQR Capital Management LLC acquired a new position in shares of RE/MAX in the 2nd quarter worth approximately $211,000. 94.38% of the stock is currently owned by institutional investors.

Shares of RMAX stock opened at $28.73 on Friday. The firm has a fifty-day moving average of $29.75 and a 200-day moving average of $30.60. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 6.48. RE/MAX has a 12-month low of $26.05 and a 12-month high of $42.88. The company has a market capitalization of $542.74 million, a price-to-earnings ratio of -33.80 and a beta of 1.41.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 16th. Investors of record on Friday, March 4th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Thursday, March 3rd. RE/MAX’s dividend payout ratio (DPR) is currently -108.23%.

RE/MAX Company Profiles (Get Rating)

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.

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