Analysts Expect RE/MAX Holdings, Inc. (NYSE:RMAX) Will Post Quarterly Sales of $88.90 Million

Wall Street brokers predict RE / MAX Holdings, Inc. (NYSE: RMAX) will have revenue of $ 88.90 million for the current quarter, according to Zacks Investment Research. Two analysts have estimated RE / MAX’s revenue to be between $ 88.20 million and $ 89.59 million. RE / MAX reported revenue of $ 72.45 million for the same quarter last year, indicating a positive year-over-year growth rate of 22.7%. The company is expected to release its next earnings report on Thursday, February 24th.

On average, analysts expect RE / MAX to post total annual revenue of $ 329.34 million for the current fiscal year, with estimates ranging from $ 328.80 million to $ 330.12 million. For the next fiscal year, analysts are forecasting revenues of $ 366.38 million, with estimates ranging between $ 355.96 million and $ 380.77 million. Zacks Investment Research averages based on a survey of research firms covering RE / MAX.

RE / MAX (NYSE: RMAX) last announced its quarterly results on Monday, November 22nd. The financial services company reported earnings per share (EPS) for the quarter of $ 0.71, beating the consensus estimate of $ 0.63 by $ 0.08. The company had revenue of $ 91.00 million for the quarter, compared to analyst estimates of $ 89.80 million. RE / MAX had a positive return on equity of 44.19% and a negative net margin of 5.61%. The company’s quarterly revenue increased 28.0% year over year. For the same quarter last year, the company had earnings per share of $ 0.64.

RMAX has been the subject of several recent research reports. Morgan Stanley cut its RE / MAX price target from $ 33.50 to $ 30.50 and rated the stock “equilibrium” in a report dated Thursday, December 9th. Zacks Investment Research upgraded RE / MAX from a “hold” rating to a “buy” rating and set a target price of $ 33.00 on the stock in a report on Wednesday.

(Display)

Whether you want to learn the basics of futures or you are a seasoned veterinarian looking to improve your trading skills, our guide to technical analysis has everything you need to be successful in today’s futures markets!

Several institutional investors and hedge funds recently changed their holdings in RMAX. Northwestern Mutual Wealth Management Co. acquired a new stake in RE / MAX for $ 34,000 in the second quarter. PNC Financial Services Group Inc. increased its position in RE / MAX by 134.2% in the third quarter. PNC Financial Services Group Inc. now owns 2,750 shares in the financial services company valued at $ 87,000 after purchasing an additional 1,576 shares last quarter. Federated Hermes Inc. increased its position in RE / MAX by 15.2% in the second quarter. Federated Hermes Inc. now owns 4,169 shares in the financial services company valued at $ 139,000 after buying an additional 549 shares last quarter. Metropolitan Life Insurance Co NY increased its position in RE / MAX by 94,733.3% in the second quarter. Metropolitan Life Insurance Co NY now owns 5,690 shares of the financial services company valued at $ 190,000 after buying an additional 5,684 shares last quarter. Finally, Martingale Asset Management LP acquired a new stake in RE / MAX for $ 209,000 in the third quarter. 89.56% of the shares are owned by institutional investors.

Stocks of NYSE: RMAX opened at $ 31.09 on Thursday. The 50 day simple moving average is $ 29.83 and the 200 day simple moving average is $ 31.81. The company has a market cap of $ 587.32 million, a P / E of -33.07, and a beta of 1.47. The company has a debt of 6.78, a quick ratio of 1.79 and a current ratio of 1.79. RE / MAX has a 52-week low of $ 26.05 and a 52-week high of $ 43.85.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 1st. Investors registered on Wednesday, November 17th, received a dividend of $ 0.23 per share. This equates to an annual dividend of $ 0.92 and a dividend yield of 2.96%. The ex-dividend date was Tuesday, November 16th. The payout ratio of RE / MAX is -97.87%.

About RE / MAX

RE / MAX Holdings, Inc. provides real estate franchise services through its subsidiaries. It operates in the following segments: real estate, mortgage, marketing funds and other. The real estate segment comprises the operation of the company’s own independent global franchising business under the brand name RE / MAX as well as income from technology and data subscriptions.

Read more: Swap

Get a Free Copy of Zacks Research Report on RE / MAX (RMAX)

For more information on Zacks Investment Research’s research offerings, please visit Zacks.com

This instant news alert was generated through narrative science technology and financial data from MarketBeat to provide readers with the fastest, most accurate coverage. This story has been reviewed by the editorial staff of MarketBeat prior to publication. Please send questions or comments about this story to [email protected]

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

This is what you should hear before you consider RE / MAX.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts are quietly whispering to their customers to buy now, before the broader market takes hold … and RE / MAX wasn’t on the list.

While RE / MAX currently has a “hold” rating by analysts, top-rated analysts are holding these five stocks for better buys.

Check out the 5 stocks here