Q1 2021 EPS Estimates for RE/MAX Holdings, Inc. Decreased by Analyst (NYSE:RMAX)
RE / MAX Holdings, Inc. (NYSE: RMAX) – William Blair’s equity analysts lowered their earnings estimates for the first quarter of 2021 for RE / MAX stocks in a research advisory to investors on Monday March 1st. William Blair analyst S. Sheldon now expects the financial services company to post earnings per share of $ 0.40 for the quarter, after previously forecasting $ 0.44. William Blair also gave RE / MAX earnings estimates for the 2nd quarter of 2021 at $ 0.43 per share, for the 3rd quarter of 2021 at $ 0.50 per share, for the 4th quarter of 2021 at 0.40 For fiscal year 2021 at US $ 1.73 per share and for fiscal year 2012 at US $ 1.86 per share. RE / MAX (NYSE: RMAX) last released its quarterly results on Thursday, February 25th. The financial services company reported earnings per share of $ 0.47 for the quarter, beating the consensus estimate of $ 0.33 by $ 0.14. RE / MAX had a net margin of 4.80% and a return on equity of 44.11%.
A number of other research companies have also recently published reports on RMAX. JPMorgan Chase & Co. upgraded RE / MAX’s shares from an “underweight” rating to a “neutral” rating and raised its price target for the company from $ 27.00 to 36.00 in a research note on Monday, December 21st .00 USD raised. Compass Point downgraded RE / MAX’s stock from a “buy” rating to a “neutral” rating and set a price target of $ 44.00 on the stock. in a research report on Monday. They discovered that the move was a call for evaluation. Morgan Stanley raised its target price on shares of RE / MAX from USD 37.00 to USD 40.00 and rated the company as overweight in a research report on Tuesday, January 5th. Finally, in a research report on Wednesday February 3rd, Zacks Investment Research upgraded RE / MAX’s shares from a “sell” rating to a “hold” rating. Four research analysts have given the share a hold rating and two with a buy rating. RE / MAX has a consensus rating of “Hold” and a consensus price target of $ 40.00.
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The NYSE RMAX opened at $ 40.30 on Thursday. The company has a quick rate of 2.24, a current rate of 2.24, and a leverage ratio of 1.98. The stock has a market cap of $ 747.85 million, a P / E of 58.41, and a beta of 1.55. The company has a 50-day moving average price of $ 39.25 and a two-hundred-day moving average of $ 35.60. RE / MAX has a 12-month low of $ 14.40 and a 12-month high of $ 43.85.
Institutional investors and hedge funds have recently bought and sold shares in the company. Federated Hermes Inc. acquired a new stake in RE / MAX valued at $ 40,000 in the fourth quarter. Veriti Management LLC acquired a new stake in RE / MAX for $ 42,000 in the fourth quarter. Vantage Consulting Group Inc acquired a new stake in RE / MAX worth $ 48,000 in the fourth quarter. The Canada Pension Plan Investment Board acquired a new stake in RE / MAX valued at $ 160,000 in the fourth quarter. Finally, Strs Ohio acquired a new stake in RE / MAX for $ 163,000 in the fourth quarter. Hedge funds and other institutional investors own 95.47% of the company’s shares.
In related news, CAO Brett A. Ritchie sold 2,670 shares in the company in a transaction on Monday, January 25. The shares were sold at an average price of $ 40.00 for a total transaction of $ 106,800.00. The sale was disclosed in a document filed with the SEC, which is available on the SEC website. Insiders have sold 3,204 shares in the company for $ 128,507 in the past ninety days. Currently, 2.67% of the shares are owned by insiders.
The company recently announced a quarterly dividend, which will be paid on Wednesday, March 17th. On Wednesday March 3rd, registered investors will be paid a dividend of $ 0.23 per share. The ex-dividend day is Tuesday, March 2nd. This equates to an annual dividend of $ 0.92 and a yield of 2.28%. This is a positive change from RE / MAX’s previous quarterly dividend of $ 0.22. The payout ratio of RE / MAX is 45.60%.
About RE / MAX
RE / MAX Holdings, Inc operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada and internationally. The company operates in four segments: RE / MAX Franchising, Motto Franchising, Marketing Funds and Other. The company offers its real estate franchise services under the brand name RE / MAX. and Mortgage branded mortgage brokerage services.
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