Zacks: Analysts Anticipate RE/MAX Holdings, Inc. (NYSE:RMAX) to Announce $0.54 Earnings Per Share

According to Zacks Investment Research, analysts expect RE/MAX Holdings, Inc. (NYSE:RMAX) to report earnings of $0.54 per share for the current fiscal quarter. Two analysts have come out with estimates for RE/MAX’s earnings, with the lowest EPS estimate at $0.52 and the highest estimate at $0.56. RE/MAX reported earnings per share of $0.47 for the same quarter last year, indicating a positive growth rate of 14.9% year over year. The company will release its next quarterly earnings report after the market close on Wednesday, February 23rd.

On average, analysts expect RE/MAX to report full-year earnings per share for the current fiscal year of $2.36, with EPS estimates ranging from $2.30 to $2.40. For the next fiscal year, analysts are forecasting that the company will report earnings of $2.63 per share, with EPS estimates ranging from $2.54 to $2.77. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms covering RE/MAX.

RE/MAX (NYSE:RMAX) last reported earnings results on Monday, November 22nd. The financial services firm reported $0.71 per share for the quarter, 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%. RE/MAX revenue for the quarter increased 28.0% compared to the same quarter last year. In the same period last year, the company generated earnings per share of $0.64.

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RMAX has been the subject of a number of new analyst reports. Zacks Investment Research upgraded RE/MAX to a buy rating from a hold rating and set a price target for the company of $33.00 in a report on Wednesday, January 12th. Morgan Stanley lowered its price target on RE/MAX to $30.50 from $33.50 and gave the stock an “equal weight” rating in a research report on Thursday, December 9.

NYSE RMAX shares rose $0.74 during Monday trading to hit $29.40. The stock had a trading volume of 1,242 shares compared to an average volume of 121,505. RE/MAX has a 52-week low of $26.05 and a 52-week high of $43.85. The company has a debt to equity ratio of 6.78, a quick ratio of 1.79 and a current ratio of 1.79. The company’s 50-day moving average price is $29.49 and its 200-day moving average price is $31.50. The company has a market cap of $555.40 million, a P/E of -31.23 and a beta of 1.47.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 1st. Stockholders of record on Wednesday, November 17 received a dividend of $0.23. The ex-dividend date was Tuesday November 16th. That equates to an annualized dividend of $0.92 and a yield of 3.13%. RE/MAX’s Dividend Payout Ratio (DPR) is -97.87%.

Institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. increased its holdings of RE/MAX stock by 39.4% during the second quarter. Prudential Financial Inc. now owns 32,469 shares of the financial services provider, valued at $1,083,000, after purchasing an additional 9,169 shares during the period. KBC Group NV increased its stake in RE/MAX shares by 36.1% in the third quarter. KBC Group NV now owns 55,431 shares in the financial services provider, valued at $1,727,000, having bought a further 14,715 shares during the period. UBS Asset Management Americas Inc. increased its stake in RE/MAX shares by 7.9% in the second quarter. UBS Asset Management Americas Inc. now owns 17,790 shares of the financial services provider, valued at $593,000, after purchasing an additional 1,306 shares during the period. Morgan Stanley increased its holdings of RE/MAX stock by 105.8% in the second quarter. Morgan Stanley now owns 141,244 shares of the financial services provider, valued at $4,708,000, after purchasing an additional 72,598 shares during the period. Finally, Clearbridge Investments LLC acquired a new stake in RE/MAX stock valued at $259,000 during the second quarter. 92.42% of the shares are owned by hedge funds and other institutional investors.

RE/MAX Company Profile

RE/MAX Holdings, Inc, through its subsidiaries, provides real estate franchise services. It operates through the following segments: Real Estate, Mortgage, Marketing Funds and Other. The real estate segment includes the operation of the company’s owned and independent global franchised stores under the RE/MAX brand name, as well as revenue from technology and data subscriptions.

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