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

December 22, 2021 Beth McCandry

Stock research analysts expect RE / MAX Holdings, Inc. (NYSE: RMAX) to post earnings of $ 0.54 per share for the current quarter, according to Zacks. Two analysts have estimated RE / MAX’s earnings, with the highest EPS estimate at $ 0.56 and the lowest estimate at $ 0.52. RE / MAX posted earnings of $ 0.47 per share for the year-ago quarter, indicating a positive year-over-year growth rate of 14.9%. The company is expected to release its next earnings report on Thursday, February 24th.

On average, analysts expect RE / MAX to post annual earnings of $ 2.34 per share for the current fiscal year, with EPS estimates ranging between $ 2.30 and $ 2.37. For the next year, analysts expect the company to post earnings of $ 2.62 per share, with EPS estimates ranging from $ 2.54 to $ 2.71. Zacks’ average earnings per share is an average based on a survey of sell-side research firms covering RE / MAX.

RE / MAX (NYSE: RMAX) last released its quarterly earnings data on Monday November 22nd. The financial services company reported $ 0.71 EPS for the quarter, beating Zacks’ consensus estimate of $ 0.63 by $ 0.08. RE / MAX had a positive return on equity of 43.01% and a negative net margin of 5.61%. The company had revenue of $ 91.00 million for the quarter, compared to analyst estimates of $ 89.80 million. In the same period last year, the company achieved $ 0.64 EPS. The company’s quarterly sales increased 28.0% compared to the same quarter last year.

A number of equity research analysts recently rated the company. Zacks Investment Research upgraded RE / MAX from a “hold” rating to a “buy” rating and set a target price of $ 35.00 for the company in a research release on Friday, November 5th. Morgan Stanley lowered its target price on RE / MAX from $ 33.50 to $ 30.50 and dropped it on Thursday the 9. Three research analysts rated the stock with a hold rating and two with a buy rating rated. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $ 37.30.

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NYSE RMAX rose $ 1.49 during Tuesday’s trading to hit $ 30.41. 137,553 shares in the company were exchanged compared to an average volume of 108,878. RE / MAX has a 52-week low of $ 26.05 and a 52-week high of $ 43.85. The company has a market cap of $ 574.48 million, a P / E of -32.35, and a beta of 1.46. The company has a current metric of 1.79, a quick ratio of 2.16 and debt of 6.78. The company’s fifty day simple moving average is $ 30.34 and the 200 day simple moving average is $ 32.20.

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. This equates to an annual dividend of $ 0.92 and a dividend yield of 3.03%. The ex-dividend date of this dividend was Tuesday November 16th. The payout ratio of RE / MAX is -97.87%.

Several hedge funds recently changed their holdings in the stock. LPL Financial LLC increased its stake in RE / MAX shares by 3.6% in the third quarter. LPL Financial LLC now owns 10,822 shares in the financial services company valued at $ 337,000 after purchasing an additional 377 shares last quarter. Voya Investment Management LLC increased its stake in RE / MAX shares by 2.1% in the 3rd quarter. Voya Investment Management LLC now owns 19,495 shares in the financial services company, valued at $ 608,000, after acquiring an additional 401 shares last quarter. Shell Asset Management Co. increased its position in RE / MAX by 5.7% in the second quarter. Shell Asset Management Co. now owns 8,356 shares in the financial services company valued at $ 279,000 after purchasing an additional 450 shares during the reporting period. UBS Asset Management Americas Inc. increased its position in RE / MAX by 3.0% in the third quarter. UBS Asset Management Americas Inc. now owns 18,321 shares in the financial services company valued at $ 571,000 after purchasing an additional 531 shares during the reporting period. Finally, Federated Hermes Inc. increased its position in RE / MAX by 15.2% in the 2nd quarter. Federated Hermes Inc. now owns 4,169 shares in the financial services company valued at $ 139,000 after purchasing an additional 549 shares during the reporting period. 89.56% of the shares are currently owned by institutional investors and hedge funds.

RE / MAX company profile

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.

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

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