$0.46 Earnings Per Share Expected for Re/Max Holdings Inc (NYSE:RMAX) This Quarter

Equities research analysts predict that Re/Max Holdings Inc (NYSE:RMAX) will post $0.46 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Re/Max’s earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.46. Re/Max posted earnings per share of $0.49 in the same quarter last year, which would suggest a negative year-over-year growth rate of 6.1%. The company is expected to report its next earnings report on Thursday, February 20th.

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According to Zacks, analysts expect that Re/Max will report full year earnings of $2.17 per share for the current fiscal year, with EPS estimates ranging from $2.13 to $2.20. For the next financial year, analysts forecast that the business will report earnings of $2.21 per share, with EPS estimates ranging from $2.12 to $2.30. Zacks’ earnings per share calculations are an average based on a survey of analysts that that provide coverage for Re/Max.

Re/Max (NYSE:RMAX) last released its quarterly earnings results on Thursday, October 31st. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.04. Re/Max had a net margin of 10.73% and a return on equity of 60.78%. The company had revenue of $71.54 million for the quarter, compared to analysts’ expectations of $71.36 million. During the same period last year, the company earned $0.65 EPS. The firm’s revenue for the quarter was up 30.4% compared to the same quarter last year.

RMAX has been the topic of several analyst reports. ValuEngine cut shares of Re/Max from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. JMP Securities raised shares of Re/Max from a “market perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a research note on Monday, September 16th. Compass Point cut shares of Re/Max from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $42.00 to $31.00 in a research report on Tuesday, August 6th. Craig Hallum raised shares of Re/Max from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Wednesday, August 21st. Finally, Stephens raised their target price on shares of Re/Max from $31.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $39.86.

Several institutional investors and hedge funds have recently added to or reduced their stakes in RMAX. Confluence Investment Management LLC boosted its position in shares of Re/Max by 252.3% in the third quarter. Confluence Investment Management LLC now owns 501,435 shares of the financial services provider’s stock worth $16,126,000 after acquiring an additional 359,111 shares during the last quarter. Deprince Race & Zollo Inc. boosted its position in shares of Re/Max by 24.1% in the second quarter. Deprince Race & Zollo Inc. now owns 967,610 shares of the financial services provider’s stock worth $29,764,000 after acquiring an additional 188,008 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in shares of Re/Max in the second quarter worth approximately $3,798,000. Southside Capital LLC boosted its position in shares of Re/Max by 87.1% in the second quarter. Southside Capital LLC now owns 260,000 shares of the financial services provider’s stock worth $7,998,000 after acquiring an additional 121,048 shares during the last quarter. Finally, Schroder Investment Management Group purchased a new position in Re/Max in the second quarter valued at approximately $3,676,000.

Shares of Re/Max stock traded up $0.56 during mid-day trading on Friday, hitting $37.30. 115,848 shares of the stock were exchanged, compared to its average volume of 186,408. Re/Max has a twelve month low of $24.67 and a twelve month high of $44.16. The stock has a market capitalization of $658.93 million, a price-to-earnings ratio of 18.47 and a beta of 1.21. The company has a 50-day simple moving average of $32.33 and a 200 day simple moving average of $31.40. The company has a current ratio of 1.20, a quick ratio of 2.14 and a debt-to-equity ratio of 2.28.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be given a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $0.84 annualized dividend and a dividend yield of 2.25%. Re/Max’s dividend payout ratio is presently 41.58%.

Re/Max Company Profile

RE/MAX Holdings, Inc operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. The company offers its real estate franchise services under the RE/MAX brand name; and mortgage brokerage services under the Motto Mortgage brand. It also provides real estate technology solutions.

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