RE/MAX Holdings, Inc. (RMAX) to Release Quarterly Earnings on Wednesday
RE/MAX Holdings, Inc. (NYSE:RMAX) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.51 per share for the quarter.
RE/MAX Holdings (NYSE:RMAX) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. RE/MAX Holdings had a return on equity of 79.94% and a net margin of 12.45%. The company had revenue of $48.82 million for the quarter, compared to analyst estimates of $48.29 million. During the same quarter last year, the firm posted $0.46 EPS. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, analysts expect RE/MAX Holdings to post $1.91 EPS for the current fiscal year and $2.04 EPS for the next fiscal year.
RE/MAX Holdings, Inc. (RMAX) opened at 66.40 on Wednesday. The stock’s 50 day moving average price is $63.58 and its 200 day moving average price is $59.08. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 50.38 and a beta of 0.93. RE/MAX Holdings, Inc. has a 12-month low of $42.10 and a 12-month high of $67.45.
Several brokerages have weighed in on RMAX. BidaskClub raised RE/MAX Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 20th. Zacks Investment Research downgraded RE/MAX Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Piper Jaffray Companies began coverage on RE/MAX Holdings in a research note on Thursday, September 28th. They set an “overweight” rating and a $69.00 target price on the stock. Craig Hallum began coverage on RE/MAX Holdings in a research note on Wednesday, August 30th. They set a “buy” rating and a $75.00 target price on the stock. Finally, Stephens downgraded RE/MAX Holdings from an “overweight” rating to an “equal weight” rating and set a $66.00 target price on the stock. in a research note on Monday, August 7th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. RE/MAX Holdings presently has an average rating of “Hold” and a consensus target price of $64.67.
In other news, President Geoffrey D. Lewis sold 1,200 shares of RE/MAX Holdings stock in a transaction on Friday, August 4th. The stock was sold at an average price of $60.00, for a total transaction of $72,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.58% of the stock is currently owned by company insiders.
About RE/MAX Holdings
RE/MAX Holdings, Inc is a franchisor in the real estate industry, franchising real estate brokerages around the world under the RE/MAX brand and mortgage brokerages within the United States under the Motto Mortgage brand. The Company is a franchised business, with all of the RE/MAX branded brokerage office locations being operated by franchisees, including RE/MAX, LLC, which owns the RE/MAX brand, and sells franchises and franchising rights; Independent Regional Franchise Owner, which owns rights to sell brokerage franchises in a specified region; Franchisee (or Broker-Owner), which operates a RE/MAX-branded brokerage office, lists properties and recruits agents, and Agent (or Sales Associate), including branded independent contractors operating out of local franchise brokerage offices.
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