Re/Max Holdings Inc (NYSE:RMAX) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Wednesday, November 13th will be paid a dividend of 0.21 per share by the financial services provider on Wednesday, November 27th. This represents a $0.84 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Tuesday, November 12th.
Shares of Re/Max stock opened at $37.30 on Friday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 2.14 and a current ratio of 1.20. Re/Max has a 52-week low of $24.67 and a 52-week 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’s 50 day moving average price is $32.33 and its 200-day moving average price is $31.40.
Re/Max (NYSE:RMAX) last issued its earnings results on Thursday, October 31st. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $71.54 million for the quarter, compared to analysts’ expectations of $71.36 million. During the same quarter last year, the business earned $0.65 earnings per share. The business’s revenue was up 30.4% on a year-over-year basis. As a group, equities research analysts forecast that Re/Max will post 1.98 earnings per share for the current fiscal year.
A number of analysts recently commented on the company. Stephens raised their price target on Re/Max from $31.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. ValuEngine lowered Re/Max from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. JMP Securities raised Re/Max from a “market perform” rating to an “outperform” rating and set a $40.00 price target for the company in a research note on Monday, September 16th. Compass Point lowered Re/Max from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $42.00 to $31.00 in a research note on Tuesday, August 6th. Finally, Craig Hallum raised Re/Max from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Re/Max currently has an average rating of “Hold” and a consensus target price of $39.86.
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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