Exp World Holdings, Inc. to Issue Quarterly Dividend of $0.05 (NASDAQ:AGNT)

Exp World Holdings, Inc. (NASDAQ:AGNT) declared a quarterly dividend on Thursday, April 23rd, NASDAQ Dividends reports. Shareholders of record on Friday, May 22nd will be paid a dividend of 0.05 per share by the technology company on Friday, June 5th. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date is Friday, May 22nd.

Exp World has a dividend payout ratio of 90.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Exp World to earn $0.16 per share next year, which means the company may not be able to cover its $0.20 annual dividend with an expected future payout ratio of 125.0%.

Exp World Stock Down 0.2%

Shares of NASDAQ AGNT opened at $4.72 on Wednesday. Exp World has a 52 week low of $4.59 and a 52 week high of $12.23. The business has a 50-day simple moving average of $6.03 and a two-hundred day simple moving average of $8.21. The company has a market cap of $775.59 million, a P/E ratio of -47.20 and a beta of 2.20.

Exp World (NASDAQ:AGNT) last released its quarterly earnings results on Monday, May 11th. The technology company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02. Exp World had a negative return on equity of 7.05% and a negative net margin of 0.35%.The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $971.32 million. Equities research analysts anticipate that Exp World will post 0.08 EPS for the current year.

Analysts Set New Price Targets

AGNT has been the topic of several recent analyst reports. Zelman & Associates started coverage on Exp World in a report on Friday, March 20th. They issued an “underperform” rating and a $4.75 price target on the stock. Benchmark started coverage on Exp World in a report on Thursday, March 26th. They set a “buy” rating and a $8.00 price objective on the stock. Wall Street Zen raised Exp World to a “hold” rating in a report on Sunday, May 10th. Finally, DA Davidson decreased their price objective on Exp World from $11.00 to $10.25 and set a “buy” rating on the stock in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $7.67.

Exp World Company Profile

eXp World Holdings, Inc (NASDAQ: EXPI) is a cloud-based real estate company that operates a global brokerage model through its eXp Realty subsidiary. Founded in 2009 by industry veteran Glenn Sanford and headquartered in Bellingham, Washington, the company leverages a virtual business environment to connect and support real estate professionals. eXp Realty’s technology-driven platform enables licensed agents to list, show and manage residential property transactions without the overhead of traditional brick-and-mortar offices.

At the core of eXp World’s offering is its proprietary virtual campus, which provides real-time training, collaboration and networking via an immersive online environment.