Re/Max Holdings Inc (RMAX) Expected to Announce Earnings of $0.63 Per Share
Wall Street analysts predict that Re/Max Holdings Inc (NYSE:RMAX) will post earnings of $0.63 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Re/Max’s earnings. The lowest EPS estimate is $0.60 and the highest is $0.65. The business is expected to report its next quarterly earnings results on Thursday, November 1st.
According to Zacks, analysts expect that Re/Max will report full year earnings of $2.29 per share for the current financial year, with EPS estimates ranging from $2.26 to $2.35. For the next fiscal year, analysts anticipate that the company will report earnings of $2.50 per share, with EPS estimates ranging from $2.41 to $2.59. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Re/Max.
Re/Max (NYSE:RMAX) last announced its quarterly earnings data on Thursday, August 2nd. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.03. Re/Max had a return on equity of 74.33% and a net margin of 6.32%. The firm had revenue of $54.30 million for the quarter, compared to analysts’ expectations of $53.28 million. During the same quarter in the prior year, the firm posted $0.54 earnings per share. Re/Max’s revenue for the quarter was up 11.4% compared to the same quarter last year.
Several large investors have recently bought and sold shares of RMAX. SG Americas Securities LLC bought a new position in shares of Re/Max during the first quarter valued at approximately $110,000. GSA Capital Partners LLP bought a new position in Re/Max in the 2nd quarter worth approximately $203,000. Itau Unibanco Holding S.A. bought a new position in Re/Max in the 2nd quarter worth approximately $205,000. Xact Kapitalforvaltning AB bought a new position in Re/Max in the 1st quarter worth approximately $222,000. Finally, Hikari Power Ltd bought a new position in Re/Max in the 2nd quarter worth approximately $234,000. 99.21% of the stock is owned by institutional investors.
NYSE RMAX traded up $0.95 on Friday, hitting $43.80. 3,132 shares of the stock traded hands, compared to its average volume of 136,990. Re/Max has a twelve month low of $42.50 and a twelve month high of $67.50. The stock has a market capitalization of $764.85 million, a P/E ratio of 23.41, a PEG ratio of 2.89 and a beta of 0.44. The company has a quick ratio of 5.71, a current ratio of 5.71 and a debt-to-equity ratio of 3.79.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 29th. Stockholders of record on Wednesday, August 15th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Tuesday, August 14th. Re/Max’s dividend payout ratio (DPR) is presently 42.78%.
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. The company was founded in 1973 and is headquartered in Denver, Colorado.
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