Re/Max Holdings Inc (RMAX) Expected to Post Quarterly Sales of $55.04 Million
Equities research analysts expect Re/Max Holdings Inc (NYSE:RMAX) to post sales of $55.04 million for the current quarter, Zacks reports. Three analysts have made estimates for Re/Max’s earnings, with the highest sales estimate coming in at $55.23 million and the lowest estimate coming in at $54.90 million. The firm is scheduled to announce its next quarterly earnings report on Thursday, November 1st.
On average, analysts expect that Re/Max will report full-year sales of $215.00 million for the current year. For the next financial year, analysts expect that the company will post sales of $228.57 million per share, with estimates ranging from $227.80 million to $229.38 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Re/Max.
Re/Max (NYSE:RMAX) last issued its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.03. The company had revenue of $54.30 million for the quarter, compared to the consensus estimate of $53.28 million. Re/Max had a net margin of 6.32% and a return on equity of 74.33%. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 EPS.
In related news, Director Daniel J. Predovich sold 1,576 shares of the business’s stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $54.28, for a total value of $85,545.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.43% of the company’s stock.
A number of institutional investors have recently made changes to their positions in RMAX. SG Americas Securities LLC bought a new stake in Re/Max in the 1st quarter valued at about $110,000. GSA Capital Partners LLP bought a new stake in shares of Re/Max during the second quarter valued at about $203,000. Itau Unibanco Holding S.A. bought a new stake in shares of Re/Max during the second quarter valued at about $205,000. Xact Kapitalforvaltning AB bought a new stake in shares of Re/Max during the first quarter valued at about $222,000. Finally, Hikari Power Ltd bought a new stake in shares of Re/Max during the second quarter valued at about $234,000. Institutional investors and hedge funds own 99.21% of the company’s stock.
Shares of NYSE:RMAX opened at $48.75 on Tuesday. The company has a current ratio of 5.71, a quick ratio of 5.71 and a debt-to-equity ratio of 3.79. The stock has a market capitalization of $860.68 million, a P/E ratio of 26.07, a P/E/G ratio of 3.03 and a beta of 0.47. Re/Max has a fifty-two week low of $43.85 and a fifty-two week high of $67.50.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 29th. Investors of record on Wednesday, August 15th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Tuesday, August 14th. Re/Max’s dividend payout ratio is currently 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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