Analysts Anticipate Re/Max Holdings Inc (RMAX) to Post $0.52 Earnings Per Share

Brokerages expect Re/Max Holdings Inc (NYSE:RMAX) to report earnings per share of $0.52 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Re/Max’s earnings, with the highest EPS estimate coming in at $0.58 and the lowest estimate coming in at $0.49. Re/Max posted earnings of $0.46 per share in the same quarter last year, which indicates a positive year over year growth rate of 13%. The business is expected to issue its next quarterly earnings results on Thursday, February 28th.

On average, analysts expect that Re/Max will report full-year earnings of $2.28 per share for the current year, with EPS estimates ranging from $2.25 to $2.35. For the next year, analysts expect that the firm will post earnings of $2.42 per share, with EPS estimates ranging from $2.30 to $2.59. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Re/Max.

Re/Max (NYSE:RMAX) last released its quarterly earnings data on Thursday, November 1st. The financial services provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.06). The firm had revenue of $54.90 million during the quarter, compared to analyst estimates of $55.80 million. Re/Max had a net margin of 8.19% and a return on equity of 90.23%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 earnings per share.

RMAX has been the topic of several research analyst reports. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Re/Max in a research note on Friday, August 3rd. Zacks Investment Research raised Re/Max from a “hold” rating to a “strong-buy” rating and set a $64.00 price objective on the stock in a research note on Tuesday, July 24th. Stephens reduced their price objective on Re/Max from $60.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Monday. TheStreet lowered Re/Max from a “b-” rating to a “c+” rating in a research note on Friday, October 12th. Finally, Craig Hallum set a $50.00 price objective on Re/Max and gave the company a “buy” rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $56.50.

Shares of NYSE RMAX traded down $0.90 during midday trading on Friday, hitting $32.63. The stock had a trading volume of 144,032 shares, compared to its average volume of 125,078. The firm has a market capitalization of $605.67 million, a P/E ratio of 17.45, a P/E/G ratio of 2.29 and a beta of 0.66. Re/Max has a 1-year low of $32.23 and a 1-year high of $61.27. The company has a debt-to-equity ratio of 3.17, a current ratio of 5.51 and a quick ratio of 5.71.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 28th. Stockholders of record on Wednesday, November 14th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Tuesday, November 13th. Re/Max’s dividend payout ratio is currently 42.78%.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Re/Max by 5.2% during the 3rd quarter. BlackRock Inc. now owns 2,559,945 shares of the financial services provider’s stock worth $113,532,000 after acquiring an additional 127,191 shares in the last quarter. Van Berkom & Associates Inc. lifted its position in Re/Max by 28.2% during the 3rd quarter. Van Berkom & Associates Inc. now owns 1,797,834 shares of the financial services provider’s stock worth $79,734,000 after acquiring an additional 395,932 shares in the last quarter. Renaissance Technologies LLC lifted its position in Re/Max by 7.0% during the 2nd quarter. Renaissance Technologies LLC now owns 998,100 shares of the financial services provider’s stock worth $52,350,000 after acquiring an additional 64,900 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Re/Max by 15.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 829,693 shares of the financial services provider’s stock worth $43,517,000 after acquiring an additional 110,530 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Re/Max by 40.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 688,309 shares of the financial services provider’s stock worth $30,526,000 after acquiring an additional 198,539 shares in the last quarter. 99.59% of the stock is currently owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for Re/Max (NYSE:RMAX)

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