Analysts Anticipate RE/MAX Holdings, Inc. (NYSE:RMAX) Will Announce Quarterly Sales of $90.35 Million

Wall Street brokerages predict that RE/MAX Holdings, Inc. (NYSE:RMAXGet Rating) will announce sales of $90.35 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for RE/MAX’s earnings. The lowest sales estimate is $89.80 million and the highest is $91.18 million. RE/MAX posted sales of $72.30 million during the same quarter last year, which suggests a positive year-over-year growth rate of 25%. The company is expected to report its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that RE/MAX will report full year sales of $372.52 million for the current financial year, with estimates ranging from $370.80 million to $375.55 million. For the next financial year, analysts forecast that the company will report sales of $388.70 million, with estimates ranging from $384.40 million to $397.05 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for RE/MAX.

RE/MAX (NYSE:RMAXGet Rating) last released its quarterly earnings data on Wednesday, February 23rd. The financial services provider reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.08. RE/MAX had a negative net margin of 4.78% and a positive return on equity of 53.58%. The firm had revenue of $89.16 million for the quarter, compared to the consensus estimate of $88.82 million.

A number of brokerages have issued reports on RMAX. Zacks Investment Research upgraded shares of RE/MAX from a “sell” rating to a “hold” rating in a research note on Tuesday, March 29th. StockNews.com began coverage on shares of RE/MAX in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of RE/MAX from $37.00 to $35.00 in a research note on Monday, February 28th. Jonestrading began coverage on shares of RE/MAX in a research note on Wednesday, March 2nd. They set a “buy” rating and a $38.00 price objective on the stock. Finally, Morgan Stanley reduced their price objective on shares of RE/MAX from $30.50 to $28.50 and set an “equal weight” rating on the stock in a research note on Wednesday, March 9th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $34.90.

Several hedge funds have recently made changes to their positions in the company. LPL Financial LLC grew its position in shares of RE/MAX by 3.6% during the 3rd quarter. LPL Financial LLC now owns 10,822 shares of the financial services provider’s stock worth $337,000 after buying an additional 377 shares during the period. Voya Investment Management LLC grew its position in RE/MAX by 2.1% in the 3rd quarter. Voya Investment Management LLC now owns 19,495 shares of the financial services provider’s stock valued at $608,000 after purchasing an additional 401 shares during the period. UBS Asset Management Americas Inc. grew its position in RE/MAX by 3.0% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 18,321 shares of the financial services provider’s stock valued at $571,000 after purchasing an additional 531 shares during the period. Deutsche Bank AG grew its position in RE/MAX by 5.7% in the 4th quarter. Deutsche Bank AG now owns 11,250 shares of the financial services provider’s stock valued at $343,000 after purchasing an additional 604 shares during the period. Finally, California State Teachers Retirement System grew its position in RE/MAX by 2.8% in the 4th quarter. California State Teachers Retirement System now owns 26,227 shares of the financial services provider’s stock valued at $800,000 after purchasing an additional 724 shares during the period. 94.38% of the stock is owned by institutional investors.

Shares of RMAX stock traded up $0.11 on Tuesday, hitting $26.39. The company’s stock had a trading volume of 90,406 shares, compared to its average volume of 183,059. The company has a debt-to-equity ratio of 6.48, a quick ratio of 1.81 and a current ratio of 1.81. The stock’s 50 day moving average is $28.93 and its 200-day moving average is $29.89. RE/MAX has a fifty-two week low of $25.58 and a fifty-two week high of $41.25. The company has a market capitalization of $498.51 million, a PE ratio of -31.05 and a beta of 1.40.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 16th. Shareholders of record on Friday, March 4th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, March 3rd. This represents a $0.92 annualized dividend and a yield of 3.49%. RE/MAX’s payout ratio is -108.23%.

About RE/MAX (Get Rating)

RE/MAX Holdings, Inc operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. The company operates through three segments: Real Estate, Mortgage, and Marketing Funds. It offers real estate brokerage franchising services under the RE/MAX brand; mortgage brokerage services to real estate brokers, real estate professionals, mortgage professionals, and other investors under the Motto Mortgage brand; and mortgage loan processing software and services under the wemlo brand.

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