Analysts Anticipate RE/MAX Holdings, Inc. (NYSE:RMAX) Will Post Earnings of $0.48 Per Share

Brokerages expect that RE/MAX Holdings, Inc. (NYSE:RMAX – Get Rating) will announce earnings of $0.48 per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for RE/MAX’s earnings. The highest EPS estimate is $0.50 and the lowest is $0.47. RE/MAX posted earnings of $0.46 per share during the same quarter last year, which would indicate a positive year over year growth rate of 4.3%. The company is scheduled to issue its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that RE/MAX will report full year earnings of $2.55 per share for the current year, with EPS estimates ranging from $2.52 to $2.58. For the next year, analysts expect that the business will post earnings of $2.69 per share, with EPS estimates ranging from $2.65 to $2.75. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow RE/MAX.

RE/MAX (NYSE:RMAX – Get Rating) last issued its quarterly earnings data on Wednesday, February 23rd. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $89.16 million during the quarter, compared to the consensus estimate of $88.82 million.

RMAX has been the subject of a number of research reports. Zacks Investment Research raised shares of RE/MAX from a “sell” rating to a “hold” rating in a research report on Tuesday, March 29th. Jonestrading initiated coverage on shares of RE/MAX in a research report on Wednesday, March 2nd. They set a “buy” rating and a $38.00 target price for the company. Morgan Stanley reduced their target price on shares of RE/MAX from $30.50 to $28.50 and set an “equal weight” rating for the company in a research report on Wednesday, March 9th. Keefe, Bruyette & Woods reduced their target price on shares of RE/MAX from $37.00 to $35.00 in a research report on Monday, February 28th. Finally, StockNews.com initiated coverage on shares of RE/MAX in a research report on Thursday, March 31st. They set a “hold” rating for the company. Three 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 stock has an average rating of “Hold” and a consensus price target of $34.90.

A number of hedge funds and other institutional investors have recently bought and sold shares of RMAX. Lazard Asset Management LLC increased its holdings in shares of RE/MAX by 76.0% in the 4th quarter. Lazard Asset Management LLC now owns 2,165 shares of the financial services provider’s stock worth $66,000 after buying an additional 935 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of RE/MAX by 143.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,708 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 1,594 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of RE/MAX by 134.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,750 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 1,576 shares during the last quarter. Martingale Asset Management L P bought a new position in shares of RE/MAX during the 3rd quarter valued at $209,000. Finally, Maryland State Retirement & Pension System bought a new position in shares of RE/MAX during the 3rd quarter valued at $231,000. Institutional investors and hedge funds own 94.38% of the company’s stock.

RMAX stock traded up $0.11 during trading on Friday, reaching $26.39. The stock had a trading volume of 90,406 shares, compared to its average volume of 183,059. RE/MAX has a one year low of $25.58 and a one year high of $41.25. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 6.48. The company’s 50 day moving average is $28.93 and its two-hundred day moving average is $29.89. The company has a market capitalization of $498.51 million, a price-to-earnings ratio of -31.05 and a beta of 1.40.

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