RE/MAX (RMAX) Set to Announce Quarterly Earnings on Thursday

RE/MAX (NYSE:RMAXGet Rating) is scheduled to post its quarterly earnings results after the market closes on Thursday, April 28th. Analysts expect RE/MAX to post earnings of $0.29 per share for the quarter. RE/MAX has set its Q1 2022 guidance at EPS and its FY 2022 guidance at EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

RE/MAX (NYSE:RMAXGet Rating) last announced its earnings results on Wednesday, February 23rd. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.08. The company had revenue of $89.16 million for the quarter, compared to analyst estimates of $88.82 million. RE/MAX had a positive return on equity of 53.58% and a negative net margin of 4.78%. On average, analysts expect RE/MAX to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of NYSE RMAX opened at $25.95 on Thursday. The firm has a market cap of $490.22 million, a price-to-earnings ratio of -30.53 and a beta of 1.40. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 6.48. RE/MAX has a 52-week low of $25.58 and a 52-week high of $37.92. The business’s 50 day moving average is $28.40 and its two-hundred day moving average is $29.64.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 16th. Shareholders of record on Friday, March 4th were paid a $0.23 dividend. The ex-dividend date of this dividend was Thursday, March 3rd. This represents a $0.92 annualized dividend and a dividend yield of 3.55%. RE/MAX’s dividend payout ratio (DPR) is -108.23%.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley boosted its holdings in shares of RE/MAX by 63.9% in the 3rd quarter. Morgan Stanley now owns 231,505 shares of the financial services provider’s stock valued at $7,214,000 after buying an additional 90,261 shares during the period. BlackRock Inc. raised its holdings in shares of RE/MAX by 1.9% in the 4th quarter. BlackRock Inc. now owns 3,679,385 shares of the financial services provider’s stock worth $112,184,000 after purchasing an additional 69,991 shares in the last quarter. State Street Corp raised its holdings in shares of RE/MAX by 8.0% in the 4th quarter. State Street Corp now owns 641,342 shares of the financial services provider’s stock worth $19,555,000 after purchasing an additional 47,611 shares in the last quarter. Invesco Ltd. raised its holdings in shares of RE/MAX by 52.7% in the 4th quarter. Invesco Ltd. now owns 69,162 shares of the financial services provider’s stock worth $2,109,000 after purchasing an additional 23,882 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of RE/MAX by 123.4% in the 2nd quarter. Wells Fargo & Company MN now owns 39,236 shares of the financial services provider’s stock worth $1,307,000 after purchasing an additional 21,669 shares in the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

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.

Featured Stories

Earnings History for RE/MAX (NYSE:RMAX)

Receive News & Ratings for RE/MAX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RE/MAX and related companies with MarketBeat.com's FREE daily email newsletter.