Analysts Anticipate RE/MAX Holdings, Inc. (NYSE:RMAX) Will Announce Earnings of $0.71 Per Share

Analysts predict that RE/MAX Holdings, Inc. (NYSE:RMAX – Get Rating) will announce earnings per share of $0.71 for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for RE/MAX’s earnings, with the highest EPS estimate coming in at $0.73 and the lowest estimate coming in at $0.68. RE/MAX reported earnings per share of $0.63 in the same quarter last year, which suggests a positive year over year growth rate of 12.7%. The company is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that RE/MAX will report full year earnings of $2.55 per share for the current financial year, with EPS estimates ranging from $2.52 to $2.58. For the next fiscal year, analysts forecast that the business will report earnings of $2.69 per share, with EPS estimates ranging from $2.65 to $2.75. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for RE/MAX.

RE/MAX (NYSE:RMAX – Get Rating) last released its quarterly earnings data on Thursday, April 28th. The financial services provider reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.22. The business had revenue of $91.00 million during the quarter, compared to analyst estimates of $90.77 million. RE/MAX had a negative net margin of 4.42% and a positive return on equity of 68.84%. RE/MAX’s revenue was up 25.9% compared to the same quarter last year. During the same period last year, the business earned $0.18 EPS.

Several analysts have commented on the company. Keefe, Bruyette & Woods cut their target price on RE/MAX from $37.00 to $35.00 in a research note on Monday, February 28th. Morgan Stanley reduced their price objective on RE/MAX from $30.50 to $28.50 and set an “equal weight” rating for the company in a report on Wednesday, March 9th. Zacks Investment Research upgraded shares of RE/MAX from a “sell” rating to a “hold” rating in a research note on Saturday, April 30th. StockNews.com started coverage on shares of RE/MAX in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Jonestrading assumed coverage on shares of RE/MAX in a research report on Wednesday, March 2nd. They set a “buy” rating and a $38.00 price objective on the stock. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $34.90.

Shares of RMAX opened at $22.94 on Friday. RE/MAX has a twelve month low of $21.48 and a twelve month high of $35.90. The company has a market capitalization of $442.05 million, a P/E ratio of -27.64 and a beta of 1.41. The firm has a 50 day moving average of $26.33 and a 200 day moving average of $28.63. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 6.40.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 25th. Shareholders of record on Wednesday, May 11th will be given a $0.23 dividend. The ex-dividend date is Tuesday, May 10th. This represents a $0.92 annualized dividend and a yield of 4.01%. RE/MAX’s payout ratio is -110.84%.

Several institutional investors and hedge funds have recently bought and sold shares of RMAX. Captrust Financial Advisors increased its stake in shares of RE/MAX by 115.0% in the 1st quarter. Captrust Financial Advisors now owns 1,017 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 544 shares in the last quarter. Lazard Asset Management LLC grew its holdings in RE/MAX by 76.0% during the fourth quarter. Lazard Asset Management LLC now owns 2,165 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 935 shares during the period. Clearstead Advisors LLC purchased a new stake in RE/MAX in the first quarter worth about $72,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of RE/MAX by 143.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,708 shares of the financial services provider’s stock worth $83,000 after buying an additional 1,594 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position 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 buying an additional 1,576 shares in the last quarter. 94.37% of the stock is currently owned by institutional investors.

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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