Zacks: Analysts Anticipate RE/MAX Holdings, Inc. (NYSE:RMAX) Will Post Earnings of $0.66 Per Share

Wall Street analysts forecast that RE/MAX Holdings, Inc. (NYSE:RMAXGet Rating) will announce $0.66 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for RE/MAX’s earnings, with the lowest EPS estimate coming in at $0.61 and the highest estimate coming in at $0.72. RE/MAX posted earnings per share of $0.63 during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.8%. The company is expected to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that RE/MAX will report full year earnings of $2.50 per share for the current fiscal year, with EPS estimates ranging from $2.44 to $2.52. For the next fiscal year, analysts expect that the firm will post earnings of $2.60 per share, with EPS estimates ranging from $2.55 to $2.66. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for RE/MAX.

RE/MAX (NYSE:RMAXGet Rating) last announced its quarterly earnings results 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 analysts’ expectations of $90.77 million. RE/MAX had a negative net margin of 4.42% and a positive return on equity of 68.84%. The business’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same period last year, the business earned $0.18 earnings per share.

A number of brokerages recently weighed in on RMAX. Morgan Stanley dropped their price objective on shares of RE/MAX from $30.50 to $28.50 and set an “equal weight” rating for the company in a report on Wednesday, March 9th. Keefe, Bruyette & Woods lowered their price target on shares of RE/MAX from $37.00 to $35.00 in a report on Monday, February 28th. Jonestrading began 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 report on Saturday, April 30th. Finally, StockNews.com began coverage on shares of RE/MAX in a report on Thursday, March 31st. They set a “hold” rating for the company. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $34.90.

Shares of RMAX stock opened at $24.35 on Friday. The company has a debt-to-equity ratio of 6.40, a quick ratio of 1.95 and a current ratio of 1.95. The company has a 50 day moving average price of $24.79 and a 200 day moving average price of $27.78. RE/MAX has a fifty-two week low of $21.48 and a fifty-two week high of $35.62.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 25th. Stockholders of record on Wednesday, May 11th were given a dividend of $0.23 per share. The ex-dividend date was Tuesday, May 10th. This represents a $0.92 annualized dividend and a dividend yield of 3.78%. RE/MAX’s dividend payout ratio is presently -110.84%.

Several large investors have recently modified their holdings of RMAX. Magnolia Group LLC purchased a new stake in shares of RE/MAX during the 1st quarter worth approximately $23,429,000. Assenagon Asset Management S.A. purchased a new position in RE/MAX during the 4th quarter worth $6,958,000. Balyasny Asset Management LLC purchased a new position in RE/MAX during the 3rd quarter worth $5,327,000. Aureus Asset Management LLC raised its position in RE/MAX by 16.2% during the 1st quarter. Aureus Asset Management LLC now owns 830,829 shares of the financial services provider’s stock worth $23,039,000 after buying an additional 116,072 shares during the last quarter. Finally, Morgan Stanley raised its position in RE/MAX by 63.9% during the 3rd quarter. Morgan Stanley now owns 231,505 shares of the financial services provider’s stock worth $7,214,000 after buying an additional 90,261 shares during the last quarter. Institutional investors and hedge funds own 94.37% of the company’s stock.

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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