RE/MAX (NYSE:RMAX – Get Free Report) is set to announce its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.18 per share for the quarter. RE/MAX has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.
RE/MAX (NYSE:RMAX – Get Free Report) last released its earnings results on Thursday, February 22nd. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. RE/MAX had a negative return on equity of 116.18% and a negative net margin of 21.19%. The firm had revenue of $76.60 million for the quarter, compared to the consensus estimate of $77.19 million. On average, analysts expect RE/MAX to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
RE/MAX Stock Performance
Shares of RMAX opened at $7.41 on Thursday. The stock has a 50-day moving average of $8.18 and a two-hundred day moving average of $9.94. The stock has a market cap of $135.43 million, a P/E ratio of -1.94 and a beta of 1.40. RE/MAX has a one year low of $6.94 and a one year high of $20.48.
Insider Buying and Selling at RE/MAX
Wall Street Analysts Forecast Growth
RMAX has been the subject of a number of research reports. StockNews.com downgraded RE/MAX from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Keefe, Bruyette & Woods decreased their price objective on shares of RE/MAX from $11.00 to $10.00 and set a “market perform” rating for the company in a research note on Wednesday, February 28th. Jonestrading reaffirmed a “hold” rating on shares of RE/MAX in a report on Friday, March 1st. Finally, Morgan Stanley reduced their target price on shares of RE/MAX from $9.00 to $7.00 and set an “underweight” rating for the company in a report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $14.00.
Get Our Latest Analysis on RE/MAX
RE/MAX Company Profile
RE/MAX Holdings, Inc operates as a franchisor of real estate brokerage services in the United States, Canada, and internationally. It operates through Real Estate, Mortgage, and Marketing Funds segments. The company 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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