Zacks: Brokerages Anticipate Re/Max Holdings Inc (RMAX) to Announce $0.48 EPS

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Equities analysts expect that Re/Max Holdings Inc (NYSE:RMAX) will report $0.48 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Re/Max’s earnings. The highest EPS estimate is $0.49 and the lowest is $0.45. Re/Max posted earnings per share of $0.49 during the same quarter last year, which would suggest a negative year over year growth rate of 2%. The business is scheduled to report its next earnings results after the market closes on Thursday, May 2nd.

On average, analysts expect that Re/Max will report full year earnings of $2.25 per share for the current fiscal year, with EPS estimates ranging from $2.19 to $2.27. For the next year, analysts anticipate that the company will report earnings of $2.40 per share, with EPS estimates ranging from $2.36 to $2.42. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Re/Max.

Re/Max (NYSE:RMAX) last released its quarterly earnings data on Thursday, February 21st. The financial services provider reported $0.41 earnings per share for the quarter, hitting the consensus estimate of $0.41. Re/Max had a return on equity of 84.43% and a net margin of 12.72%. The business had revenue of $50.84 million during the quarter, compared to analysts’ expectations of $50.56 million. During the same quarter last year, the business posted $0.45 EPS. The business’s revenue was up 4.8% on a year-over-year basis.

Several equities research analysts have weighed in on the company. Zacks Investment Research cut Re/Max from a “hold” rating to a “sell” rating in a report on Wednesday. Morgan Stanley set a $39.00 price objective on Re/Max and gave the stock a “buy” rating in a report on Monday, March 18th. TheStreet upgraded Re/Max from a “c” rating to a “b-” rating in a report on Monday, March 11th. Compass Point assumed coverage on Re/Max in a report on Thursday, January 24th. They issued a “neutral” rating and a $40.00 price objective for the company. Finally, Bank of America lowered Re/Max to a “sell” rating and set a $56.00 target price for the company. in a research report on Thursday, December 20th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $50.71.

Several large investors have recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its position in shares of Re/Max by 0.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 46,348 shares of the financial services provider’s stock worth $1,425,000 after acquiring an additional 279 shares in the last quarter. Stifel Financial Corp raised its position in shares of Re/Max by 1.4% in the 4th quarter. Stifel Financial Corp now owns 32,797 shares of the financial services provider’s stock worth $1,006,000 after acquiring an additional 438 shares in the last quarter. Texas Permanent School Fund raised its position in shares of Re/Max by 4.0% in the 4th quarter. Texas Permanent School Fund now owns 11,613 shares of the financial services provider’s stock worth $357,000 after acquiring an additional 447 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Re/Max by 3.4% in the 3rd quarter. Teachers Advisors LLC now owns 35,531 shares of the financial services provider’s stock worth $1,576,000 after acquiring an additional 1,159 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Re/Max by 0.9% in the 4th quarter. Principal Financial Group Inc. now owns 144,944 shares of the financial services provider’s stock worth $4,457,000 after acquiring an additional 1,262 shares in the last quarter. 99.57% of the stock is owned by hedge funds and other institutional investors.

NYSE RMAX traded up $0.16 on Friday, hitting $40.58. The company’s stock had a trading volume of 117 shares, compared to its average volume of 92,867. Re/Max has a 52-week low of $27.84 and a 52-week high of $58.65. The company has a debt-to-equity ratio of 2.87, a quick ratio of 5.40 and a current ratio of 5.40. The stock has a market cap of $723.47 million, a P/E ratio of 20.01, a price-to-earnings-growth ratio of 2.85 and a beta of 0.88.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were given a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.84 annualized dividend and a dividend yield of 2.07%. This is a positive change from Re/Max’s previous quarterly dividend of $0.20. Re/Max’s dividend payout ratio is currently 41.58%.

Re/Max Company Profile

RE/MAX Holdings, Inc operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. The company offers its real estate franchise services under the RE/MAX brand name; and mortgage brokerage services under the Motto Mortgage brand. It also provides real estate technology solutions.

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