Exp World Holdings, Inc. (NASDAQ:AGNT) Declares $0.05 Quarterly Dividend

Key Points

• eXp World Holdings declared a quarterly dividend of $0.05 per share, payable August 28 to shareholders of record on August 14, implying a $0.20 annualized dividend and a 4.7% yield.
• The dividend has a 90.9% payout ratio based on current earnings, while analysts expect next year’s earnings of $0.10 per share—potentially raising the future payout ratio to 200% and putting dividend coverage at risk.
• Shares rose 0.5% to $4.29, but the company recently reported a quarterly loss of $0.02 per share versus expectations for $0.08 in earnings, despite 10.7% year-over-year revenue growth.

Exp World Holdings, Inc. (NASDAQ:AGNT - Get Free Report) announced a quarterly dividend on Tuesday, July 28th, NASDAQ Dividends reports. Shareholders of record on Friday, August 14th will be paid a dividend of 0.05 per share by the technology company on Friday, August 28th. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date is Friday, August 14th.

Exp World has a payout ratio of 90.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. Analysts expect Exp World to earn $0.10 per share next year, which means the company may not be able to cover its $0.20 annual dividend with an expected future payout ratio of 200.0%.

Exp World Trading Up 0.5%

Shares of NASDAQ AGNT traded up $0.02 during trading on Wednesday, reaching $4.29. 65,913 shares of the company traded hands, compared to its average volume of 1,213,544. The stock has a market cap of $704.95 million, a P/E ratio of -39.00 and a beta of 2.09. The firm's fifty day simple moving average is $4.62 and its 200 day simple moving average is $5.89. Exp World has a 12-month low of $3.68 and a 12-month high of $12.23.

Exp World (NASDAQ:AGNT - Get Free Report) last issued its earnings results on Friday, August 7th. The technology company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.10). Exp World had a negative return on equity of 5.43% and a negative net margin of 0.35%.The firm's revenue was up 10.7% on a year-over-year basis. As a group, research analysts expect that Exp World will post -0.07 EPS for the current year.

Institutional Trading of Exp World

Several institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC purchased a new position in shares of Exp World during the 4th quarter valued at approximately $25,000. PNC Financial Services Group Inc. increased its holdings in Exp World by 139.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,429 shares of the technology company's stock worth $31,000 after acquiring an additional 1,998 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in Exp World during the fourth quarter worth $37,000. Geneos Wealth Management Inc. raised its position in Exp World by 41.2% during the first quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company's stock worth $62,000 after acquiring an additional 1,856 shares during the period. Finally, CWM LLC lifted its holdings in Exp World by 632.6% during the fourth quarter. CWM LLC now owns 9,070 shares of the technology company's stock valued at $82,000 after purchasing an additional 7,832 shares in the last quarter. 27.17% of the stock is owned by institutional investors and hedge funds.

Exp World Company Profile

eXp World Holdings, Inc NASDAQ: EXPI is a cloud-based real estate company that operates a global brokerage model through its eXp Realty subsidiary. Founded in 2009 by industry veteran Glenn Sanford and headquartered in Bellingham, Washington, the company leverages a virtual business environment to connect and support real estate professionals. eXp Realty's technology-driven platform enables licensed agents to list, show and manage residential property transactions without the overhead of traditional brick-and-mortar offices.

At the core of eXp World's offering is its proprietary virtual campus, which provides real-time training, collaboration and networking via an immersive online environment.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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