Exp World Holdings, Inc. (NASDAQ:EXPI) Plans $0.05 Quarterly Dividend

Key Points

• eXp World declared a quarterly dividend of $0.05 per share (annualized $0.20) with a record/ex-dividend date of March 9 and payable on March 27, implying a dividend yield of about 3.1%.
• The dividend is currently nearly fully covered with a payout ratio of 90.9%, though analysts project $0.25 EPS next year (an implied payout ratio of ~80%), so coverage could weaken if earnings slip.
• In the most recent quarter eXp reported a loss of ($0.08) EPS, missing estimates by $0.05, while revenue rose 8.5% year-over-year to $1.19 billion; the company has a market cap of ~$1.05 billion and negative P/E and margins.

Exp World Holdings, Inc. (NASDAQ:EXPI - Get Free Report) declared a quarterly dividend on Tuesday, February 10th. Investors of record on Monday, March 9th will be given a dividend of 0.05 per share by the technology company on Friday, March 27th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, March 9th.

Exp World has a payout ratio of 90.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Equities research analysts expect Exp World to earn $0.25 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 80.0%.

Exp World Price Performance

NASDAQ EXPI opened at $6.49 on Friday. The company has a fifty day moving average price of $8.44 and a 200-day moving average price of $9.94. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of -46.35 and a beta of 2.13. Exp World has a 1 year low of $6.45 and a 1 year high of $12.23.

Exp World (NASDAQ:EXPI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The technology company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.05). The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. Exp World had a negative return on equity of 10.00% and a negative net margin of 0.48%.The business's revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.06) earnings per share. On average, research analysts anticipate that Exp World will post 0.48 EPS for the current fiscal year.

About Exp World

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.

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