Exp World Holdings, Inc. (NASDAQ:EXPI) to Issue Quarterly Dividend of $0.05

Key Points

• Exp World Holdings, Inc. has declared a quarterly dividend of $0.05 per share, with a yield of 2.1%, payable on August 29th to investors of record on August 15th.
• The company's stock recently fell by 12.6%, closing at $9.42 and reflecting a significant trading volume, indicating market volatility.
• Exp World reported a loss of ($0.01) earnings per share for the last quarter, missing analysts' consensus expectations, despite achieving a revenue of $1.31 billion.

Exp World Holdings, Inc. (NASDAQ:EXPI - Get Free Report) declared a quarterly dividend on Friday, August 1st, Wall Street Journal reports. Investors of record on Friday, August 15th will be given a dividend of 0.05 per share by the technology company on Friday, August 29th. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, August 15th.

Exp World has a dividend 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 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 Stock Down 12.6%

Shares of Exp World stock traded down $1.36 on Friday, reaching $9.42. The company's stock had a trading volume of 2,347,720 shares, compared to its average volume of 1,174,344. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of -85.64 and a beta of 2.52. The firm's fifty day simple moving average is $9.47 and its two-hundred day simple moving average is $9.68. Exp World has a 52 week low of $6.90 and a 52 week high of $15.39.

Exp World (NASDAQ:EXPI - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.13). The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.30 billion. Exp World had a positive return on equity of 1.85% and a negative net margin of 0.36%. The business's quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business earned $0.08 earnings per share. As a group, research analysts predict that Exp World will post 0.48 EPS for the current year.

Analyst Ratings Changes

Separately, DA Davidson set a $12.00 target price on Exp World and gave the stock a "buy" rating in a report on Friday, July 11th.

Exp World Company Profile

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company operates through North American Realty, International Realty, Virbela, and Other Affiliated Services segments. It provides Virbela, a cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees.

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