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

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 Thursday, July 24th, Wall Street Journal reports. Stockholders of record on Friday, August 15th will be paid 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 dividend yield of 1.9%. The ex-dividend date 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 decline. 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

Shares of Exp World stock traded up $0.23 during trading on Tuesday, hitting $10.33. 349,535 shares of the company's stock traded hands, compared to its average volume of 1,169,086. The company has a market cap of $1.61 billion, a PE ratio of -51.78 and a beta of 2.52. The firm's fifty day moving average price is $9.55 and its 200 day moving average price is $9.64. Exp World has a twelve month low of $6.90 and a twelve month high of $15.39.

Exp World (NASDAQ:EXPI - Get Free Report) last announced its 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 for the quarter, compared to analyst estimates of $1.30 billion. Exp World had a negative return on equity of 4.79% and a negative net margin of 0.68%. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.08 EPS. As a group, equities research analysts anticipate that Exp World will post 0.48 earnings per share for the current year.

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.