RE/MAX (NYSE:RMAX) Releases Earnings Results, Misses Estimates By $0.03 EPS

Key Points

• RE/MAX reported earnings of **$0.32 per share**, missing analysts' expectations of **$0.35** by **$0.03**.
• The company has a **negative return on equity of 45.15%** and a **net margin of 2.80%**, indicating financial challenges.
• Shares of RE/MAX rose **$0.36** to trade at **$8.55**, with recent trading volume significantly higher than average at **352,192 shares**.

RE/MAX (NYSE:RMAX - Get Free Report) issued its earnings results on Tuesday. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.03), Zacks reports. RE/MAX had a negative return on equity of 45.15% and a net margin of 2.80%.

RE/MAX Price Performance

Shares of RE/MAX stock traded up $0.36 on Tuesday, hitting $8.55. 352,192 shares of the company's stock traded hands, compared to its average volume of 165,044. RE/MAX has a one year low of $6.90 and a one year high of $14.31. The company has a fifty day moving average of $8.03 and a two-hundred day moving average of $8.50. The company has a market capitalization of $170.42 million, a price-to-earnings ratio of 19.89 and a beta of 1.17.

Insider Activity at RE/MAX

In related news, EVP Abigail C. Lee sold 10,000 shares of the company's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $7.78, for a total transaction of $77,800.00. Following the transaction, the executive vice president directly owned 151,874 shares of the company's stock, valued at approximately $1,181,579.72. This represents a 6.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC raised its stake in shares of RE/MAX by 388.7% in the first quarter. Jane Street Group LLC now owns 57,213 shares of the financial services provider's stock worth $479,000 after purchasing an additional 45,506 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of RE/MAX during the first quarter valued at approximately $129,000. Empowered Funds LLC increased its position in shares of RE/MAX by 7.1% during the first quarter. Empowered Funds LLC now owns 124,913 shares of the financial services provider's stock valued at $1,046,000 after acquiring an additional 8,318 shares during the last quarter. Finally, Strs Ohio purchased a new stake in shares of RE/MAX during the first quarter valued at approximately $30,000. 93.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RMAX has been the subject of a number of recent research reports. Wall Street Zen cut RE/MAX from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Keefe, Bruyette & Woods lowered their target price on RE/MAX from $10.00 to $9.00 and set a "market perform" rating for the company in a report on Monday, April 28th.

RE/MAX Company Profile

RE/MAX Holdings, Inc operates as a franchisor of real estate brokerage services in the United States, Canada, and internationally. It operates through Real Estate, Mortgage, and Marketing Funds segments. The company offers real estate brokerage franchising services under the RE/MAX brand; mortgage brokerage services to real estate brokers, real estate professionals, mortgage professionals, and other investors under the Motto Mortgage brand; and mortgage loan processing software and services under the wemlo brand.

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