RE/MAX - RMAX Stock Forecast, Price & News

RE/MAX Holdings, Inc. operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. The company operates through three segments: Real Estate, Mortgage, and Marketing Funds. It 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. In addition, the company provides First mobile app, which integrates a suite of digital products that enables agents, brokers, and teams to establish and manage client relationships; RE/MAX University platform, a learning hub designed to help each agent in their professional expertise; and Booj platform. The company was founded in 1973 and is headquartered in Denver, Colorado.

RE/MAX Trading Up 2.6 %

Shares of RMAX Stock traded up $0.71 during trading on Friday, hitting $28.09. 173,686 shares of the stock traded hands, compared to its average volume of 123,233. The firm has a market capitalization of $541.29 million, a P/E ratio of -35.11 and a beta of 1.27. The company has a debt-to-equity ratio of 7.01, a current ratio of 2.17 and a quick ratio of 2.17. The firm's fifty day moving average price is $24.67 and its 200-day moving average price is $26.15. RE/MAX has a 52-week low of $21.48 and a 52-week high of $35.34.

RE/MAX (NYSE:RMAX - Get Rating) last posted its earnings results on Thursday, August 4th. The financial services provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.04. RE/MAX had a negative net margin of 4.06% and a positive return on equity of 88.21%. The firm had revenue of $92.17 million during the quarter, compared to the consensus estimate of $92.54 million. During the same quarter last year, the firm earned $0.51 EPS. The firm's revenue for the quarter was up 19.3% on a year-over-year basis. As a group, research analysts forecast that RE/MAX will post 1.86 earnings per share for the current fiscal year.

RE/MAX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 30th. Investors of record on Tuesday, August 16th will be issued a $0.23 dividend. The ex-dividend date is Monday, August 15th. This represents a $0.92 annualized dividend and a yield of 3.28%. RE/MAX's dividend payout ratio (DPR) is presently -115.00%.

Insider Activity at RE/MAX

In related news, major shareholder Adam K. Peterson bought 12,000 shares of the company's stock in a transaction that occurred on Monday, July 18th. The stock was purchased at an average price of $24.37 per share, for a total transaction of $292,440.00. Following the acquisition, the insider now owns 2,120,805 shares of the company's stock, valued at $51,684,017.85. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other RE/MAX news, major shareholder Adam K. Peterson purchased 4,435 shares of the company's stock in a transaction on Thursday, June 23rd. The stock was acquired at an average price of $23.62 per share, for a total transaction of $104,754.70. Following the completion of the purchase, the insider now directly owns 2,012,927 shares in the company, valued at approximately $47,545,335.74. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Adam K. Peterson purchased 12,000 shares of the company's stock in a transaction on Monday, July 18th. The stock was acquired at an average price of $24.37 per share, with a total value of $292,440.00. Following the purchase, the insider now owns 2,120,805 shares of the company's stock, valued at $51,684,017.85. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 123,885 shares of company stock worth $2,887,325. Insiders own 3.37% of the company's stock.