RE/MAX (RMAX) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for RE/MAX in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RMAX shares.
View RMAX analyst ratings or view top-rated stocks.

2 Wall Street research analysts have issued 12-month price targets for RE/MAX's stock. Their RMAX share price forecasts range from $21.00 to $28.00. On average, they expect the company's share price to reach $24.50 in the next twelve months. This suggests a possible upside of 28.3% from the stock's current price.
View analysts price targets for RMAX or view top-rated stocks among Wall Street analysts.

RE/MAX's stock was trading at $18.64 on January 1st, 2023. Since then, RMAX shares have increased by 2.5% and is now trading at $19.10.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our RMAX earnings forecast.

RE/MAX Holdings, Inc. (NYSE:RMAX) issued its quarterly earnings data on Friday, May, 5th. The financial services provider reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. The financial services provider earned $85.40 million during the quarter, compared to the consensus estimate of $83.91 million. RE/MAX had a trailing twelve-month return on equity of 103.70% and a net margin of 0.78%. The business's quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 EPS.

RE/MAX announced a quarterly dividend on Wednesday, May 3rd. Stockholders of record on Wednesday, May 17th will be given a dividend of $0.23 per share on Wednesday, May 31st. This represents a $0.92 annualized dividend and a dividend yield of 4.82%. The ex-dividend date of this dividend is Tuesday, May 16th.
Read our dividend analysis for RMAX.

ETFs with the largest weight of RE/MAX (NYSE:RMAX) stock in their portfolio include Northern Lights Fund Trust IV - Inverse Cramer Tracker ETF (SJIM), Hoya Capital Housing ETF (HOMZ), Invesco S&P SmallCap 600 Pure Value ETF (RZV), Invesco S&P SmallCap Financials ETF (PSCF), Fidelity MSCI Real Estate Index ETF (FREL).Vanguard Real Estate ETF (VNQ) and

RE/MAX (NYSE:RMAX) pays an annual dividend of $0.92 per share and currently has a dividend yield of 4.69%. RMAX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 707.69%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, RMAX will have a dividend payout ratio of 82.14% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for RMAX.

RE/MAX issued an update on its second quarter 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $79.00 million-$84.00 million, compared to the consensus revenue estimate of $83.46 million.

84 employees have rated RE/MAX Chief Executive Officer Adam Contos on Glassdoor.com. Adam Contos has an approval rating of 91% among the company's employees. This puts Adam Contos in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other RE/MAX investors own include Weyerhaeuser (WY), JPMorgan Chase & Co. (JPM), Ambarella (AMBA), Bank of America (BAC), Citigroup (C), Cisco Systems (CSCO), eXp World (EXPI), Marathon Petroleum (MPC), Starbucks (SBUX) and Simon Property Group (SPG).

RE/MAX trades on the New York Stock Exchange (NYSE) under the ticker symbol "RMAX."

RE/MAX's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (17.28%), Magnolia Group LLC (14.34%), Dimensional Fund Advisors LP (7.90%), Renaissance Technologies LLC (4.95%), State Street Corp (3.86%) and Confluence Investment Management LLC (3.56%). Insiders that own company stock include Adam K Peterson, Adam W Grosshans, Brett A Ritchie and Ronald E Harrison.
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Shares of RMAX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RMAX stock can currently be purchased for approximately $19.10.

RE/MAX (NYSE:RMAX) has a market capitalization of $346.09 million and generates $353.39 million in revenue each year. The financial services provider earns $6.11 million in net income (profit) each year or $0.13 on an earnings per share basis.

The company employs 639 workers across the globe.

RE/MAX's mailing address is 5075 SOUTH SYRACUSE STREET, DENVER CO, 80237. The official website for the company is www.remax.com. The financial services provider can be reached via phone at (303) 770-5531, via email at investorrelations@remax.com, or via fax at 303-796-3599.