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 year. 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 brokers have issued 12 month price objectives for RE/MAX's shares. 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 year. This suggests a possible upside of 31.8% 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 at the beginning of 2023. Since then, RMAX stock has decreased by 0.3% and is now trading at $18.59.
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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 results on Friday, May, 5th. The financial services provider reported $0.26 earnings per share for the quarter, meeting analysts' consensus estimates of $0.26. The financial services provider earned $85.40 million during the quarter, compared to analyst estimates 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 company's quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 EPS.

RE/MAX declared a quarterly dividend on Wednesday, May 3rd. Shareholders 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 dividend on an annualized basis and a yield of 4.95%. 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),

RE/MAX (NYSE:RMAX) pays an annual dividend of $0.92 per share and currently has a dividend yield of 4.95%. 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 updated 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 variety 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 $18.59.

RE/MAX (NYSE:RMAX) has a market capitalization of $336.85 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.