RE/MAX - RMAX Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for RE/MAX in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" RMAX shares.
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3 equities research analysts have issued 1 year target prices for RE/MAX's shares. Their RMAX share price forecasts range from $26.00 to $35.00. On average, they expect the company's stock price to reach $29.38 in the next twelve months. This suggests a possible upside of 44.9% from the stock's current price.
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RE/MAX's stock was trading at $30.49 at the beginning of the year. Since then, RMAX stock has decreased by 33.5% and is now trading at $20.27.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
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RE/MAX Holdings, Inc. (NYSE:RMAX) announced its quarterly earnings data on Monday, November, 22nd. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.08. The financial services provider had revenue of $91 million for the quarter, compared to analysts' expectations of $89.80 million. RE/MAX had a trailing twelve-month return on equity of 89.01% and a net margin of 2.91%. RE/MAX's revenue for the quarter was up 28.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 earnings per share.

RE/MAX announced a quarterly dividend on Wednesday, November 2nd. Investors of record on Wednesday, November 16th will be paid a dividend of $0.23 per share on Wednesday, November 30th. This represents a $0.92 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date of this dividend is Tuesday, November 15th.
Read our dividend analysis for RMAX.

RE/MAX (NYSE:RMAX) pays an annual dividend of $0.92 per share and currently has a dividend yield of 4.51%. RMAX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 167.28%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, RMAX will have a dividend payout ratio of 52.57% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RMAX.

RE/MAX updated its fourth quarter 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $80.00 million-$85.00 million, compared to the consensus revenue estimate of $86.33 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.56%), Vanguard Group Inc. (12.24%), Magnolia Group LLC (11.40%), Dimensional Fund Advisors LP (7.38%), Renaissance Technologies LLC (4.98%) and State Street Corp (3.66%). Insiders that own company stock include Adam K Peterson, Brett A Ritchie, Ronald E Harrison and Serene M Smith.
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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 $20.27.

RE/MAX (NYSE:RMAX) has a market capitalization of $369.83 million and generates $329.70 million in revenue each year. The financial services provider earns $-15,620,000.00 in net income (profit) each year or $0.55 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.