Re/Max Holdings Inc (RMAX) Expected to Announce Quarterly Sales of $65.25 Million

Equities research analysts expect Re/Max Holdings Inc (NYSE:RMAX) to post sales of $65.25 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Re/Max’s earnings, with the lowest sales estimate coming in at $53.30 million and the highest estimate coming in at $71.46 million. Re/Max reported sales of $52.64 million in the same quarter last year, which indicates a positive year over year growth rate of 24%. The business is scheduled to report its next earnings report after the market closes on Thursday, May 2nd.

According to Zacks, analysts expect that Re/Max will report full-year sales of $270.72 million for the current financial year, with estimates ranging from $215.60 million to $290.33 million. For the next fiscal year, analysts anticipate that the firm will report sales of $281.34 million, with estimates ranging from $223.30 million to $302.89 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Re/Max.

Re/Max (NYSE:RMAX) last posted its quarterly earnings results on Thursday, February 21st. The financial services provider reported $0.41 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. The firm had revenue of $50.84 million during the quarter, compared to the consensus estimate of $50.56 million. Re/Max had a net margin of 12.72% and a return on equity of 84.43%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 earnings per share.

Several equities analysts have issued reports on the stock. Zacks Investment Research lowered shares of Re/Max from a “hold” rating to a “sell” rating in a report on Wednesday. Bank of America lowered shares of Re/Max to a “sell” rating and set a $56.00 price objective on the stock. in a report on Thursday, December 20th. Compass Point assumed coverage on shares of Re/Max in a report on Thursday, January 24th. They set a “neutral” rating and a $40.00 price objective on the stock. Morgan Stanley set a $39.00 price objective on shares of Re/Max and gave the company a “buy” rating in a report on Monday, March 18th. Finally, TheStreet raised shares of Re/Max from a “c” rating to a “b-” rating in a report on Monday, March 11th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $50.71.

RMAX stock traded up $0.16 during trading on Friday, hitting $40.58. 117 shares of the company’s stock traded hands, compared to its average volume of 92,867. The firm has a market cap of $723.47 million, a price-to-earnings ratio of 20.01, a PEG ratio of 2.85 and a beta of 0.88. The company has a quick ratio of 5.40, a current ratio of 5.40 and a debt-to-equity ratio of 2.87. Re/Max has a 1 year low of $27.84 and a 1 year high of $58.65.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th were given a $0.21 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.07%. This is an increase from Re/Max’s previous quarterly dividend of $0.20. Re/Max’s dividend payout ratio is 41.58%.

Several institutional investors have recently modified their holdings of the business. Thrivent Financial for Lutherans raised its position in shares of Re/Max by 0.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 46,348 shares of the financial services provider’s stock worth $1,425,000 after acquiring an additional 279 shares during the period. Stifel Financial Corp increased its stake in shares of Re/Max by 1.4% during the fourth quarter. Stifel Financial Corp now owns 32,797 shares of the financial services provider’s stock worth $1,006,000 after purchasing an additional 438 shares in the last quarter. Texas Permanent School Fund increased its stake in shares of Re/Max by 4.0% during the fourth quarter. Texas Permanent School Fund now owns 11,613 shares of the financial services provider’s stock worth $357,000 after purchasing an additional 447 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Re/Max by 3.4% during the third quarter. Teachers Advisors LLC now owns 35,531 shares of the financial services provider’s stock worth $1,576,000 after purchasing an additional 1,159 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Re/Max by 0.9% during the fourth quarter. Principal Financial Group Inc. now owns 144,944 shares of the financial services provider’s stock worth $4,457,000 after purchasing an additional 1,262 shares in the last quarter. Institutional investors and hedge funds own 99.57% of the company’s stock.

About Re/Max

RE/MAX Holdings, Inc operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. The company offers its real estate franchise services under the RE/MAX brand name; and mortgage brokerage services under the Motto Mortgage brand. It also provides real estate technology solutions.

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