eXp World Holdings, Inc. Plans Quarterly Dividend of $0.05 (NASDAQ:EXPI)

eXp World Holdings, Inc. (NASDAQ:EXPI) declared a quarterly dividend on Friday, July 26th, Zacks reports. Investors of record on Wednesday, August 14th will be given a dividend of 0.05 per share by the technology company on Friday, August 30th. This represents a $0.20 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Wednesday, August 14th.

eXp World has a payout ratio of 66.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect eXp World to earn $0.48 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 41.7%.

eXp World Price Performance

EXPI opened at $11.75 on Monday. The business has a 50 day simple moving average of $11.94 and a 200-day simple moving average of $11.55. The stock has a market capitalization of $1.82 billion, a P/E ratio of -69.12 and a beta of 2.34. eXp World has a 12 month low of $8.91 and a 12 month high of $24.48.

eXp World (NASDAQ:EXPI) last posted its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). eXp World had a negative net margin of 0.52% and a negative return on equity of 0.56%. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period last year, the firm posted $0.06 EPS. eXp World’s revenue was up 5.2% on a year-over-year basis. Research analysts anticipate that eXp World will post 0.18 EPS for the current year.

Wall Street Analyst Weigh In

EXPI has been the subject of a number of research analyst reports. DA Davidson upped their target price on eXp World from $11.75 to $13.50 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. BTIG Research raised shares of eXp World from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 23rd.

Insider Transactions at eXp World

In other news, CEO Glenn Darrel Sanford sold 25,000 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $11.05, for a total transaction of $276,250.00. Following the completion of the transaction, the chief executive officer now directly owns 41,563,393 shares in the company, valued at approximately $459,275,492.65. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold a total of 384,783 shares of company stock valued at $4,870,440 over the last three months. 35.70% of the stock is currently owned by corporate insiders.

eXp World Company Profile

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company operates through North American Realty, International Realty, Virbela, and Other Affiliated Services segments. It provides Virbela, a cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees.