RE/MAX (NYSE:RMAX – Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect RE/MAX to post earnings of $0.18 per share for the quarter. RE/MAX has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.
RE/MAX (NYSE:RMAX – Get Free Report) last posted its earnings results on Thursday, February 22nd. The financial services provider reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $76.60 million for the quarter, compared to the consensus estimate of $77.19 million. RE/MAX had a negative return on equity of 116.18% and a negative net margin of 21.19%. On average, analysts expect RE/MAX to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
RE/MAX Stock Up 4.4 %
RE/MAX stock opened at $7.41 on Thursday. RE/MAX has a 52-week low of $6.94 and a 52-week high of $20.48. The company has a market cap of $135.43 million, a P/E ratio of -1.94 and a beta of 1.40. The business has a 50-day simple moving average of $8.18 and a two-hundred day simple moving average of $9.94.
Analyst Ratings Changes
Read Our Latest Research Report on RMAX
Insider Transactions at RE/MAX
In other RE/MAX news, EVP Abigail C. Lee sold 4,500 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $8.51, for a total value of $38,295.00. Following the completion of the sale, the executive vice president now owns 89,229 shares in the company, valued at approximately $759,338.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, major shareholder Adam K. Peterson acquired 54,000 shares of the business’s stock in a transaction on Monday, March 18th. The stock was acquired at an average cost of $7.64 per share, with a total value of $412,560.00. Following the acquisition, the insider now directly owns 3,037,843 shares in the company, valued at approximately $23,209,120.52. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Abigail C. Lee sold 4,500 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $8.51, for a total transaction of $38,295.00. Following the completion of the transaction, the executive vice president now directly owns 89,229 shares in the company, valued at approximately $759,338.79. The disclosure for this sale can be found here. Corporate insiders own 4.61% of the company’s stock.
RE/MAX Company Profile
RE/MAX Holdings, Inc operates as a franchisor of real estate brokerage services in the United States, Canada, and internationally. It operates through Real Estate, Mortgage, and Marketing Funds segments. The company offers real estate brokerage franchising services under the RE/MAX brand; mortgage brokerage services to real estate brokers, real estate professionals, mortgage professionals, and other investors under the Motto Mortgage brand; and mortgage loan processing software and services under the wemlo brand.
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