RE/MAX (NYSE:RMAX) Issues Earnings Results

RE/MAX (NYSE:RMAX) posted its quarterly earnings results on Thursday. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.10), Zacks reports. RE/MAX had a negative net margin of 3.08% and a negative return on equity of 35.76%. RE/MAX updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

RE/MAX Price Performance

RMAX stock traded down $0.32 on Thursday, reaching $10.15. The company’s stock had a trading volume of 137,655 shares, compared to its average volume of 121,471. RE/MAX has a 52 week low of $6.94 and a 52 week high of $14.31. The firm has a fifty day moving average of $10.42 and a two-hundred day moving average of $11.29. The company has a market capitalization of $191.53 million, a P/E ratio of -18.80 and a beta of 1.37.

Insider Activity

In related news, major shareholder Adam K. Peterson purchased 11,798 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were acquired at an average cost of $9.64 per share, with a total value of $113,732.72. Following the completion of the purchase, the insider now owns 3,247,929 shares of the company’s stock, valued at $31,310,035.56. The trade was a 0.36 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders purchased 69,889 shares of company stock worth $729,432. Insiders own 5.99% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded RE/MAX from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $9.17.

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.