Exp World Holdings, Inc. Plans Quarterly Dividend of $0.05 (NASDAQ:AGNT)

Exp World Holdings, Inc. (NASDAQ:AGNT) declared a quarterly dividend on Thursday, April 23rd, NASDAQ Dividends reports. Shareholders of record on Friday, May 22nd will be given a dividend of 0.05 per share by the technology company on Friday, June 5th. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Friday, May 22nd.

Exp World has a dividend payout ratio of 90.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Exp World to earn $0.16 per share next year, which means the company may not be able to cover its $0.20 annual dividend with an expected future payout ratio of 125.0%.

Exp World Stock Performance

NASDAQ AGNT opened at $4.72 on Wednesday. The stock’s fifty day moving average is $6.03 and its two-hundred day moving average is $8.21. The firm has a market capitalization of $775.59 million, a P/E ratio of -47.20 and a beta of 2.20. Exp World has a fifty-two week low of $4.59 and a fifty-two week high of $12.23.

Exp World (NASDAQ:AGNT) last released its quarterly earnings data on Monday, May 11th. The technology company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $971.32 million. Exp World had a negative return on equity of 7.05% and a negative net margin of 0.35%. As a group, sell-side analysts forecast that Exp World will post 0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Zelman & Associates assumed coverage on Exp World in a research note on Friday, March 20th. They issued an “underperform” rating and a $4.75 price target on the stock. Benchmark began coverage on Exp World in a research note on Thursday, March 26th. They set a “buy” rating and a $8.00 target price on the stock. DA Davidson decreased their target price on Exp World from $11.00 to $10.25 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Finally, Wall Street Zen raised Exp World to a “hold” rating in a research note on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Exp World presently has an average rating of “Hold” and a consensus target price of $7.67.

Exp World Company Profile

eXp World Holdings, Inc (NASDAQ: EXPI) is a cloud-based real estate company that operates a global brokerage model through its eXp Realty subsidiary. Founded in 2009 by industry veteran Glenn Sanford and headquartered in Bellingham, Washington, the company leverages a virtual business environment to connect and support real estate professionals. eXp Realty’s technology-driven platform enables licensed agents to list, show and manage residential property transactions without the overhead of traditional brick-and-mortar offices.

At the core of eXp World’s offering is its proprietary virtual campus, which provides real-time training, collaboration and networking via an immersive online environment.