Re/Max Holdings Inc (NYSE:RMAX) – Piper Jaffray Companies lowered their Q1 2019 earnings per share estimates for Re/Max in a research note issued on Monday, November 5th. Piper Jaffray Companies analyst J. Deleeuw now expects that the financial services provider will earn $0.42 per share for the quarter, down from their previous estimate of $0.44. Piper Jaffray Companies has a “Buy” rating and a $65.00 price target on the stock.
Re/Max (NYSE:RMAX) last issued its earnings results on Thursday, November 1st. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.06). The company had revenue of $54.90 million during the quarter, compared to analyst estimates of $55.80 million. Re/Max had a net margin of 8.19% and a return on equity of 90.23%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 EPS.
Shares of Re/Max stock opened at $34.13 on Wednesday. The stock has a market capitalization of $623.42 million, a PE ratio of 18.25, a P/E/G ratio of 2.36 and a beta of 0.66. The company has a current ratio of 5.51, a quick ratio of 5.71 and a debt-to-equity ratio of 3.17. Re/Max has a 1 year low of $33.53 and a 1 year high of $61.27.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 28th. Investors of record on Wednesday, November 14th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Tuesday, November 13th. Re/Max’s dividend payout ratio is presently 42.78%.
Several large investors have recently made changes to their positions in RMAX. Simplex Trading LLC bought a new position in Re/Max in the 3rd quarter worth about $107,000. GSA Capital Partners LLP bought a new position in Re/Max in the 2nd quarter worth about $203,000. Itau Unibanco Holding S.A. bought a new position in Re/Max in the 2nd quarter worth about $205,000. Xact Kapitalforvaltning AB bought a new position in Re/Max in the 1st quarter worth about $222,000. Finally, Hikari Power Ltd bought a new position in Re/Max in the 2nd quarter worth about $234,000. 99.59% of the stock is owned by institutional investors and hedge funds.
Re/Max Company Profile
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. The company was founded in 1973 and is headquartered in Denver, Colorado.
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