Wall Street brokerages predict that RE/MAX Holdings, Inc. (NYSE:RMAX) will report $49.66 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for RE/MAX Holdings’ earnings. The highest sales estimate is $51.32 million and the lowest is $48.00 million. RE/MAX Holdings posted sales of $45.56 million during the same quarter last year, which suggests a positive year-over-year growth rate of 9%. The firm is scheduled to issue its next earnings report on Thursday, November 2nd.

According to Zacks, analysts expect that RE/MAX Holdings will report full-year sales of $49.66 million for the current year, with estimates ranging from $191.70 million to $197.39 million. For the next year, analysts expect that the company will post sales of $208.64 million per share, with estimates ranging from $205.91 million to $210.30 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover RE/MAX Holdings.

RE/MAX Holdings (NYSE:RMAX) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. The business had revenue of $48.82 million during the quarter, compared to analyst estimates of $48.29 million. RE/MAX Holdings had a return on equity of 79.94% and a net margin of 12.45%. RE/MAX Holdings’s revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 earnings per share.

Several research firms recently weighed in on RMAX. Stephens cut RE/MAX Holdings from an “overweight” rating to an “equal weight” rating and set a $66.00 price target for the company. in a report on Monday, August 7th. Zacks Investment Research cut RE/MAX Holdings from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Bank of America Corporation cut RE/MAX Holdings from a “neutral” rating to an “underperform” rating and set a $56.00 price target for the company. in a report on Friday, June 30th. BidaskClub cut RE/MAX Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 17th. Finally, Craig Hallum began coverage on RE/MAX Holdings in a report on Wednesday. They set a “buy” rating and a $75.00 price target for the company. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $63.80.

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In other RE/MAX Holdings news, President Geoffrey D. Lewis sold 1,200 shares of RE/MAX Holdings stock in a transaction on Friday, August 4th. The stock was sold at an average price of $60.00, for a total value of $72,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.58% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in RMAX. State of Alaska Department of Revenue boosted its position in shares of RE/MAX Holdings by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 1,950 shares of the financial services provider’s stock valued at $115,000 after buying an additional 40 shares in the last quarter. Suntrust Banks Inc. boosted its position in shares of RE/MAX Holdings by 0.5% in the second quarter. Suntrust Banks Inc. now owns 8,606 shares of the financial services provider’s stock valued at $481,000 after buying an additional 45 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of RE/MAX Holdings by 1.1% in the first quarter. Municipal Employees Retirement System of Michigan now owns 5,680 shares of the financial services provider’s stock valued at $338,000 after buying an additional 60 shares in the last quarter. Stifel Financial Corp boosted its position in shares of RE/MAX Holdings by 0.3% in the second quarter. Stifel Financial Corp now owns 23,419 shares of the financial services provider’s stock valued at $1,313,000 after buying an additional 61 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of RE/MAX Holdings by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,200 shares of the financial services provider’s stock valued at $428,000 after buying an additional 100 shares in the last quarter.

RE/MAX Holdings (NYSE:RMAX) opened at 63.30 on Friday. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 48.03 and a beta of 0.93. The company has a 50 day moving average price of $59.67 and a 200-day moving average price of $57.45. RE/MAX Holdings has a 52 week low of $40.99 and a 52 week high of $66.10.

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Wednesday, August 16th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, August 14th. This represents a $0.72 annualized dividend and a yield of 1.14%. RE/MAX Holdings’s payout ratio is currently 54.96%.

RE/MAX Holdings Company Profile

RE/MAX Holdings, Inc is a franchisor in the real estate industry, franchising real estate brokerages around the world under the RE/MAX brand and mortgage brokerages within the United States under the Motto Mortgage brand. The Company is a franchised business, with all of the RE/MAX branded brokerage office locations being operated by franchisees, including RE/MAX, LLC, which owns the RE/MAX brand, and sells franchises and franchising rights; Independent Regional Franchise Owner, which owns rights to sell brokerage franchises in a specified region; Franchisee (or Broker-Owner), which operates a RE/MAX-branded brokerage office, lists properties and recruits agents, and Agent (or Sales Associate), including branded independent contractors operating out of local franchise brokerage offices.

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