RE/MAX Holdings (RMAX) Receiving Somewhat Favorable Press Coverage, Analysis Finds
News headlines about RE/MAX Holdings (NYSE:RMAX) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. RE/MAX Holdings earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 45.259792874707 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of equities analysts recently weighed in on RMAX shares. Craig Hallum started coverage on shares of RE/MAX Holdings in a research report on Wednesday, August 30th. They set a “buy” rating and a $75.00 target price for the company. BidaskClub lowered shares of RE/MAX Holdings from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 17th. Zacks Investment Research upgraded shares of RE/MAX Holdings from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research report on Wednesday, August 9th. Finally, Stephens lowered shares of RE/MAX Holdings from an “overweight” rating to an “equal weight” rating and set a $66.00 price objective for the company. in a research report on Monday, August 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $63.80.
RE/MAX Holdings (RMAX) traded up 1.40% during trading on Monday, reaching $61.35. 47,027 shares of the company’s stock traded hands. RE/MAX Holdings has a one year low of $40.99 and a one year high of $66.10. The firm has a market capitalization of $1.09 billion, a PE ratio of 46.55 and a beta of 0.92. The company has a 50-day moving average price of $60.13 and a 200 day moving average price of $57.46.
RE/MAX Holdings (NYSE:RMAX) last announced its earnings results on Thursday, August 3rd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.06. RE/MAX Holdings had a net margin of 12.45% and a return on equity of 79.94%. The company had revenue of $48.82 million for the quarter, compared to analysts’ expectations of $48.29 million. During the same quarter in the previous year, the company posted $0.46 EPS. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. On average, analysts anticipate that RE/MAX Holdings will post $1.90 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 16th were paid a dividend of $0.18 per share. The ex-dividend date was Monday, August 14th. This represents a $0.72 annualized dividend and a yield of 1.17%. RE/MAX Holdings’s dividend payout ratio (DPR) is presently 54.96%.
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 shares were sold at an average price of $60.00, for a total transaction of $72,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.58% of the company’s stock.
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About RE/MAX Holdings
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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