Re/Max Holdings Inc (NYSE:RMAX) – Analysts at Piper Jaffray Companies issued their FY2020 earnings per share (EPS) estimates for shares of Re/Max in a report released on Friday, August 3rd. Piper Jaffray Companies analyst J. Deleeuw anticipates that the financial services provider will post earnings per share of $2.66 for the year. Piper Jaffray Companies currently has a “Buy” rating and a $65.00 price objective on the stock.

Other analysts have also recently issued research reports about the company. William Blair began coverage on Re/Max in a research report on Friday, July 6th. They set an “outperform” rating on the stock. Zacks Investment Research raised Re/Max from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research report on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $62.17.

Re/Max remained flat at $$49.65 during midday trading on Monday, according to Marketbeat Ratings. The company’s stock had a trading volume of 487 shares, compared to its average volume of 109,002. The company has a debt-to-equity ratio of 3.79, a current ratio of 5.71 and a quick ratio of 4.27. The company has a market cap of $891.74 million, a PE ratio of 26.55, a PEG ratio of 3.14 and a beta of 0.47. Re/Max has a 1-year low of $43.85 and a 1-year high of $67.50.

Re/Max (NYSE:RMAX) last announced its earnings results on Thursday, August 2nd. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.03. The business had revenue of $54.30 million for the quarter, compared to analysts’ expectations of $53.28 million. Re/Max had a return on equity of 74.33% and a net margin of 6.32%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 EPS.

Several institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC boosted its position in shares of Re/Max by 254.2% in the 2nd quarter. SG Americas Securities LLC now owns 6,432 shares of the financial services provider’s stock worth $337,000 after purchasing an additional 4,616 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Re/Max in the 2nd quarter worth $757,000. First Trust Advisors LP acquired a new stake in shares of Re/Max in the 2nd quarter worth $1,407,000. Hikari Power Ltd acquired a new stake in shares of Re/Max in the 2nd quarter worth $234,000. Finally, Wells Fargo & Company MN boosted its position in shares of Re/Max by 1.5% in the 2nd quarter. Wells Fargo & Company MN now owns 239,523 shares of the financial services provider’s stock worth $12,564,000 after purchasing an additional 3,489 shares in the last quarter.

In other news, Director Daniel J. Predovich sold 1,576 shares of the firm’s stock in a transaction on Monday, June 11th. The stock was sold at an average price of $54.28, for a total value of $85,545.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.43% of the stock is owned by company insiders.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 29th. Stockholders of record on Wednesday, August 15th will be given a $0.20 dividend. The ex-dividend date is Tuesday, August 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.61%. Re/Max’s payout ratio is 42.78%.

About Re/Max

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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Earnings History and Estimates for Re/Max (NYSE:RMAX)

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