Brokerages expect Re/Max Holdings Inc (NYSE:RMAX) to post $68.26 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Re/Max’s earnings, with the lowest sales estimate coming in at $68.00 million and the highest estimate coming in at $68.52 million. Re/Max posted sales of $50.84 million in the same quarter last year, which suggests a positive year over year growth rate of 34.3%. The business is scheduled to issue its next quarterly earnings report after the market closes on Thursday, February 20th.

According to Zacks, analysts expect that Re/Max will report full year sales of $282.57 million for the current year, with estimates ranging from $282.10 million to $283.00 million. For the next fiscal year, analysts forecast that the company will post sales of $288.43 million, with estimates ranging from $284.50 million to $292.00 million. Zacks’ sales averages are an average based on a survey of analysts that cover Re/Max.

Re/Max (NYSE:RMAX) last issued its earnings results on Thursday, October 31st. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.04. Re/Max had a return on equity of 60.78% and a net margin of 10.73%. The firm had revenue of $71.54 million for the quarter, compared to analysts’ expectations of $71.36 million. During the same quarter last year, the business earned $0.65 earnings per share. The company’s revenue was up 30.4% compared to the same quarter last year.

A number of research firms have recently commented on RMAX. Zacks Investment Research raised Re/Max from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Thursday, November 7th. ValuEngine raised Re/Max from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Re/Max presently has an average rating of “Buy” and a consensus price target of $37.17.

A number of institutional investors have recently made changes to their positions in RMAX. Bank of Montreal Can raised its position in Re/Max by 51.4% in the 2nd quarter. Bank of Montreal Can now owns 2,982 shares of the financial services provider’s stock valued at $93,000 after buying an additional 1,013 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Re/Max by 18.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 218,108 shares of the financial services provider’s stock valued at $6,710,000 after buying an additional 34,256 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Re/Max by 35.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,586 shares of the financial services provider’s stock valued at $233,000 after buying an additional 2,000 shares during the last quarter. Northern Trust Corp raised its position in Re/Max by 4.5% in the 2nd quarter. Northern Trust Corp now owns 287,352 shares of the financial services provider’s stock valued at $8,838,000 after buying an additional 12,409 shares during the last quarter. Finally, Elkfork Partners LLC raised its position in Re/Max by 22.0% in the 2nd quarter. Elkfork Partners LLC now owns 3,542 shares of the financial services provider’s stock valued at $109,000 after buying an additional 638 shares during the last quarter.

RMAX traded down $0.27 during midday trading on Monday, reaching $38.31. 42,323 shares of the company were exchanged, compared to its average volume of 116,080. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.20 and a current ratio of 1.20. Re/Max has a one year low of $24.67 and a one year high of $44.16. The stock has a market capitalization of $688.07 million, a P/E ratio of 24.09 and a beta of 1.25. The stock’s 50-day simple moving average is $38.29 and its 200 day simple moving average is $32.61.

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. It also provides real estate technology solutions.

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