eXp World Holdings, Inc. (EXPI) to Issue Quarterly Dividend of $0.05 on May 27th

eXp World Holdings, Inc. (NASDAQ:EXPI) declared a quarterly dividend on Tuesday, April 30th, Zacks reports. Investors of record on Monday, May 13th will be paid a dividend of 0.05 per share by the technology company on Monday, May 27th. This represents a $0.20 annualized dividend and a yield of 1.68%. The ex-dividend date is Friday, May 10th.

eXp World has a payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect eXp World to earn $0.51 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 39.2%.

eXp World Trading Down 1.6 %

NASDAQ EXPI traded down $0.19 on Wednesday, hitting $11.91. 244,114 shares of the company were exchanged, compared to its average volume of 1,092,131. The company has a market cap of $1.84 billion, a PE ratio of -69.11 and a beta of 2.29. eXp World has a 12 month low of $8.91 and a 12 month high of $25.39. The stock has a fifty day moving average of $10.73 and a 200-day moving average of $12.47.

eXp World (NASDAQ:EXPI) last issued its earnings results on Wednesday, May 1st. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.01. eXp World had a negative net margin of 0.60% and a negative return on equity of 1.50%. The business had revenue of $943.10 million for the quarter, compared to analyst estimates of $893.24 million. During the same period in the prior year, the firm earned $0.01 earnings per share. eXp World’s revenue was up 11.1% on a year-over-year basis. On average, analysts expect that eXp World will post 0.22 earnings per share for the current year.

Analyst Ratings Changes

EXPI has been the topic of a number of recent research reports. TheStreet lowered shares of eXp World from a “c-” rating to a “d” rating in a research note on Monday, March 4th. DA Davidson restated an “underperform” rating and issued a $11.75 price objective on shares of eXp World in a research report on Thursday, May 2nd.

About eXp World

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company operates through North American Realty, International Realty, Virbela, and Other Affiliated Services segments. It provides Virbela, a cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees.