eXp World Holdings, Inc. Declares Quarterly Dividend of $0.05 (NASDAQ:EXPI)

eXp World Holdings, Inc. (NASDAQ:EXPI) declared a quarterly dividend on Tuesday, April 30th, Zacks reports. Shareholders 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 1.69%. The ex-dividend date is Friday, May 10th.

eXp World has a dividend payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Down 2.1 %

Shares of NASDAQ:EXPI opened at $11.85 on Thursday. eXp World has a 12 month low of $8.91 and a 12 month high of $25.39. The firm has a market cap of $1.83 billion, a P/E ratio of -69.71 and a beta of 2.29. The company’s 50-day moving average price is $10.71 and its two-hundred day moving average price is $12.46.

eXp World (NASDAQ:EXPI) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The business had revenue of $943.10 million during the quarter, compared to analyst estimates of $893.24 million. eXp World had a negative net margin of 0.60% and a negative return on equity of 1.50%. eXp World’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.01 earnings per share. As a group, equities analysts predict that eXp World will post 0.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. TheStreet cut eXp World from a “c-” rating to a “d” rating in a report on Monday, March 4th. DA Davidson restated an “underperform” rating and issued a $11.75 price objective on shares of eXp World in a 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.