RE/MAX (NYSE:RMAX – Get Free Report) posted its quarterly earnings data on Thursday. The financial services provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.05), FiscalAI reports. The company had revenue of $51.72 million during the quarter, compared to analyst estimates of $72.80 million. RE/MAX had a negative net margin of 3.04% and a negative return on equity of 88.46%.
RE/MAX Price Performance
NYSE RMAX traded up $0.59 during mid-day trading on Friday, reaching $11.36. 711,915 shares of the stock were exchanged, compared to its average volume of 397,681. RE/MAX has a one year low of $5.46 and a one year high of $11.81. The stock has a 50 day simple moving average of $10.02 and a 200-day simple moving average of $8.32. The stock has a market cap of $241.17 million, a P/E ratio of -27.05 and a beta of 1.82.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. JonesTrading upgraded RE/MAX from a “hold” rating to a “buy” rating and set a $13.80 price target on the stock in a research report on Monday, April 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of RE/MAX in a research note on Friday, July 24th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, RE/MAX presently has a consensus rating of “Hold” and an average target price of $13.80.
Institutional Trading of RE/MAX
A number of large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its stake in shares of RE/MAX by 95.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 533,201 shares of the financial services provider’s stock valued at $5,028,000 after purchasing an additional 260,416 shares during the period. Geode Capital Management LLC increased its holdings in RE/MAX by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 462,742 shares of the financial services provider’s stock worth $3,513,000 after purchasing an additional 12,372 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in RE/MAX by 166.7% in the third quarter. Russell Investments Group Ltd. now owns 398,707 shares of the financial services provider’s stock worth $3,760,000 after purchasing an additional 249,188 shares in the last quarter. Nuveen LLC lifted its stake in RE/MAX by 23.1% in the fourth quarter. Nuveen LLC now owns 307,771 shares of the financial services provider’s stock valued at $2,336,000 after buying an additional 57,760 shares during the period. Finally, Bridgeway Capital Management LLC boosted its holdings in shares of RE/MAX by 6.6% during the 3rd quarter. Bridgeway Capital Management LLC now owns 283,601 shares of the financial services provider’s stock worth $2,674,000 after buying an additional 17,545 shares in the last quarter. 93.17% of the stock is currently owned by institutional investors and hedge funds.
RE/MAX Company Profile
RE/MAX Holdings, Inc (NYSE:RMAX) is a global franchisor of real estate brokerage services, offering residential and commercial property transaction support through a network of independently owned and operated offices. The company provides marketing, training, technology platforms and brand recognition for its affiliated agents, facilitating property buying, selling and leasing activities. In addition to core brokerage services, RE/MAX offers ancillary solutions such as mortgage referral, title and escrow coordination, relocation assistance and luxury market specialization.
Established in 1973 by David and Gail Liniger in Denver, Colorado, RE/MAX pioneered a high-commission, agent-driven model designed to attract experienced real estate professionals.
Featured Stories
- Five stocks we like better than RE/MAX
- Datadog’s Drop Says More About Expectations Than Earnings
- D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off
- Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus
- Solventum Nears Inflection Point As It Begins to Unlock Value
Receive News & Ratings for RE/MAX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RE/MAX and related companies with MarketBeat.com's FREE daily email newsletter.
