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

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 given a dividend of 0.05 per share by the technology company on Monday, May 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, May 10th.

eXp World has a payout ratio of 33.3% meaning 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 Performance

Shares of eXp World stock traded down $0.24 during midday trading on Wednesday, reaching $11.86. 148,403 shares of the company’s stock traded hands, compared to its average volume of 1,091,037. The company has a market cap of $1.84 billion, a PE ratio of -69.11 and a beta of 2.29. The stock has a 50 day moving average of $10.73 and a 200-day moving average of $12.47. eXp World has a 12 month low of $8.91 and a 12 month high of $25.39.

eXp World (NASDAQ:EXPI) last announced 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. The firm had revenue of $943.10 million during the quarter, compared to analyst estimates of $893.24 million. eXp World had a negative return on equity of 1.50% and a negative net margin of 0.60%. The business’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.01 EPS. On average, equities analysts anticipate that eXp World will post 0.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EXPI shares. TheStreet lowered shares of eXp World from a “c-” rating to a “d” rating in a research note on Monday, March 4th. DA Davidson reissued an “underperform” rating and issued a $11.75 price target on shares of eXp World in a research report on Thursday, May 2nd.

eXp World Company Profile

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.