RE/MAX (NYSE:RMAX) Releases Earnings Results

RE/MAX (NYSE:RMAX) issued its earnings results on Thursday. The financial services provider reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02, FiscalAI reports. RE/MAX had a negative return on equity of 61.21% and a net margin of 4.27%.The firm had revenue of $71.14 million for the quarter, compared to the consensus estimate of $71.33 million.

RE/MAX Stock Performance

Shares of NYSE:RMAX traded down $0.27 on Friday, hitting $6.70. 314,378 shares of the company were exchanged, compared to its average volume of 186,013. The company’s 50 day moving average price is $7.66 and its two-hundred day moving average price is $8.29. The firm has a market capitalization of $134.40 million, a price-to-earnings ratio of 10.98 and a beta of 1.25. RE/MAX has a one year low of $6.23 and a one year high of $10.32.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of RE/MAX from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of RE/MAX in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $9.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RMAX. First Trust Advisors LP boosted its stake in RE/MAX by 2.3% during the fourth quarter. First Trust Advisors LP now owns 63,406 shares of the financial services provider’s stock worth $481,000 after buying an additional 1,446 shares in the last quarter. Campbell & CO Investment Adviser LLC boosted its holdings in RE/MAX by 7.5% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 25,753 shares of the financial services provider’s stock valued at $195,000 after purchasing an additional 1,796 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of RE/MAX by 5.6% in the 3rd quarter. Alliancebernstein L.P. now owns 37,900 shares of the financial services provider’s stock valued at $357,000 after purchasing an additional 2,000 shares during the period. Qube Research & Technologies Ltd raised its holdings in shares of RE/MAX by 2.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 102,629 shares of the financial services provider’s stock worth $840,000 after buying an additional 2,708 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of RE/MAX by 10.6% in the 4th quarter. Barclays PLC now owns 28,503 shares of the financial services provider’s stock worth $216,000 after buying an additional 2,740 shares in the last quarter. 93.17% of the stock is currently owned by institutional investors and hedge funds.

About RE/MAX

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.