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

Exp World Holdings, Inc. (NASDAQ:EXPI) declared a quarterly dividend on Tuesday, February 10th. Shareholders of record on Monday, March 9th will be given a dividend of 0.05 per share by the technology company on Friday, March 27th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, March 9th.

Exp World has a payout ratio of 90.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Exp World to earn $0.25 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 80.0%.

Exp World Stock Down 4.3%

Exp World stock opened at $6.49 on Friday. The business’s 50-day moving average price is $8.44 and its 200 day moving average price is $9.94. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of -46.35 and a beta of 2.13. Exp World has a 52 week low of $6.45 and a 52 week high of $12.23.

Exp World (NASDAQ:EXPI) last announced its quarterly earnings results on Tuesday, February 24th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. Exp World had a negative net margin of 0.48% and a negative return on equity of 10.00%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.06) earnings per share. Equities analysts expect that Exp World will post 0.48 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. DA Davidson set a $11.00 price target on shares of Exp World in a report on Thursday, February 26th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Exp World in a report on Monday, December 29th. Finally, Zacks Research upgraded shares of Exp World from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Exp World currently has an average rating of “Hold” and a consensus target price of $11.00.

Exp World Company Profile

eXp World Holdings, Inc (NASDAQ: EXPI) is a cloud-based real estate company that operates a global brokerage model through its eXp Realty subsidiary. Founded in 2009 by industry veteran Glenn Sanford and headquartered in Bellingham, Washington, the company leverages a virtual business environment to connect and support real estate professionals. eXp Realty’s technology-driven platform enables licensed agents to list, show and manage residential property transactions without the overhead of traditional brick-and-mortar offices.

At the core of eXp World’s offering is its proprietary virtual campus, which provides real-time training, collaboration and networking via an immersive online environment.