Re/Max Holdings Inc (NYSE:RMAX) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Investors of record on Wednesday, November 13th will be given a dividend of 0.21 per share by the financial services provider on Wednesday, November 27th. This represents a $0.84 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Tuesday, November 12th.
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RMAX stock opened at $37.30 on Friday. Re/Max has a 1 year low of $24.67 and a 1 year high of $44.16. The company has a market cap of $658.93 million, a P/E ratio of 18.47 and a beta of 1.21. The firm has a 50-day moving average of $32.33 and a 200 day moving average of $31.40. The company has a debt-to-equity ratio of 2.28, a current ratio of 1.20 and a quick ratio of 2.14.
Re/Max (NYSE:RMAX) last released its quarterly earnings results on Thursday, October 31st. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.04. Re/Max had a net margin of 10.73% and a return on equity of 60.78%. The company had revenue of $71.54 million during the quarter, compared to the consensus estimate of $71.36 million. During the same period in the prior year, the firm earned $0.65 earnings per share. Re/Max’s revenue was up 30.4% on a year-over-year basis. On average, equities research analysts expect that Re/Max will post 1.98 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on RMAX shares. Zacks Investment Research raised shares of Re/Max from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Thursday. JMP Securities raised shares of Re/Max from a “market perform” rating to an “outperform” rating and set a $40.00 price target for the company in a research note on Monday, September 16th. Craig Hallum raised shares of Re/Max from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Wednesday, August 21st. ValuEngine downgraded shares of Re/Max from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. Finally, Stephens increased their price target on shares of Re/Max from $31.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $39.86.
RE/MAX Holdings, Inc operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. The company offers its real estate franchise services under the RE/MAX brand name; and mortgage brokerage services under the Motto Mortgage brand. It also provides real estate technology solutions.
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