RE/MAX (RMAX) Set to Announce Earnings on Thursday

RE/MAX (NYSE:RMAX) will be issuing its quarterly earnings data after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

RE/MAX (NYSE:RMAX) last issued its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.11. The company had revenue of $78.45 million for the quarter, compared to analysts’ expectations of $78.16 million. RE/MAX had a negative return on equity of 35.12% and a negative net margin of 22.26%. On average, analysts expect RE/MAX to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

RE/MAX Price Performance

NYSE:RMAX opened at $11.85 on Thursday. The firm has a market capitalization of $223.49 million, a price-to-earnings ratio of -3.06 and a beta of 1.36. The business has a 50 day simple moving average of $11.77 and a 200-day simple moving average of $9.60. RE/MAX has a 1 year low of $6.94 and a 1 year high of $13.70.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RMAX. StockNews.com upgraded RE/MAX from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th. Stephens increased their target price on shares of RE/MAX from $9.00 to $10.50 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $11.90.

About RE/MAX

RE/MAX Holdings, Inc operates as a franchisor of real estate brokerage services in the United States, Canada, and internationally. It operates through Real Estate, Mortgage, and Marketing Funds segments. The company offers real estate brokerage franchising services under the RE/MAX brand; mortgage brokerage services to real estate brokers, real estate professionals, mortgage professionals, and other investors under the Motto Mortgage brand; and mortgage loan processing software and services under the wemlo brand.