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

RE/MAX (NYSE:RMAX) will issue 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. Individual that wish to listen to the company’s earnings conference call can do so using this link.

RE/MAX (NYSE:RMAX) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. The company had revenue of $78.45 million for the quarter, compared to the consensus estimate of $78.16 million. RE/MAX had a negative net margin of 22.26% and a negative return on equity of 35.12%. 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 Trading Down 3.3 %

Shares of NYSE RMAX opened at $11.85 on Thursday. The firm has a 50 day moving average of $11.77 and a 200 day moving average of $9.60. The firm has a market capitalization of $223.49 million, a price-to-earnings ratio of -3.06 and a beta of 1.36. RE/MAX has a 12-month low of $6.94 and a 12-month high of $13.70.

Analysts Set New Price Targets

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

RE/MAX Company Profile

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.