Equities research analysts forecast that Re/Max Holdings Inc (NYSE:RMAX) will report sales of $71.35 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Re/Max’s earnings, with estimates ranging from $71.00 million to $71.70 million. Re/Max reported sales of $54.28 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 31.4%. The company is expected to issue its next quarterly earnings report on Thursday, August 1st.

According to Zacks, analysts expect that Re/Max will report full year sales of $288.94 million for the current fiscal year, with estimates ranging from $287.94 million to $290.33 million. For the next fiscal year, analysts expect that the firm will post sales of $299.86 million, with estimates ranging from $297.40 million to $302.89 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Re/Max.

Re/Max (NYSE:RMAX) last posted its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.01. The company had revenue of $71.18 million for the quarter, compared to analyst estimates of $69.51 million. Re/Max had a return on equity of 70.42% and a net margin of 11.45%. The firm’s quarterly revenue was up 35.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 earnings per share.

Several research firms have weighed in on RMAX. Zacks Investment Research cut Re/Max from a “hold” rating to a “sell” rating in a report on Friday, March 29th. Compass Point initiated coverage on Re/Max in a report on Thursday, January 24th. They issued a “neutral” rating and a $40.00 price target on the stock. TheStreet upgraded Re/Max from a “c” rating to a “b-” rating in a research report on Monday, March 11th. Craig Hallum lowered Re/Max from a “buy” rating to a “hold” rating and set a $40.00 price objective on the stock. in a research report on Friday, May 3rd. Finally, Morgan Stanley set a $39.00 price objective on Re/Max and gave the company a “buy” rating in a research report on Monday, March 18th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $49.29.

A number of institutional investors and hedge funds have recently bought and sold shares of RMAX. Granite Investment Partners LLC purchased a new stake in Re/Max in the 1st quarter worth approximately $15,270,000. The Manufacturers Life Insurance Company purchased a new stake in Re/Max in the 1st quarter worth approximately $456,000. Northern Trust Corp lifted its holdings in Re/Max by 25.9% in the 1st quarter. Northern Trust Corp now owns 274,943 shares of the financial services provider’s stock worth $10,595,000 after buying an additional 56,484 shares during the period. OppenheimerFunds Inc. lifted its holdings in Re/Max by 7.7% in the 1st quarter. OppenheimerFunds Inc. now owns 9,349 shares of the financial services provider’s stock worth $360,000 after buying an additional 665 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its holdings in Re/Max by 422.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 10,884 shares of the financial services provider’s stock worth $419,000 after buying an additional 8,800 shares during the period. Institutional investors and hedge funds own 99.57% of the company’s stock.

Shares of Re/Max stock traded down $0.69 during midday trading on Tuesday, reaching $36.48. The company had a trading volume of 201,934 shares, compared to its average volume of 142,426. The company has a debt-to-equity ratio of 3.40, a current ratio of 1.92 and a quick ratio of 4.60. The firm has a market cap of $667.20 million, a P/E ratio of 18.06, a P/E/G ratio of 2.73 and a beta of 0.92. Re/Max has a fifty-two week low of $27.84 and a fifty-two week high of $56.77.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 29th. Investors of record on Wednesday, May 15th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.84 annualized dividend and a yield of 2.30%. Re/Max’s payout ratio is 41.58%.

Re/Max Company Profile

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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