Re/Max (RMAX) to Release Earnings on Thursday

Re/Max (NYSE:RMAX) is scheduled to release its earnings data after the market closes on Thursday, May 2nd. Analysts expect Re/Max to post earnings of $0.43 per share for the quarter. Re/Max has set its Q1 2019 guidance at EPS and its FY 2019 guidance at EPS.

Re/Max (NYSE:RMAX) last released its earnings results on Thursday, February 21st. The financial services provider reported $0.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.41. The company had revenue of $50.84 million during the quarter, compared to analyst estimates of $50.56 million. Re/Max had a return on equity of 84.43% and a net margin of 12.72%. Re/Max’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 EPS. On average, analysts expect Re/Max to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

RMAX opened at $42.67 on Thursday. The company has a market cap of $727.20 million, a price-to-earnings ratio of 21.12, a price-to-earnings-growth ratio of 2.87 and a beta of 0.88. The company has a debt-to-equity ratio of 2.87, a current ratio of 5.40 and a quick ratio of 5.40. Re/Max has a one year low of $27.84 and a one year high of $56.77.

A number of research analysts have commented on RMAX shares. Zacks Investment Research lowered Re/Max from a “hold” rating to a “sell” rating in a research report on Wednesday, April 17th. Compass Point started coverage on Re/Max in a research report on Thursday, January 24th. They set a “neutral” rating and a $40.00 price target for the company. Morgan Stanley set a $39.00 price target on Re/Max and gave the company a “buy” rating in a research report on Monday, March 18th. Finally, TheStreet raised Re/Max from a “c” rating to a “b-” rating in a research report on Monday, March 11th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $50.71.

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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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Earnings History for Re/Max (NYSE:RMAX)

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