eXp World Holdings, Inc. (EXPI) To Go Ex-Dividend on August 14th

eXp World Holdings, Inc. (NASDAQ:EXPI) announced a quarterly dividend on Friday, July 26th, Zacks reports. Shareholders of record on Wednesday, August 14th will be paid a dividend of 0.05 per share by the technology company on Friday, August 30th. This represents a $0.20 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Wednesday, August 14th.

eXp World has a dividend payout ratio of 66.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect eXp World to earn $0.48 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 41.7%.

eXp World Stock Performance

EXPI opened at $11.75 on Monday. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of -69.12 and a beta of 2.34. The company has a fifty day moving average of $11.94 and a 200 day moving average of $11.55. eXp World has a fifty-two week low of $8.91 and a fifty-two week high of $24.48.

eXp World (NASDAQ:EXPI) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). eXp World had a negative net margin of 0.52% and a negative return on equity of 0.56%. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the business earned $0.06 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities research analysts forecast that eXp World will post 0.18 earnings per share for the current year.

Analyst Ratings Changes

EXPI has been the subject of a number of recent research reports. DA Davidson boosted their target price on eXp World from $11.75 to $13.50 and gave the company a “neutral” rating in a research report on Thursday, August 1st. BTIG Research raised shares of eXp World from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 23rd.

Insider Buying and Selling at eXp World

In related news, CEO Glenn Darrel Sanford sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $14.48, for a total value of $579,200.00. Following the completion of the transaction, the chief executive officer now owns 41,170,297 shares of the company’s stock, valued at $596,145,900.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have sold 384,783 shares of company stock valued at $4,870,440. Company insiders own 35.70% of the company’s stock.

About eXp World

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company operates through North American Realty, International Realty, Virbela, and Other Affiliated Services segments. It provides Virbela, a cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees.