RE/MAX (RMAX) to Release Earnings on Thursday

RE/MAX (NYSE:RMAX) is expected to announce its earnings results after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of $0.29 per share and revenue of $74.34 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

RE/MAX Stock Down 1.2 %

RE/MAX stock opened at $9.81 on Thursday. The company has a market capitalization of $185.11 million, a PE ratio of -18.17 and a beta of 1.37. The firm’s fifty day moving average is $10.65 and its 200 day moving average is $11.26. RE/MAX has a 12-month low of $6.94 and a 12-month high of $14.31.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded RE/MAX from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $9.17.

Insider Transactions at RE/MAX

In other news, major shareholder Adam K. Peterson purchased 11,798 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were acquired at an average cost of $9.64 per share, for a total transaction of $113,732.72. Following the completion of the acquisition, the insider now owns 3,247,929 shares in the company, valued at $31,310,035.56. This trade represents a 0.36 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased a total of 97,255 shares of company stock valued at $1,029,363 over the last ninety days. 5.99% of the stock is currently owned by insiders.

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.