RE/MAX (RMAX) to Release Quarterly Earnings on Thursday

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

RE/MAX Stock Performance

NYSE RMAX opened at $9.81 on Thursday. RE/MAX has a 52-week low of $6.94 and a 52-week high of $14.31. The stock has a market cap of $185.11 million, a PE ratio of -18.17 and a beta of 1.37. The firm has a 50-day moving average of $10.65 and a 200-day moving average of $11.26.

Analysts Set New Price Targets

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

Insider Transactions at RE/MAX

In other RE/MAX news, major shareholder Adam K. Peterson purchased 29,455 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were bought at an average price of $10.82 per share, for a total transaction of $318,703.10. Following the completion of the acquisition, the insider now owns 3,207,495 shares in the company, valued at approximately $34,705,095.90. This trade represents a 0.93 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders have bought 97,255 shares of company stock worth $1,029,363. Insiders own 5.99% of the company’s stock.

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.