RE/MAX (NYSE:RMAX) Announces Quarterly Earnings Results

RE/MAX (NYSE:RMAX) posted its quarterly earnings data on Thursday. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.10), Zacks reports. The company had revenue of $72.47 million for the quarter, compared to the consensus estimate of $74.34 million. RE/MAX had a negative return on equity of 35.76% and a negative net margin of 3.08%. RE/MAX updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

RE/MAX Trading Down 6.2 %

Shares of NYSE:RMAX traded down $0.63 during midday trading on Friday, hitting $9.52. The company had a trading volume of 117,046 shares, compared to its average volume of 121,226. The firm has a fifty day simple moving average of $10.37 and a 200 day simple moving average of $11.28. The stock has a market cap of $179.64 million, a price-to-earnings ratio of -17.65 and a beta of 1.37. RE/MAX has a 12 month low of $6.94 and a 12 month high of $14.31.

Insider Activity

In related news, major shareholder Adam K. Peterson purchased 13,636 shares of RE/MAX stock in a transaction dated Monday, December 30th. The stock was bought at an average price of $10.45 per share, for a total transaction of $142,496.20. Following the completion of the acquisition, the insider now directly owns 3,221,131 shares of the company’s stock, valued at $33,660,818.95. This represents a 0.43 % 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 the SEC website. Insiders purchased a total of 69,889 shares of company stock valued at $729,432 in the last ninety days. 5.99% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

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.