RE/MAX (RMAX) to Release Quarterly 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. Investors that are interested in participating in the company’s conference call can do so using this link.

RE/MAX Trading Up 0.5 %

Shares of NYSE:RMAX opened at $10.12 on Tuesday. RE/MAX has a 1 year low of $6.94 and a 1 year high of $14.31. The firm has a fifty day moving average price of $10.50 and a 200 day moving average price of $11.28.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of 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 issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, RE/MAX has an average rating of “Hold” and an average target price of $9.17.

Insider Activity

In related news, major shareholder Adam K. Peterson acquired 13,636 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was acquired at an average price of $10.45 per share, with a total value of $142,496.20. Following the completion of the transaction, the insider now owns 3,221,131 shares of the company’s stock, valued at approximately $33,660,818.95. This represents a 0.43 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders purchased 69,889 shares of company stock valued at $729,432. Insiders own 5.99% of the company’s stock.

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.