Streetbeat News

RMAX

RE/MAX Holdings, Inc.

https://www.remaxholdings.com

Industry

Real Estate - Services

RE/MAX Holdings, Inc. operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. The company operates through three segments: Real Estate, Mortgage, and Marketing Funds. It 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. In addition, the company provides First mobile app, which integrates a suite of digital products that enables agents, brokers, and teams to establish and manage client relationships; RE/MAX University platform, a learning hub designed to help each agent in their professional expertise; and Booj platform. The company was founded in 1973 and is headquartered in Denver, Colorado.

Open

10.90

Mkt cap

215M

Volume

243K

High

11.46

P/E Ratio

-21.94

52-wk high

13.70

Low

10.87

Div yield

N/A

52-wk low

6.94

RE/MAX Holdings shares are trading lower following the company's Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 4:15 pm

RE/MAX Holdings reported Q3 2024 earnings per share of $0.38, surpassing the analyst estimate of $0.36, despite a year-over-year decrease. Sales also exceeded expectations at $78.478 million, though they were down from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:54 pm

RE/MAX Holdings has projected its Q4 sales to be between $71 million and $76 million, which is below the market estimate of $76 million.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:24 pm

RE/MAX Holdings has adjusted its FY2024 sales guidance to a narrower range of $306 million to $311 million, compared to the previous range of $305 million to $315 million. The estimated sales figure is $310.8 million.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 8:23 pm

RE/MAX Holdings released its September 2024 National Housing Report, showing a 13.3% drop in home sales from August and a 1.4% decrease in median sales price. Despite the slowdown, home inventory is increasing, and buyers are paying 99% of asking prices. The Vanguard Real Estate ETF and Real Estate Select Sector SPDR Fund have seen gains, reflecting investor interest in the real estate market.

Portfolio Pulse from Erica Kollmann

October 15, 2024 | 5:58 pm

RE/MAX reports a continued increase in the number of homes for sale, with a 6.4% rise from August and a 33.6% increase from September 2023. New listings also grew by 9.7% compared to September 2023, indicating a cooling in home sales and a slight dip in prices.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 12:47 pm

RE/MAX reported a 1.6% increase in new home listings in August compared to July, with a 7.9% year-over-year rise. However, home sales fell by 3.3% from July and 3.8% year-over-year. The median sales price decreased to $440,000, still 3.5% higher than August 2023. Inventory grew for the sixth month, up 37.6% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 8:14 pm

RE/MAX forecasts a steady Canadian housing market with price gains due to falling interest rates. Average sale prices are expected to rise by 1-6% in most regions by the end of the year. A Leger survey indicates that 16% of Canadians would feel more comfortable in the real estate market with a significant rate cut.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 8:10 am

RE/MAX is expanding its partnership with Inside Real Estate to introduce the BoldTrail platform to its brokerages across the U.S. and Canada. This move aims to enhance the MAX/Techsm platform, providing a comprehensive end-to-end solution for RE/MAX brokerages.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 8:12 pm

Re/Max's National Housing Report for July 2024 shows a 3.8% increase in home sales from June, while the median sales price dropped by 1.2% to $425,000. Compared to July 2023, home sales were up 6.7% and the median sales price increased by 3.7%.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:18 pm

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