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

12.80

Mkt cap

233M

Volume

178K

High

12.80

P/E Ratio

-23.69

52-wk high

13.70

Low

12.27

Div yield

N/A

52-wk low

6.94

Stephens & Co. analyst John Campbell maintains an Equal-Weight rating on RE/MAX Holdings (NYSE:RMAX) and raises the price target from $9 to $10.5.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 1:49 pm

RE/MAX has provided its revenue guidance for Q3 2024 and FY 2024. The company expects Q3 2024 revenue to be between $75M and $80M, compared to the $77.79M estimate. For FY 2024, RE/MAX anticipates revenue between $305M and $315M, against the $309.35M estimate.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:38 pm

RE/MAX Holdings shares are trading higher after the company reported better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:18 pm

RE/MAX Holdings (NYSE:RMAX) reported Q2 2024 adjusted EPS of $0.41, beating the $0.35 estimate, and sales of $78.453M, surpassing the $77.794M estimate. EPS increased by 2.5% YoY, while sales decreased by 4.84% YoY.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:57 pm

Insiders have recently purchased shares in Citi Trends, RE/MAX Holdings, and Tilly's, indicating confidence in these companies. Notable purchases include 116,675 shares of Tilly's, 26,522 shares of RE/MAX Holdings, and 24,000 shares of Citi Trends.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 3:01 pm

New home sales in the U.S. declined in May due to high mortgage rates, with sales dropping 11.3% from April and 16.5% from May 2023. The median sales price of new homes was $417,400. Despite the dip, significant unmet demand exists, and mortgage rates are expected to moderate in the coming months. Redfin Corp, Re/Max Holdings, and Anywhere Real Estate saw stock price gains on Wednesday.

Portfolio Pulse from Michael Juliano

June 26, 2024 | 10:52 pm

RE/MAX Holdings has received final approval for a settlement agreement in antitrust class action lawsuits. The company has agreed to pay $55M into a Qualified Settlement Fund but does not expect this settlement to materially impact its operations or cash flows.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 5:06 pm

Stephens & Co. analyst John Campbell has maintained an Equal-Weight rating on RE/MAX Holdings (RMAX) and lowered the price target from $10 to $9.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:52 am

Amgen Inc. reported better-than-expected Q1 financial results, leading to a 12.2% surge in its shares. Other companies like Tandem Diabetes Care, WideOpenWest, and El Pollo Loco also saw significant gains after reporting strong financial results. Notable movements included Paylocity Holding's 16% gain post-earnings report and share repurchase program announcement, and MercadoLibre's 10.3% increase after surpassing Q1 financial expectations.

Portfolio Pulse from Avi Kapoor

May 03, 2024 | 2:16 pm

RE/MAX Holdings projects Q2 revenue to be between $75M-$80M, below the $78.76M estimate, and FY24 revenue to be between $300M-$320M, aligning with the $310.41M estimate. The outlook assumes stable currency rates, no acquisitions, or divestitures, with a slight negative to positive change in agent count.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 10:16 pm

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