RE/MAX (RMAX) Scheduled to Post Quarterly Earnings on Thursday

RE/MAX (NYSE:RMAX - Get Free Report) is set to post its quarterly earnings results after the market closes on Thursday, October 31st. Analysts expect RE/MAX to post earnings of $0.35 per share for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

RE/MAX (NYSE:RMAX - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.11. RE/MAX had a negative return on equity of 35.12% and a negative net margin of 22.26%. The company had revenue of $78.45 million during the quarter, compared to analyst estimates of $78.16 million. On average, analysts expect RE/MAX to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

RE/MAX Stock Up 0.8 %

NYSE:RMAX traded up $0.10 on Thursday, reaching $11.95. The company's stock had a trading volume of 196,934 shares, compared to its average volume of 269,201. RE/MAX has a 12-month low of $6.94 and a 12-month high of $13.70. The stock has a 50 day moving average price of $11.77 and a 200 day moving average price of $9.60. The firm has a market cap of $225.38 million, a price-to-earnings ratio of -3.05 and a beta of 1.36.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Stephens lifted their price target on shares of RE/MAX from $9.00 to $10.50 and gave the company an "equal weight" rating in a research report on Monday, August 12th. StockNews.com upgraded RE/MAX from a "hold" rating to a "buy" rating in a research note on Tuesday, September 10th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, RE/MAX has an average rating of "Hold" and an average target price of $11.90.

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.