RE/MAX (NYSE:RMAX) Releases Quarterly Earnings Results, Misses Expectations By $0.10 EPS

RE/MAX (NYSE:RMAX - Get Free Report) released its quarterly earnings data on Thursday. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.10), Zacks reports. RE/MAX had a negative net margin of 3.08% and a negative return on equity of 35.76%. RE/MAX updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

RE/MAX Trading Down 3.1 %

RE/MAX stock traded down $0.32 during mid-day trading on Thursday, hitting $10.15. 137,655 shares of the company's stock were exchanged, compared to its average volume of 121,471. RE/MAX has a 1-year low of $6.94 and a 1-year high of $14.31. The stock has a 50 day moving average of $10.42 and a two-hundred day moving average of $11.29. The stock has a market cap of $191.53 million, a P/E ratio of -18.80 and a beta of 1.37.

Analysts Set New Price Targets

Separately, StockNews.com raised RE/MAX from a "hold" rating to a "buy" rating in a research note on Thursday, November 28th. One investment 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 data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $9.17.

Insiders Place Their Bets

In other news, major shareholder Adam K. Peterson purchased 13,636 shares of the company's stock in a transaction dated Monday, December 30th. The shares were bought 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 directly owns 3,221,131 shares in the company, valued at $33,660,818.95. This trade represents a 0.43 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased 69,889 shares of company stock valued at $729,432 over the last quarter. Insiders own 5.99% of the company's stock.

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.

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