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

RE/MAX (NYSE:RMAX) posted its quarterly earnings data on Thursday. The financial services provider reported $0.19 EPS for the quarter, missing the consensus estimate 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 Stock Performance

RMAX traded down $0.32 on Thursday, reaching $10.15. The company had a trading volume of 137,655 shares, compared to its average volume of 121,471. The stock has a market cap of $191.53 million, a P/E ratio of -18.80 and a beta of 1.37. RE/MAX has a fifty-two week low of $6.94 and a fifty-two week high of $14.31. The company’s fifty day moving average is $10.42 and its 200 day moving average is $11.29.

Insider Buying and Selling at RE/MAX

In other news, major shareholder Adam K. Peterson purchased 29,455 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was bought at an average price of $10.82 per share, with a total value of $318,703.10. Following the acquisition, the insider now owns 3,207,495 shares in the company, valued at approximately $34,705,095.90. The trade was a 0.93 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders acquired 69,889 shares of company stock valued at $729,432 in the last quarter. Company insiders own 5.99% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of RE/MAX from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $9.17.

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.