RE/MAX (NYSE:RMAX) Announces Earnings Results, Misses Estimates By $0.10 EPS

RE/MAX (NYSE:RMAX) issued its quarterly earnings results on Thursday. The financial services provider reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.10), Zacks reports. The business had revenue of $72.47 million during the quarter, compared to analysts’ expectations of $74.34 million. RE/MAX had a net margin of 2.32% and a negative return on equity of 38.69%. RE/MAX updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

RE/MAX Stock Down 10.1 %

NYSE:RMAX opened at $9.12 on Friday. The business’s 50 day moving average is $10.32 and its two-hundred day moving average is $11.28. RE/MAX has a 52 week low of $6.94 and a 52 week high of $14.31. The company has a market cap of $172.15 million, a PE ratio of 26.07 and a beta of 1.37.

Analyst Ratings Changes

Separately, StockNews.com raised RE/MAX from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, RE/MAX has an average rating of “Hold” and an average target price of $9.17.

Insiders Place Their Bets

In related news, major shareholder Adam K. Peterson purchased 29,455 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired 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. This trade represents a 0.93 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have bought a total of 69,889 shares of company stock valued at $729,432 in the last quarter. Insiders own 5.99% of the company’s stock.

About RE/MAX

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.