Re/Max Holdings Inc (RMAX) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.39 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.35. The company posted revenue of $42.90 million in the period, compared to analysts expectations of $42.98 million. The company’s revenue was down -2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.
Many Wall Street Analysts have commented on Re/Max Holdings Inc. Keefe Bruyette Initiated Re/Max Holdings Inc on Mar 31, 2016 to “Mkt Perform”, Price Target of the shares are set at $34.
Re/Max Holdings Inc opened for trading at $36.23 and hit $37.13 on the upside on Wednesday, eventually ending the session at $36.73, with a gain of 0.44% or 0.16 points. The heightened volatility saw the trading volume jump to 64,274 shares. Company has a market cap of $646 M.
In a different news, on Nov 10, 2015, David Metzger (COO and CFO) sold 60,000 shares at $39.57 per share price. According to the SEC, on Sep 15, 2015, Adam Lindquist Scoville (Vice President General Counsel) sold 700 shares at $37.25 per share price.
RE/MAX Holdings Inc. is a franchisor of real estate brokerage services. Its business is to recruit and retain agents and sell franchises. The Company operates in two segments: Real Estate Franchise Services and Brokerages. The Real Estate Franchise Services segment comprises the operations of the Company’s owned and independent global franchising operations and corporate-wide professional services expenses. The Brokerages reportable segment contains the operations of its 21 owned brokerage offices in the United States (which represent less than 1% of RE/MAX brokerages in the United States) the results of operations of a mortgage brokerage company in which it owns a non-controlling interest and reflects the elimination of intersegment revenue and other consolidation entities. It operates in the real estate brokerage franchise industry in the United States Canada and 95 other countries.