Re/Max Holdings Inc (RMAX) Releases Earnings Results, Beats Expectations By $0.02 EPS

Re/Max Holdings Inc (RMAX) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.46 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.44. The company posted revenue of $43.40 million in the period, compared to analysts expectations of $42.80 million. The company’s revenue was down -2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

Re/Max Holdings Inc closed down -0.87 points or -2.01% at $42.46 with 63,103 shares getting traded on Tusday. Post opening the session at $43.22, the shares hit an intraday low of $42.41 and an intraday high of $43.447 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 6, 2016, Geoffrey D Lewis (President) sold 750 shares at $41.00 per share price. According to the SEC, on May 17, 2016, Daniel J. Predovich (director) sold 1,114 shares at $39.08 per share price. On May 10, 2016, Adam M. Contos (Chief Operating Officer) sold 1,564 shares at $38.22 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Re/Max Holdings Inc

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