|Bid||26.17 x 800|
|Ask||26.19 x 1100|
|Day's Range||26.14 - 26.91|
|52 Week Range||25.21 - 50.35|
|Beta (3Y Monthly)||1.46|
|PE Ratio (TTM)||16.99|
|Earnings Date||Oct 30, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||0.84 (3.10%)|
|1y Target Est||33.83|
Some mixed news is out on the state of the housing market. Realtor.com finds in a new report that lower interest rates are bringing more buyers into the market, but inventories are coming down as more potential sellers decline to list. Realtor.com’s Chief Economist Danielle Hale joins Yahoo Finance’s Brian Sozzi to discuss.
A drop in home sales from June to July is typical in the report's 53 metro areas. "July sales snapped back after a tepid June, as attractive low interest rates appear to have brought more buyers into the mix," said RE/MAX CEO Adam Contos. "The housing market has been a bit uneven since the early spring, with each encouraging month seemingly followed by one with lukewarm results.
DENVER, Aug. 7, 2019 /PRNewswire/ -- RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services, has launched branded digital stickers available on messaging and social media channels for RE/MAX affiliates at no additional cost. The RE/MAX Digital Sticker Pack is the latest digital offering for the Network's agents and brokers following the launch of the booj Platform productivity suite earlier this week. The innovative mobile marketing campaign delivers animated stickers to agents, homebuyers and home sellers and serves as a fun and unique communications tool for agents to stay top of mind with clients.
CHICAGO, Aug. 5, 2019 /PRNewswire/ -- Less than two years after acquiring the award-winning web development and software firm booj, RE/MAX, LLC today announced the launch of the booj Platform, an integrated suite of digital products that will empower high-producing agents, teams and brokers to proactively establish, manage and grow client relationships. Developed by booj engineers in collaboration with thousands of RE/MAX affiliates, the booj Platform is focused on delivering a better customer experience by streamlining the work of agents, from lead generation to post-close nurturing and beyond. RE/MAX understands real estate is a local business and these sites are designed to position RE/MAX affiliates as local experts.
Looking to take on Zillow and the swath of startups trying to disrupt the real estate industry, Re/Max Holdings launches its newly acquired tech platform this week that aims to give homebuyers a better shopping experience and agents a more efficient platform to do business. In February, Re/Max (NYSE: RMAX) acquired booj, a Denver-based real estate web-development and software company, in hopes of boosting its real estate franchising business through the new technology. “We just didn’t want a tech platform at Re/Max — we wanted an experience,” said Jerry Modes, senior vice president of information technology for the company.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of RE/MAX, LLC and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
RE/MAX (RMAX) delivered earnings and revenue surprises of 10.17% and -0.06%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
DENVER , Aug. 1, 2019 /PRNewswire/ -- Second Quarter 2019 Highlights (Compared to second quarter 2018 unless otherwise noted) Total agent count increased 3.2% to 127,020 agents U.S. and Canada combined ...
DENVER, July 31, 2019 /PRNewswire/ -- RE/MAX Holdings, Inc. (RMAX), parent company of RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services, and of Motto Mortgage, an innovative mortgage brokerage franchise, announced today that its Board of Directors declared a quarterly cash dividend of $0.21 per share of Class A common stock. RE/MAX Holdings, Inc. (RMAX) is one of the world's leading franchisors in the real estate industry, franchising real estate brokerages globally under the RE/MAX® brand, and mortgage brokerages within the U.S. under the Motto® Mortgage brand. Now with more than 125,000 agents across over 110 countries and territories, nobody in the world sells more real estate than RE/MAX, as measured by total residential transaction sides.
RE/MAX (RMAX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
DENVER, July 17, 2019 /PRNewswire/ -- Typically the strongest month for home sales, June saw closings decline 4.7% from May and 7.8% from June 2018, according to the RE/MAX National Housing Report. Going in the opposite direction, June's Median Sales Price of $276,000 was an all-time high in the 10-year history of the report. "Record prices appear to have kept June sales figures from topping a strong May," said RE/MAX CEO Adam Contos.
DENVER , July 9, 2019 /PRNewswire/ -- RE/MAX Holdings, Inc. (the "Company") (NYSE: RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, ...
DENVER, July 9, 2019 /PRNewswire/ -- RE/MAX, the world's most productive real estate network*, had more agents recognized than any other real estate brand for the annual ranking of "America's Best Real Estate Professionals" by REAL Trends + Tom Ferry. "The unwavering strength of the RE/MAX network is rooted in our brokers and agents, the stars of the real estate industry," said Adam Contos, CEO of RE/MAX. "RE/MAX has more of 'America's Best' real estate professionals in our network than any other real estate brand.
All the long-promised changes in residential real estate are finally upon us, says one analyst in a recent note, changing his outlook on the stocks under his coverage.
At the same time, inventory grew for the eighth consecutive month, representing the most units for sale since August 2016 in the report's 54 metro areas. Homes sold quickly, as evident in the Days on Market average of 47 – the second-fastest May average in the 10-year history of the report. The Median Sales Price of $259,500 was up 3.4% year-over-year, representing the lowest May increase since 2011.
DENVER , June 11, 2019 /PRNewswire/ -- RE/MAX Holdings, Inc. (NYSE: RMAX), parent company of RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services, and of Motto Mortgage, ...
Re/Max Holdings Inc NYSE:RMAXView full report here! Summary * Bearish sentiment is low and declining * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is low for RMAX with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on June 6. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold RMAX had net inflows of $432 million over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Forward-looking statements are based on information available at the time those statements are made and the good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Such risks and uncertainties include, without limitation, (1) changes in the real estate market or interest rates and availability of financing, (2) changes in business and economic activity in general, (3) volatility in RE/MAX's stock price, which may decline regardless of the company's operating performance, (4) fluctuations in RE/MAX's operating results, and those risks and uncertainties described in the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the most recent Annual Report on Form 10-K of RE/MAX filed with the Securities and Exchange Commission ("SEC") and similar disclosures in subsequent periodic and current reports filed with the SEC, which are available on the investor relations page of RE/MAX's website at www.remax.com and on the SEC website at www.sec.gov. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made.
DENVER, May 17, 2019 /PRNewswire/ -- April home sales finished just 1% below a year ago as selling times shortened and tight inventory held steady, according to the RE/MAX National Housing Report. At the same time, inventory increased 0.8% and marked the seventh consecutive month of year-over-year growth in number of homes for sale. The Months Supply of Inventory in April dropped year-over-year from 3.0 to 2.6.