|Bid||23.48 x 800|
|Ask||25.97 x 1000|
|Day's Range||24.56 - 25.57|
|52 Week Range||14.40 - 40.78|
|Beta (5Y Monthly)||1.59|
|PE Ratio (TTM)||19.65|
|Earnings Date||Jul 30, 2020 - Aug 03, 2020|
|Forward Dividend & Yield||0.88 (3.45%)|
|Ex-Dividend Date||May 18, 2020|
|1y Target Est||37.20|
RE/MAX, LLC, today announced its annual Broker Owner Conference (BOC) will be held virtually August 17-18, 2020. Adopting a theme of "BOC@Home. One World, One RE/MAX," the event will be open to a global audience, connecting the network's brokers and owners in more than 110 countries and territories together virtually to learn, network with each other, discover new tools and technology, and take their business to the next level.
Fewer sellers, fewer buyers: The first full month of coronavirus stay-at-home orders weighed on April home sales, causing them to drop an average of 20.2% compared to a year ago. Inventory in the report's 53 markets similarly tumbled by 20.5% year-over-year, while the Median Sale Price of $276,000 was up 9.3%.
Moody's Investors Service (Moody's) affirmed RE/MAX, LLC's (RE/MAX) existing ratings, including the Ba3 Corporate Family Rating, and changed the outlook to negative from stable. Concurrently, Moody's assigned a Speculative Grade Liquidity Rating of SGL-2, reflecting good liquidity. "The outlook change to negative reflects Moody's expectation that a sharp decline in home sale transaction volume in 2020 and disruptions to RE/MAX's and its franchisees business caused by the coronavirus outbreak will lead to earnings decline and a spike in leverage in 2020," according to Dilara Sukhov, Moody's lead analyst on Re/Max. "The protections offered by the company's 100%-franchise structure, good liquidity and the expectation that the company's metrics will rebound as the US housing market recovers in 2021 support the affirmation of the ratings."
Image source: The Motley Fool. RE/MAX Holdings Inc (NYSE: RMAX)Q1 2020 Earnings CallMay 7, 2020, 8:30 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood morning, and welcome to the RE/MAX Holdings First Quarter 2020 Earnings Conference Call and Webcast.
Today, RE/MAX, LLC, announced the addition of three companies to the RE/MAX Approved Suppliers program, a list of vetted companies providing business services to the RE/MAX network. With over 100 participating companies, the RE/MAX Approved Suppliers program is one of the largest of its kind in the real estate industry.
RE/MAX (RMAX) delivered earnings and revenue surprises of -7.14% and -0.09%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
RE/MAX Holdings, Inc. (NYSE: RMAX), parent company of RE/MAX, 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 $0.22 per share of Class A common stock.
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.
Despite the advance of the coronavirus across the U.S. in the second half of the month, March home sales increased 2.7% year-over-year in the report's 52 markets – a hint of what might have been.
Residential brokerage firm Compass was valued at $6.4 billion on the promise of new technology, but the reality has been more complicated
RE/MAX Holdings, Inc. (NYSE: RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, and Motto Franchising, ("Motto Mortgage"), an innovative mortgage brokerage franchisor, announced today the appointment of Stephen P. Joyce to its Board of Directors.
Re/Max first offered financial support for affiliates in mid-March, but goes further with these latest steps.
RE/MAX Holdings, Inc. (the "Company" or "RE/MAX Holdings") (NYSE: RMAX) today provided an update on the COVID-19 impact to the Company's operations, announced an expansion of its financial support to its franchisees, and disclosed certain key operating metrics – RE/MAX agent count and Motto Mortgage open office count as of March 31, 2020 – in advance of the Company's first-quarter earnings release expected to be issued on May 6, 2020.
Today, RE/MAX, LLC, in collaboration with award-winning agency Camp + King, announced the addition of two new spots to its 2020 advertising campaign aiming to bring people together with a message that "We Will Rise Above" during this time of uncertainty.
In 2019, RE/MAX affiliates in the U.S. and Canada donated $9.8 million to Children's Miracle Network (CMN) Hospitals, bringing the grand total of donations in the 28 years since the partnership began to more than $160 million.
Sellers appear to be holding off on listing their homes for sale in anticipation of less buyer traffic during the normally busy spring home-buying season.
The 2020 REAL Trends 500 survey revealed that RE/MAX agents at participating brokerages outsold competing agents, on average, by more than 2-to-1* last year. In the report – a widely followed ranking of large U.S. real estate brokerages – RE/MAX agents averaged 15.6 transaction sides, more than doubling the average (7.0) of all other agents from the participating brokerages. RE/MAX agents have held this 2-to-1 advantage in each of the last 10 years, starting in 2010.
Denver-based Re/Max Holdings Inc. (NYSE: RMAX) is withdrawing its guidance for the first quarter and full year 2020, the company announced Thursday afternoon, citing the uncertainties surrounding the global coronavirus pandemic. At the same time, the real estate brokerage franchisor said it will be rolling out a series of initiatives to support Re/Max affiliates as they face challenges due to the spread of the virus. “Our priority continues to be the health and safety of our agents, franchisees, employees, home buyers and sellers and the communities in which they live,” said Adam Contos, Re/Max CEO.
RE/MAX Holdings, Inc. (the "Company" or "RE/MAX Holdings") (NYSE: RMAX) today announced several initiatives to help RE/MAX affiliates navigate their businesses through the ongoing challenges of the global coronavirus (COVID-19) pandemic. The initiatives the Company is offering include financial support (for example, the deferral of certain fees), productivity tools at a full or partial discount, along with enhanced training and other tools to be rolled out to help affiliates optimize their business for the current environment. RE/MAX Holdings also provided an update on its previously issued guidance for the first quarter and full year of 2020.
‘The coronavirus has just made the future we’ve been preparing for come sooner,’ Redfin CEO Glenn Kelman said in a blog post.
Representing the last full month before the coronavirus became a global pandemic, February saw the third consecutive month of year-over-year increases in U.S. home sales – a streak not seen since 2015. At the same time, inventory across the report's 53 metro markets plunged 15.8%, marking the fourth successive month of double-digit percentage, year-over-year declines.
Unfortunately for some shareholders, the RE/MAX Holdings (NYSE:RMAX) share price has dived 34% in the last thirty...
With more than 7,000 real estate agents, brokers and other attendees from over 67 countries in attendance, RE/MAX hosted its 44th annual convention at the MGM Grand in Las Vegas this week. The Opening General Session, hosted by RE/MAX Holdings, Inc. CEO Adam Contos, featuring RE/MAX Co-Founder Dave Liniger and world-renowned motivational speaker Les Brown, highlighted the accomplishments of the global real estate network's more than 130,000 agents and announced what's to come for one of the world's leading franchisors of real estate brokerage services.