RE/MAX Holdings (NYSE:RMAX) Bolsa

RE/MAX Holdings

RE/MAX Hldgs

RE/MAX Holdings Inc operates as a franchisor of real estate brokerage services. It recruits and retains agents and sells franchises. The company's operating segments include Real Estate, Mortgage, Marketing Funds, and Others. It generates maximum revenue from the Real Estate segment.

RE/MAX Holdings, Inc. Class A Common Stock

RE/MAX Holdings Inc

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Shares of homebuilders and housing-related stocks stocks are trading lower amid an overall market reversal on US-China trade tensions. Volatility in the 30-year mortgage rate could also affect housing demand.

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Benzinga Market Summary: S&P Continues To Rise Following Wed. Fed Decision, US Existing Home Sales Rise In Feb., Piper Sandler Downgrades Stellantis

Shares of real estate and broker stocks are trading higher following strong Feb. existing home sales data.

RE/MAX Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMAX#NYSE">RMAX</a>) sees Q1 sales of $71.000 million-$76.000 million vs $78.16 million analyst estimate.

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RE/MAX Hldgs Sees Q1 Sales $71.000M-$76.000M vs $78.16M Est

RE/MAX Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMAX#NYSE">RMAX</a>) sees FY2025 sales of $290.000 million-$310.000 million vs $312.05 million analyst estimate.

RE/MAX Hldgs Sees FY2025 Sales $290.000M-$310.000M vs $312.05M Est

RE/MAX Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMAX#NYSE">RMAX</a>) reported quarterly earnings of $0.30 per share which beat the analyst consensus estimate of $0.29 by 3.45 percent. This is unchanged from the same period last year. The company reported quarterly sales of $72.47 million which missed the analyst consensus estimate of $74.36 million by 2.54 percent. This is a 5.40 percent decrease over sales of $76.60 million the same period last year.

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RE/MAX Hldgs Q4 Adj $0.30 Beats $0.29 Estimate, Sales $72.47M Miss $74.36M Estimate

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Earnings Scheduled For February 20, 2025

<a href="https://www.reuters.com/legal/government/us-justice-dept-questions-scope-realtor-groups-418-mln-settlement-2024-11-25/" title="https://www.reuters.com/legal/government/us-justice-dept-questions-scope-realtor-groups-418-mln-settlement-2024-11-25/">https://www.reuters.com/legal/government/us-justice-dept-questions-scope-realtor-groups-418-mln-settlement-2024-11-25/</a>

Legal

'The U.S. Justice Department's Antitrust Division Warned A Federal Judge On Sunday That Part Of A Proposed $418M Settlement In A Class Action Over Home Sales Commissions Could Limit How Real Estate Brokers Compete; The Settlement With The National Association Of Realtors Would End The Practice Of Forcing Home Sellers To Pay A Commission To A Buyer's Agent In Order To List Their Homes For Sale' - Reuters

RE/MAX Holdings shares are trading lower. The company reported Q3 financial results.

RE/MAX Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMAX#NYSE">RMAX</a>) reported quarterly earnings of $0.38 per share which beat the analyst consensus estimate of $0.36 by 5.56 percent. This is a 5 percent decrease over earnings of $0.40 per share from the same period last year. The company reported quarterly sales of $78.478 million which beat the analyst consensus estimate of $78.185 million by 0.38 percent. This is a 3.38 percent decrease over sales of $81.223 million the same period last year.

RE/MAX Hldgs Q3 2024 Adj. EPS $0.38 Beats $0.36 Estimate, Sales $78.478M Beat $78.185M Estimate

RE/MAX Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMAX#NYSE">RMAX</a>) sees Q4 sales of $71.000 million-76.000 million vs $76.00 million estimate.

RE/MAX Hldgs Sees Q4 Sales $71.000M-76.000M vs $76.00M Est

RE/MAX Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMAX#NYSE">RMAX</a>) narrows FY2024 sales outlook from $305.00 million-315.00 million to $306.00 million-311.00 million.

RE/MAX Hldgs Narrows FY2024 Sales Guidance from $305.00M-315.00M to $306.00M-311.00M (Est $310.8M)

The Zacks Real Estate Operations industry constituents are poised to gain from the increased adoption of outsourced real estate services and emerging trends. The easing of monetary policy in many large markets is expected to result in a decrease in borrowing costs, more availability of credit and drive economic growth, in turn fueling transaction activity. Companies like Newmark Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nmrk#NASDAQ">NMRK</a>), Kennedy-Wilson Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kw#NYSE">KW</a>) and RE/MAX Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rmax#NYSE">RMAX</a>) are set to benefit from these positive trends.
However, the industry faces challenges such as macroeconomic uncertainty and geopolitical tensions. Customers remain focused on cost controls and for certain asset categories are delaying their decision-making with respect to leasing.
About the Industry
The Zacks Real Estate Operations industry comprises companies that provide leasing, property management, investment management, valuation, development services, facility management, project management, transaction and consulting services, among others. However, real estate investment trusts or REITs are excluded from this group. Economic trends and government policies impact the real estate market (global and regional), which determines the industry&#39;s performance. Economic activity, employment growth, office-based employment, interest-rate levels, costs and availability of credit, tax and regulatory policies, and the geopolitical environment are the major factors shaping the real estate market&#39;s fate. Also, pandemic-induced public health challenges and geopolitical issues have affected property sales and the leasing lines of businesses.
What&#39;s Shaping the Real Estate Operations Industry&#39;s Future?
Interest Rate Cut Provides Relief for Transaction-Based Business: The latest cut in the interest rates by the Federal Reserve and anticipations of future reductions are expected to drive transaction-based businesses in the United States. Along with the United States, the easing of monetary policy in many large markets is expected to result in a decrease in borrowing costs, more availability of credit, and drive economic growth. This is expected to help investors in better price discovery and consequently result in reduced transaction completion times. It is also expected to lead to a rise in the average deal size, thereby bolstering the industry&#39;s near-term revenue prospects.
Outsourcing of Real Estate Needs to Remain Strong: Real estate occupiers, including corporations, public sector entities, healthcare providers, and those in finance, industry, life sciences and technology, are increasingly preferring to outsource their real estate needs. They are entrusting third-party real estate experts to enhance execution and efficiency. Organizations are seeking strategic advice to reimagine their workplaces and workstyles to foster culture, attract talent and improve performance. These developments are creating opportunities for participants in the real estate operations industry. Major players in the industry are leveraging this transition, securing new clients and expanding relationships with existing ones. Also, companies in this industry continue to prioritize investments in technology as it consistently improves efficiency, delivers client services and supports market share growth.
Certain Real Estate Categories&#39; Demand Hurt: The pandemic has significantly reshaped the use of commercial real estate. Also, economic uncertainty continues to affect real estate sales and leasing activities. While companies are promoting the return to office, this transition is gradual, which is hindering tenants&#39; confidence in long-term commitments. As such, pre-pandemic office occupancy levels are likely to remain elusive in the near or intermediate term. Amid a volatile environment and geopolitical issues, customers remain focused on cost controls and delaying their decision-making with respect to leasing. As such, industrial real estate demand remains subdued and this trend is expected to continue in the near term. Additionally, the pace of business-related travel and in-person interactions has not fully rebounded to pre-pandemic norms.
Zacks Industry Rank Indicates Bright Prospects
The Zacks Real Estate Operations industry is housed within the broader Zacks Finance sector. It carries a Zacks Industry Rank #104, which places it in the top 42% of more than 250 Zacks industries.
The group&#39;s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates robust near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.
The industry&#39;s positioning in the top 50% of the Zacks-ranked industries is a result of the upward earnings per share outlook for the constituent companies in aggregate. Looking at the aggregate earnings per share estimate revisions, it appears that of late, analysts are gaining confidence in this group&#39;s growth potential. Over the past year, the industry&#39;s earnings per share estimates for 2024 and 2025 have moved 46.8% and 37.2% north, respectively.
Before we present a few stocks that you may want to consider for your portfolio, let&#39;s take a look at the industry&#39;s recent stock-market performance and valuation picture.
Industry Outperforms the Sector &amp; the S&amp;P 500
The Zacks Real Estate Operations industry has outperformed the broader Zacks Finance sector and the S&amp;P 500 composite over the past year.
The industry has advanced 40.8% during this period compared with the S&amp;P 500&#39;s growth of 32.5% and the broader Finance sector&#39;s rise of 31.2%.
<h3>One-Year Price Performance</h3>
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/priceperf.jpg" style="height:228px; width:620px" />
Industry&#39;s Current Valuation
On the basis of the forward 12-month price-to-earnings, which is a commonly used multiple for valuing Real Estate Operations stocks, we see that the industry is currently trading at 17.06X compared with the S&amp;P 500&#39;s forward 12-month price-to-earnings (P/E) of 22.08X. The industry is trading above the Finance sector&#39;s forward 12-month P/E of 16.66X. This is shown in the chart below.
<h3>Forward 12-Month Price-To-Earnings Ratio</h3>
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/ind_&amp;_s&amp;p.jpg" style="height:155px; width:620px" />
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/ind_&amp;_fin.jpg" style="height:153px; width:620px" />
Over the last five years, the industry has traded as high as 32.49X and as low as 11.45X, with a median of 17.26X.
3 Real Estate Operation Stocks to Bet On
RE/MAX Holdings: Headquartered in Denver, CO, it is a franchisor in the real estate industry. The company franchises real estate brokerages globally under the RE/MAX brand and mortgage brokerages within the United States under the Motto Mortgage brand. It also sells ancillary products and services, such as loan processing services, mainly to its Motto network.
RE/MAX is poised to benefit from its strategic growth initiatives. With its efforts to expand the mortgage business and its objective to maintain a strong liquidity position, RE/MAX is well-poised to ride the growth curve.
RE/MAX Holdings currently sports a Zacks Rank #1 (Strong Buy). The Zacks Consensus Estimate for the company&#39;s 2024 earnings per share currently stands at $1.24. The stock has increased 20.8% in the past three months.
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/rmax.jpg" style="height:214px; width:620px" />
Newmark Group, Inc.: Headquartered in New York City, Newmark is a leading commercial real estate services company that is rapidly expanding its presence globally. Together with its subsidiaries, Newmark Group advises and provides services to large institutional investors, global corporations and other owners and occupiers of commercial real estate.
With investments in talent and technology, the company is expected to experience decent performance going forward. It is poised to benefit from the opportunities from the large and highly fragmented market, institutional investor demand for commercial real estate and from the favorable trend toward outsourcing of commercial real estate services.
Newmark carries a Zacks Rank of 2 (Buy) at present. The Zacks Consensus Estimate for the company&#39;s 2024 EPS has remained unchanged at $1.15 over the past month. This also suggests 9.5% growth year over year. NMRK shares have gained 22.7% over the past three months.
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/nmrk.jpg" style="height:215px; width:620px" />
Kennedy Wilson: Headquartered in Beverly Hills, CA, Kennedy Wilson is a global real estate investment company that invests in high-growth markets across the United States, the U.K. and Ireland. KW is engaged in the ownership, operation and investment in real estate on its own and through its investment management platform.
The company is expected to benefit from the continued growth of its investment management business and healthy demand for its high-quality multifamily and commercial portfolio.
Kennedy Wilson has a Zacks Rank of 2 at present. The Zacks Consensus Estimate for 2024 EPS has moved significantly upward over the past two months to $2.96. This suggests a notable increase year over year. The company&#39;s shares have appreciated 32.1% in the past six months.
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/kw.jpg" style="height:213px; width:620px" />
<a href="https://www.zacks.com/commentary/2350419/3-stocks-to-buy-on-the-real-estate-operations-industry-s-recovery?cid=CS-BENZ-FT-industry_outlook-2350419">To read this article on Zacks.com click here.</a>

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3 Stocks to Buy on the Real Estate Operations Industry's Recovery

RE/MAX Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMAX#NYSE">RMAX</a>) released its National Housing Report for September 2024, which showed home sales slowed 13.3% from August and the median sales price <a href="https://www.benzinga.com/pressreleases/24/10/n41330285/remax-national-housing-report-for-september-2024">dropped 1.4% from August to $429,000.&nbsp;</a>
The Details: RE/MAX explained the September home sales dip was a seasonal norm and pointed to prior decreases of 13.8% and 9.7% from August to September in 2023 and 2022, respectively. However, sales were 3.1% below September 2023 <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41249628/mortgage-rates-make-dramatic-u-turn-freezing-homebuyers-applications-fall-5-as-ma">levels while the median home price</a> was 4.6% higher than in September 2023.
&#8220;While we&#8217;re seeing a slight cooling in sales, it&#8217;s encouraging to note that home inventory has been steadily increasing, giving buyers more options in the market,&#8221; said RE/MAX President Amy Lessinger.&nbsp;
&#8220;The consistency in sales prices and the fact that buyers are still paying 99% of asking price demonstrates the resiliency in today&#8217;s housing market. Lower rates could generate some increased activity as we end 2024 and start 2025,&#8221; Lessinger added.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/24/10/41321699/oil-prices-drop-after-netanyahu-says-israel-will-attack-military-not-oil-or-nuclear-targets-in-iran">Oil Prices Drop After Netanyahu Says Israel Will Attack Military, Not Oil Or Nuclear Targets In Iran</a>
Hot Markets: The markets with the biggest year-over-year increase in median sales price were Hartford, Connecticut, up 11.9%; Cleveland, Ohio, up 9.1% and Providence, Rhode Island, up 8.9%. New listings were up 35.9% year-over-year in Bozeman, Montana; up 32.8% in Phoenix, Arizona and Las Vegas, Nevada, saw the number of new listings rise 27.5%.
Cooling Markets: The markets with the biggest year-over-year decrease in median sales price were Coeur d&#8217;Alene, Idaho, down 4.7%; San Antonio, Texas, down 3.1% and Tampa, Florida, down 2.6%. Tampa also saw the number of <a href="https://www.benzinga.com/real-estate/24/10/41332284/floridas-housing-market-faces-major-setback-as-high-insurance-costs-and-storm-concerns-drive-buyers">new listings</a> fall 12.3% from September 2023 and new listings in San Antonio decreased 9.1%.
Real Estate ETFs: Though inventory is increasing, the U.S. housing market remains tight with buyers paying 99% of the asking price in September. Another way to invest in the housing market is through ETFs which track the U.S. real estate market, usually through Real Estate Investment Trusts (REITs). 
The Vanguard Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNQ#NYSE">VNQ</a>) has gained 20% over the past six months and the Real Estate Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) is up nearly 22% since April 2024. 
RMAX, VNQ, XLRE Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, RE/MAX shares are up 3.03% at $12.23, Vanguard Real Estate shares are up 1.92% at $97.09 and Real Estate Select Sector SPDR shares are up 1.81% at $44.52 at the time of publication Tuesday.
Read Also:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41321567/teslas-optimus-robots-were-remotely-assisted-by-humans-at-we-robot-event">Tesla&#8217;s Optimus Robots Were Remotely Assisted By Humans At &#8216;We, Robot&#8217; Event</a></li>
</ul>
Photo: Shutterstock&nbsp;

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September Sales Chill, Prices Cool — But What Markets Are Hot?

Inventory Grows as Home Sales Cool, Prices Dip Slightly
DENVER, Oct. 15, 2024 /PRNewswire/ --&nbsp;The number of homes for sale climbed for the seventh consecutive month across the 52 metro areas surveyed – 6.4% higher than August and 33.6% above September 2023 levels. New listings also increased 9.7% compared to September 2023.

RE/MAX Reports The Number Of Homes For Sale Climbed For The Seventh Consecutive Month Across The 52 Metro Areas Surveyed – 6.4% Higher Than August And 33.6% Above September 2023 Levels. New Listings Also Increased 9.7% Compared To September 2023.

New Listings Pick Up, While Fewer Homes Sell and For Less
DENVER, Sept. 16, 2024 /PRNewswire/ -- August's new listings inched up 1.6% over the previous month after decreasing 9.4% in July and 5.2% in June. Up 7.9% year over year, new listings have remained above 2023 levels in seven of eight months year to date.
Meanwhile, home sales declined 3.3% from July across the 49 metro areas surveyed. Home sale transactions were also down 3.8% year over year – just the third month of 2024 thus far to trail 2023.
The median sales price dropped for the second consecutive month to $440,000, 1.1% below July but remained 3.5% higher than the $425,000 median recorded in August 2023. Overall, the median sales price has remained higher year over year for 14 consecutive months since June 2023.
Inventory continued to grow for the sixth consecutive month. It was up 2.4% from July and contributed to the 37.6% increase in homes for sale in August 2024 compared to August 2023.

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RE/MAX Says August's New Listings Inched Up 1.6% Over The Previous Month After Decreasing 9.4% In July And 5.2% In June. Up 7.9% YoY, New Listings Have Remained Above 2023 Levels In Seven Of Eight Months Year To Date; New Listings Pick Up, While Fewer Homes Sell And For Less

With the long-anticipated decline in interest rates finally starting to materialize, early indicators from RE/MAX brokers and agents across Canada suggest steady housing market activity this fall. Average sale prices across all housing types are expected to increase between one and six per cent in the majority of regions by year's end, according to RE/MAX's&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4244172-1&amp;h=1198855962&amp;u=https%3A%2F%2Fblog.remax.ca%2Fcanadian-housing-market-outlook%2F&amp;a=2024+Fall+Housing+Market+Outlook">2024 Fall Housing Market Outlook</a>.
&nbsp;
Ahead of the next Bank of Canada (BoC) interest rate announcement on September 4, two in 10 Canadians (16 per cent) said they will feel more comfortable engaging in the real estate market once they see there is more than a 100-basis-point cut to the BoC's lending rate between now and the end of the year, according to a Leger survey commissioned by RE/MAX as part of the report.

RE/MAX Predicts Steady Canadian Housing Market with Price Gains Amid Falling Interest Rates

The addition of Inside Real Estate's best-in-class back-office suite, enhanced for RE/MAX&#xAE; brokerages, transforms MAX/Techsm into a comprehensive and fully integrated end-to-end platform.
DENVER, Aug. 20, 2024 /PRNewswire/ --&nbsp;RE/MAX, LLC, a global leader in residential real estate, is significantly enhancing the value of its technology through an expanded strategic partnership with Inside Real Estate. The move will bring the acclaimed&nbsp;BoldTrail platform to brokerages in all RE/MAX company-owned regions across the U.S. and Canada via a rolling launch starting this fall.

RE/MAX Expands Strategic Partnership With Inside Real Estate, To Bring The Acclaimed BoldTrail Platform To Brokerages In All RE/MAX Company-Owned Regions Across The U.S. And Canada Via A Rolling Launch Starting This Fall

Home Sales Rise 3.8% While Prices Dip, Inventory Grows
DENVER&nbsp;, Aug. 15, 2024 /PRNewswire/ -- July home sales rebounded 3.8% from June while the median sales price dropped for the first time this year across the 51 metro areas surveyed. The median price of $425,000 was $5,000 – or 1.2% – lower than June's. Compared to one year ago, July home sales were up 6.7% and the median sales price increased 3.7%.

Re/Max Issues National Housing Report For July 2024; Compared To One Year Ago, July Home Sales Were Up 6.7% And The Median Sales Price Increased 3.7%

Stephens &amp; Co. analyst John Campbell maintains RE/MAX Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMAX#NYSE">RMAX</a>) with a Equal-Weight and raises the price target from $9 to $10.5.

Price Target

Stephens & Co. Maintains Equal-Weight on RE/MAX Hldgs, Raises Price Target to $10.5

Press Releases

RE/MAX HOLDINGS, INC. REPORTS FOURTH QUARTER 2024 RESULTS

New Resources, Bold Initiatives, Modern Branding Take Center Stage at Annual RE/MAX R4 Convention

RE/MAX NATIONAL HOUSING REPORT FOR FEBRUARY 2025

Consumers Vote RE/MAX the #1 Most Trusted Real Estate Agents in U.S., Canada Once Again

Luxury home-buying shifts in most major Canadian markets after strong start to 2025, says RE/MAX Canada

RE/MAX Honored as a Top Franchisor for 41 Years, Celebrates Other Top Industry Recognition

MOTTO MORTGAGE AND WEMLO CEO WARD MORRISON RETIRING AFTER DISTINGUISHED 20-YEAR CAREER WITH RE/MAX HOLDINGS BRANDS

RE/MAX Agents Lead the Industry in Productivity - Outperform Competitors 2:1 for 17th Straight Year

RE/MAX HOLDINGS, INC. TO RELEASE FIRST QUARTER 2025 RESULTS ON MAY 1, 2025

RE/MAX NATIONAL HOUSING REPORT FOR MARCH 2025

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