Strong consumer demand outweighed supply chain disruptions and labor shortages in the home builder confidence, according to the October edition of the Housing Market Index (HMI) published by the National Association of Homebuilders (NAHB) and Wells Fargo (NYSE: WFC).
After pulling data from Benzinga Pro it seems like during Q2, RE/MAX Hldgs (NYSE:RMAX) earned $13.41 million, a 279.13% increase from the preceding quarter. RE/MAX Hldgs also posted a total of $77.25 million in sales, a 6.85% increase since Q1.
RE/MAX Hldgs (NYSE:RMAX) declared a dividend payable on August 31, 2021 to its shareholders as of August 3, 2021. It was also announced that shareholders of RE/MAX Hldgs's stock as of August 17, 2021 are entitled to the dividend.
Shares of RE/MAX Hldgs (NYSE:RMAX) moved lower in after-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share were up 65.79% year over year to $0.63, which beat the estimate of $0.56.
RE/MAX Hldgs (NYSE:RMAX) reported quarterly earnings of $0.63 per share which beat the analyst consensus estimate of $0.56 by 12.5 percent. This is a 65.79 percent increase over earnings of $0.38 per share from the same