News Spotlight: RE/MAX Holdings (RMAX)

RE/MAX Holdings, Inc. (NYSE:RMAX), changed -2.69% to recent value of $24.98. The stock transacted 151979 shares during most recent day however it has an average volume of 260.17K shares. It spotted trading -50.09% off 52-week high price. On the other end, the stock has been noted -0.91% away from the low price over the last 52-weeks.

RE/MAX Holdings, Inc. (NYSE:RMAX), parent company of RE/MAX, one of the world’s leading franchisors of real estate brokerage services, today announced industry veteran Nick Bailey has returned to the organization in the newly created position of Chief Customer Officer (CCO).

Bailey, who most recently served as President and CEO of Century 21 Real Estate LLC, a subsidiary of Realogy, brings more than 23 years of real estate industry experience to his new role. Earlier in his career, he spent over a decade at RE/MAX World Headquarters, where he led the growth and development for numerous regional operations throughout the United States.

“If anyone can help our Broker/Owners cut through the noise of a changing industry, it’s Nick Bailey,” said Adam Contos, RE/MAX CEO. “He’s devoted his entire career to serving the real estate industry and will act as a passionate advocate for the entrepreneurs who are the backbone of our global network. This hire aligns with our values and fortifies our customer-obsessed culture. We’ve landed one of the best minds in the industry to help deliver even more to our brokers and agents.”

As CCO, Bailey will report directly to CEO Contos and oversee areas such as business growth, brokerage support, franchise sales, professional development, industry relations and international expansion. The CCO ensures that customer strategy is set, day-to-day operations are met, goals are achieved, talent is developed, and the business is poised for long-term growth and shareholder value.

“The industry is cluttered with distractions that can quickly knock agents and brokers off their game,” Bailey said. “Throughout my career, I’ve been an agent, a broker, a franchiser and a leader of a tech company focused on the consumer — I’ve been on all sides of the transaction. My goal is to use my unique skillset to help our network of highly productive entrepreneurs grow their businesses, find success and, in turn, deliver a consistent and elevated experience to homebuyers and sellers long into the future.”

 RMAX has an operating margin of 31.50% while its profit margin remained 11.00% for the last 12 months. Its earnings per share (EPS) expected to touch remained 163.60% for this year .

 The company has 17.78M of outstanding shares and 17.71M shares were floated in the market. According to the most recent quarter its current ratio was 1.6 that represents company’s ability to meet its current financial obligations. The price moved ahead of -5.60% from the mean of 20 days, -12.86% from mean of 50 days SMA and performed -27.05% from mean of 200 days price. Company’s performance for the week was -5.81%, -11.51% for month and YTD performance remained -18.76%.

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