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MarketScreener Homepage  >  Equities  >  Nyse  >  Re/Max Holdings Inc    RMAX

RE/MAX HOLDINGS INC (RMAX)
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Glancy Prongay & Murray LLP : Continues Investigation on Behalf of RE/MAX Holdings, Inc. Investors (RMAX)

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11/10/2017 | 07:31pm CEST

Glancy Prongay & Murray LLP (“GPM”) continues its investigation on behalf of RE/MAX Holdings, Inc. (“RE/MAX” or the “Company”) (NYSE: RMAX) investors concerning the Company and its officers’ possible violations of federal securities laws. To obtain information or aid in the investigation, please visit the RE/MAX investigation page on our website www.glancylaw.com/case/remax-holdings-inc.

On November 2, 2017, RE/MAX disclosed that its board of directors appointed a special committee "to investigate allegations concerning actions of certain members of the Company's senior management including an allegation of a previously undisclosed loan of personal funds from David L. Liniger, the Company's Co-Chief Executive Officer and Chairman, to Adam M. Contos, the Company's Co-Chief Executive Officer, and allegations of wrongdoing in employment practices and conduct." Consequently, RE/MAX "announced the Company will delay its third quarter 2017 earnings release and conference call pending further work in connection with the internal investigation."

On this news, RE/MAX’s shares fell $10.30, or 15.4%, to close at $56.40 on November 3, 2017, thereby injuring investors.

Follow us for updates on Twitter: twitter.com/GPM_LLP.

If you purchased RE/MAX securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


© Business Wire 2017
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Financials ($)
Sales 2018 215 M
EBIT 2018 79,1 M
Net income 2018 32,1 M
Debt 2018 165 M
Yield 2018 1,97%
P/E ratio 2018 25,39
P/E ratio 2019 20,75
EV / Sales 2018 4,10x
EV / Sales 2019 3,71x
Capitalization 719 M
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Technical analysis trends RE/MAX HOLDINGS INC
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 8
Average target price 56,9 $
Spread / Average Target 40%
EPS Revisions
Managers
NameTitle
Brenda Tushaus Chief Executive Officer
David L. Liniger Non-Executive Chairman
Serene M. Smith Chief Operating Officer
Karri R. Callahan Chief Financial Officer
Gail A. Liniger Vice Chairman
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