eXp World (NASDAQ:EXPI) Posts Earnings Results, Beats Estimates By $0.01 EPS

eXp World (NASDAQ:EXPI) posted its quarterly earnings data on Wednesday. The technology company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01, Briefing.com reports. The company had revenue of $943.10 million for the quarter, compared to analyst estimates of $893.24 million. eXp World had a positive return on equity of 0.09% and a negative net margin of 0.21%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.01 earnings per share.

eXp World Stock Up 10.8 %

EXPI traded up $1.10 during trading on Thursday, hitting $11.25. The company’s stock had a trading volume of 2,368,327 shares, compared to its average volume of 1,102,826. eXp World has a twelve month low of $8.91 and a twelve month high of $25.39. The stock’s fifty day moving average price is $10.71 and its 200-day moving average price is $12.53. The firm has a market capitalization of $1.71 billion, a P/E ratio of -187.83 and a beta of 2.29.

eXp World Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.78%. The ex-dividend date was Thursday, March 7th. eXp World’s dividend payout ratio (DPR) is presently -333.33%.

Analysts Set New Price Targets

EXPI has been the topic of a number of recent analyst reports. TheStreet lowered eXp World from a “c-” rating to a “d” rating in a research note on Monday, March 4th. DA Davidson reissued an “underperform” rating and issued a $11.75 price target on shares of eXp World in a research note on Thursday.

About eXp World

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company operates through North American Realty, International Realty, Virbela, and Other Affiliated Services segments. It provides Virbela, a cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees.