eXp World Holdings, Inc. (NASDAQ:EXPI) Plans $0.05 Quarterly Dividend

eXp World Holdings, Inc. (NASDAQ:EXPI) announced a quarterly dividend on Tuesday, April 30th, Zacks reports. Shareholders of record on Monday, May 13th will be paid a dividend of 0.05 per share by the technology company on Monday, May 27th. This represents a $0.20 annualized dividend and a yield of 1.70%. The ex-dividend date is Friday, May 10th.

eXp World has a dividend payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect eXp World to earn $0.51 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 39.2%.

eXp World Price Performance

NASDAQ EXPI traded down $0.35 during trading hours on Wednesday, hitting $11.75. The company’s stock had a trading volume of 101,391 shares, compared to its average volume of 1,090,343. The company has a market cap of $1.82 billion, a P/E ratio of -71.17 and a beta of 2.29. The company’s 50 day simple moving average is $10.73 and its two-hundred day simple moving average is $12.47. eXp World has a 12 month low of $8.91 and a 12 month high of $25.39.

eXp World (NASDAQ:EXPI) last announced its earnings results on Wednesday, May 1st. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. The company had revenue of $943.10 million during the quarter, compared to analyst estimates of $893.24 million. eXp World had a negative net margin of 0.60% and a negative return on equity of 1.50%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.01 earnings per share. As a group, research analysts predict that eXp World will post 0.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on EXPI. TheStreet cut eXp World from a “c-” rating to a “d” rating in a report on Monday, March 4th. DA Davidson reissued an “underperform” rating and issued a $11.75 target price on shares of eXp World in a report on Thursday, May 2nd.

eXp World Company Profile

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.