Wall Street analysts expect Realogy Holdings Corp (NYSE:RLGY) to post earnings of ($0.23) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Realogy’s earnings. The lowest EPS estimate is ($0.30) and the highest is ($0.15). Realogy posted earnings of ($0.16) per share during the same quarter last year, which suggests a negative year over year growth rate of 43.8%. The firm is scheduled to announce its next earnings results on Thursday, May 3rd.
According to Zacks, analysts expect that Realogy will report full-year earnings of $1.79 per share for the current fiscal year, with EPS estimates ranging from $1.64 to $1.95. For the next fiscal year, analysts expect that the company will post earnings of $2.09 per share, with EPS estimates ranging from $1.93 to $2.25. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Realogy.
Realogy (NYSE:RLGY) last announced its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.02. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.46 billion. Realogy had a net margin of 7.05% and a return on equity of 8.74%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 EPS.
Several research analysts have recently weighed in on RLGY shares. Piper Jaffray Companies reiterated a “buy” rating and set a $36.00 price objective on shares of Realogy in a report on Friday, December 22nd. Deutsche Bank set a $35.00 price objective on shares of Realogy and gave the stock a “buy” rating in a report on Wednesday, February 28th. Stephens reiterated a “buy” rating and set a $33.00 price objective on shares of Realogy in a report on Friday, February 23rd. TheStreet lowered shares of Realogy from a “b-” rating to a “c+” rating in a report on Monday, January 8th. Finally, Zacks Investment Research upgraded shares of Realogy from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 7th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $33.60.
Shares of Realogy (NYSE RLGY) traded up $0.16 during mid-day trading on Wednesday, hitting $25.45. 302,693 shares of the stock traded hands, compared to its average volume of 1,927,989. The stock has a market cap of $3,292.81, a price-to-earnings ratio of 8.06, a P/E/G ratio of 0.68 and a beta of 1.30. Realogy has a 1-year low of $23.86 and a 1-year high of $35.18. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.80 and a current ratio of 0.80.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Investors of record on Monday, March 12th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Friday, March 9th. Realogy’s dividend payout ratio (DPR) is presently 11.39%.
Realogy announced that its board has initiated a share buyback program on Tuesday, February 27th that allows the company to buyback $350.00 million in shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB acquired a new position in Realogy during the fourth quarter worth about $336,000. Sterling Capital Management LLC grew its holdings in Realogy by 44.6% during the fourth quarter. Sterling Capital Management LLC now owns 2,282,619 shares of the financial services provider’s stock worth $60,489,000 after acquiring an additional 704,235 shares during the period. Gotham Asset Management LLC grew its holdings in Realogy by 78.7% during the fourth quarter. Gotham Asset Management LLC now owns 23,344 shares of the financial services provider’s stock worth $619,000 after acquiring an additional 10,281 shares during the period. Vident Investment Advisory LLC grew its holdings in Realogy by 10.3% during the fourth quarter. Vident Investment Advisory LLC now owns 88,845 shares of the financial services provider’s stock worth $2,354,000 after acquiring an additional 8,306 shares during the period. Finally, Meadow Creek Investment Management LLC grew its holdings in Realogy by 162.5% during the fourth quarter. Meadow Creek Investment Management LLC now owns 62,412 shares of the financial services provider’s stock worth $1,654,000 after acquiring an additional 38,640 shares during the period.
ILLEGAL ACTIVITY WARNING: This news story was first posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.thelincolnianonline.com/2018/03/14/realogy-holdings-corp-rlgy-expected-to-post-earnings-of-0-23-per-share.html.
Realogy Company Profile
Realogy Holdings Corp. is an integrated provider of residential real estate services in the United States. The Company is the franchisor of residential real estate brokerages with some of the recognized brands in the real estate industry, the owner of United States residential real estate brokerage offices, the global provider of outsourced employee relocation services and a provider of title and settlement services.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Realogy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realogy and related companies with MarketBeat.com's FREE daily email newsletter.