Equities analysts expect that Realogy Holdings Corp (NYSE:RLGY) will announce $1.40 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Realogy’s earnings. Realogy posted sales of $1.35 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.7%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, February 25th.
According to Zacks, analysts expect that Realogy will report full-year sales of $5.88 billion for the current fiscal year. For the next fiscal year, analysts anticipate that the business will report sales of $5.92 billion, with estimates ranging from $5.89 billion to $5.95 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Realogy.
Realogy (NYSE:RLGY) last announced its earnings results on Thursday, November 7th. The financial services provider reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.18). The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.66 billion. Realogy had a negative net margin of 2.09% and a positive return on equity of 4.38%. Realogy’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 EPS.
A number of equities analysts recently commented on RLGY shares. Zacks Investment Research downgraded Realogy from a “hold” rating to a “strong sell” rating in a report on Thursday, November 21st. ValuEngine upgraded Realogy from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Susquehanna Bancshares downgraded Realogy from a “neutral” rating to a “negative” rating and decreased their target price for the company from $7.00 to $6.00 in a report on Monday, November 11th. Evercore ISI restated a “hold” rating and set a $9.00 target price on shares of Realogy in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. upped their target price on Realogy from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Tuesday, December 3rd. Four research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $7.50.
Shares of Realogy stock traded down $0.16 during midday trading on Friday, reaching $10.55. 1,521,753 shares of the company’s stock traded hands, compared to its average volume of 3,354,750. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market cap of $1.20 billion, a PE ratio of 7.03 and a beta of 1.80. The stock has a 50 day moving average of $9.69 and a 200-day moving average of $7.14. Realogy has a 12 month low of $4.33 and a 12 month high of $18.88.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Metropolitan Life Insurance Co NY raised its holdings in Realogy by 929.0% in the third quarter. Metropolitan Life Insurance Co NY now owns 29,316 shares of the financial services provider’s stock worth $196,000 after purchasing an additional 26,467 shares in the last quarter. Millennium Management LLC raised its holdings in Realogy by 74.8% in the third quarter. Millennium Management LLC now owns 895,942 shares of the financial services provider’s stock worth $5,984,000 after purchasing an additional 383,328 shares in the last quarter. Penserra Capital Management LLC raised its holdings in Realogy by 25.0% in the third quarter. Penserra Capital Management LLC now owns 5,720 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 1,144 shares in the last quarter. California State Teachers Retirement System raised its holdings in Realogy by 4.4% in the third quarter. California State Teachers Retirement System now owns 197,787 shares of the financial services provider’s stock worth $1,321,000 after purchasing an additional 8,305 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in Realogy in the third quarter worth $124,000.
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.
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