Brokerages Expect Real Industry, Inc. (RELY) Will Announce Quarterly Sales of $334.34 Million
Equities analysts expect Real Industry, Inc. (NASDAQ:RELY) to announce sales of $334.34 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Real Industry’s earnings. The highest sales estimate is $340.00 million and the lowest is $328.68 million. Real Industry reported sales of $320.90 million during the same quarter last year, which indicates a positive year over year growth rate of 4.2%. The company is scheduled to announce its next quarterly earnings results on Tuesday, August 8th.
According to Zacks, analysts expect that Real Industry will report full year sales of $334.34 million for the current fiscal year, with estimates ranging from $1.30 billion to $1.32 billion. For the next financial year, analysts forecast that the business will post sales of $1.30 billion per share, with estimates ranging from $1.29 billion to $1.32 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Real Industry.
Real Industry (NASDAQ:RELY) last posted its quarterly earnings data on Wednesday, May 10th. The financial services provider reported ($0.43) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.42) by $0.01. Real Industry had a negative return on equity of 53.24% and a negative net margin of 8.16%. The firm had revenue of $337.10 million during the quarter, compared to the consensus estimate of $315.07 million. During the same period in the prior year, the firm posted ($0.38) EPS. The firm’s quarterly revenue was up 9.0% on a year-over-year basis.
RELY has been the topic of a number of analyst reports. B. Riley reissued a “buy” rating and issued a $8.00 price target on shares of Real Industry in a research note on Thursday, March 16th. Zacks Investment Research downgraded Real Industry from a “hold” rating to a “sell” rating in a research note on Saturday, March 18th.
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Real Industry (RELY) remained flat at $3.05 during mid-day trading on Friday. The company’s stock had a trading volume of 230,896 shares. Real Industry has a 52-week low of $1.90 and a 52-week high of $8.83. The company’s 50-day moving average is $2.78 and its 200 day moving average is $4.22. The stock’s market capitalization is $88.06 million.
Hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of Real Industry by 38.1% in the first quarter. Dimensional Fund Advisors LP now owns 397,910 shares of the financial services provider’s stock valued at $1,134,000 after buying an additional 109,824 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Real Industry by 1.8% in the first quarter. Geode Capital Management LLC now owns 188,707 shares of the financial services provider’s stock valued at $537,000 after buying an additional 3,322 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Real Industry by 3.6% in the first quarter. Vanguard Group Inc. now owns 1,064,172 shares of the financial services provider’s stock valued at $3,033,000 after buying an additional 37,040 shares during the last quarter. Menta Capital LLC increased its stake in shares of Real Industry by 233.6% in the first quarter. Menta Capital LLC now owns 185,849 shares of the financial services provider’s stock valued at $530,000 after buying an additional 130,141 shares during the last quarter. Finally, Croft Leominster Inc. increased its stake in shares of Real Industry by 35.7% in the first quarter. Croft Leominster Inc. now owns 57,000 shares of the financial services provider’s stock valued at $162,000 after buying an additional 15,000 shares during the last quarter. 59.24% of the stock is currently owned by institutional investors and hedge funds.
Real Industry Company Profile
Real Industry, Inc is a holding company. The Company focuses on the operations of Real Alloy Holding, Inc (Real Alloy), which is engaged in aluminum recycling. The Company’s segments include Real Alloy North America (RANA) and Real Alloy Europe (RAEU). The RANA segment includes aluminum melting, processing, recycling and alloying activities conducted in approximately 20 facilities located in the United States, Canada and Mexico.
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