Realogy Holdings Corp. (RLGY) Expected to Post Quarterly Sales of $1.78 Billion
Equities analysts predict that Realogy Holdings Corp. (NYSE:RLGY) will announce $1.78 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Realogy Holdings Corp.’s earnings. The highest sales estimate is $1.94 billion and the lowest is $1.69 billion. Realogy Holdings Corp. reported sales of $1.64 billion during the same quarter last year, which would indicate a positive year over year growth rate of 8.5%. The company is expected to issue its next earnings results on Friday, November 3rd.
According to Zacks, analysts expect that Realogy Holdings Corp. will report full-year sales of $1.78 billion for the current financial year, with estimates ranging from $6.11 billion to $6.50 billion. For the next financial year, analysts expect that the firm will report sales of $6.43 billion per share, with estimates ranging from $6.37 billion to $6.49 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Realogy Holdings Corp..
Realogy Holdings Corp. (NYSE:RLGY) last released its earnings results on Thursday, August 3rd. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.03. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.73 billion. Realogy Holdings Corp. had a net margin of 4.06% and a return on equity of 9.53%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.74 EPS.
A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Realogy Holdings Corp. from a “hold” rating to a “strong-buy” rating and set a $38.00 price target on the stock in a research report on Friday, July 14th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $38.00 price target on shares of Realogy Holdings Corp. in a research report on Thursday, August 10th. Barclays PLC reaffirmed an “underweight” rating on shares of Realogy Holdings Corp. in a research report on Thursday, July 13th. BidaskClub raised shares of Realogy Holdings Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Finally, TheStreet raised shares of Realogy Holdings Corp. from a “c+” rating to a “b” rating in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $34.63.
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In other news, SVP Timothy B. Gustavson sold 3,093 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $34.84, for a total transaction of $107,760.12. Following the transaction, the senior vice president now directly owns 8,705 shares of the company’s stock, valued at $303,282.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.80% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Federated Investors Inc. PA acquired a new stake in Realogy Holdings Corp. in the second quarter valued at $101,000. Mckinley Capital Management LLC Delaware acquired a new stake in Realogy Holdings Corp. in the second quarter valued at $119,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in Realogy Holdings Corp. by 310.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,100 shares of the financial services provider’s stock valued at $122,000 after acquiring an additional 3,100 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Realogy Holdings Corp. by 2.1% in the first quarter. PNC Financial Services Group Inc. now owns 4,136 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 86 shares in the last quarter. Finally, Nisa Investment Advisors LLC acquired a new stake in Realogy Holdings Corp. in the first quarter valued at $134,000.
Shares of Realogy Holdings Corp. (RLGY) opened at 33.48 on Monday. Realogy Holdings Corp. has a 12-month low of $21.43 and a 12-month high of $35.18. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 19.51 and a beta of 1.39. The firm’s 50-day moving average is $33.98 and its 200-day moving average is $31.04.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 16th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, August 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.08%. Realogy Holdings Corp.’s payout ratio is currently 21.05%.
Realogy Holdings Corp. 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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