$1.78 Billion in Sales Expected for Realogy Holdings Corp. (RLGY) This Quarter
Analysts forecast that Realogy Holdings Corp. (NYSE:RLGY) will announce sales of $1.78 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Realogy Holdings Corp.’s earnings, with the highest sales estimate coming in at $1.94 billion and the lowest estimate coming in at $1.69 billion. Realogy Holdings Corp. posted 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 firm is expected to issue its next earnings report on Friday, November 3rd.
On average, 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 follow Realogy Holdings Corp..
Realogy Holdings Corp. (NYSE:RLGY) last issued its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.03. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Realogy Holdings Corp. had a return on equity of 9.53% and a net margin of 4.06%. Realogy Holdings Corp.’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.74 earnings per share.
A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded Realogy Holdings Corp. from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective for the company in a research report on Friday, July 14th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $38.00 price objective on shares of Realogy Holdings Corp. in a research report on Thursday, August 10th. Barclays PLC reiterated an “underweight” rating on shares of Realogy Holdings Corp. in a research report on Thursday, July 13th. BidaskClub upgraded Realogy Holdings Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Finally, TheStreet upgraded Realogy Holdings Corp. from a “c+” rating to a “b” rating in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $34.75.
Shares of Realogy Holdings Corp. (NYSE:RLGY) traded down 0.57% during trading on Thursday, reaching $33.07. The company had a trading volume of 237,179 shares. Realogy Holdings Corp. has a 12 month low of $21.43 and a 12 month high of $35.18. The stock has a market capitalization of $4.51 billion, a PE ratio of 19.27 and a beta of 1.39. The stock’s 50-day moving average price is $33.60 and its 200-day moving average price is $32.13.
In other news, SVP Timothy B. Gustavson sold 3,093 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $34.84, for a total value of $107,760.12. Following the completion of the sale, the senior vice president now owns 8,705 shares in the company, valued at $303,282.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Realogy Holdings Corp. by 10.1% in the second quarter. FMR LLC now owns 12,344,949 shares of the financial services provider’s stock valued at $400,594,000 after purchasing an additional 1,131,699 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Realogy Holdings Corp. by 2.5% in the first quarter. Vanguard Group Inc. now owns 11,017,764 shares of the financial services provider’s stock worth $328,219,000 after acquiring an additional 269,319 shares during the last quarter. BlackRock Inc. increased its stake in shares of Realogy Holdings Corp. by 2,352.2% in the first quarter. BlackRock Inc. now owns 6,789,662 shares of the financial services provider’s stock worth $202,264,000 after acquiring an additional 6,512,779 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Realogy Holdings Corp. by 3.3% in the second quarter. JPMorgan Chase & Co. now owns 3,586,764 shares of the financial services provider’s stock worth $116,390,000 after acquiring an additional 115,408 shares during the last quarter. Finally, Clearbridge Investments LLC increased its stake in shares of Realogy Holdings Corp. by 4.5% in the first quarter. Clearbridge Investments LLC now owns 3,575,556 shares of the financial services provider’s stock worth $106,516,000 after acquiring an additional 152,666 shares during the last quarter.
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About Realogy Holdings Corp.
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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