Realogy Holdings Corp (RLGY) Expected to Announce Quarterly Sales of $1.47 Billion
Brokerages predict that Realogy Holdings Corp (NYSE:RLGY) will post sales of $1.47 billion for the current quarter, according to Zacks. Four analysts have made estimates for Realogy’s earnings, with estimates ranging from $1.44 billion to $1.55 billion. Realogy posted sales of $1.37 billion during the same quarter last year, which would indicate a positive year over year growth rate of 7.3%. The company is expected to report its next earnings report on Friday, February 23rd.
On average, analysts expect that Realogy will report full year sales of $1.47 billion for the current financial year, with estimates ranging from $6.11 billion to $6.22 billion. For the next financial year, analysts expect that the business will report sales of $6.35 billion per share, with estimates ranging from $6.32 billion to $6.38 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that cover Realogy.
Realogy (NYSE:RLGY) last issued its earnings results on Friday, November 3rd. The financial services provider reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.10). The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Realogy had a return on equity of 9.08% and a net margin of 3.86%. Realogy’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.74 EPS.
In related news, Director Duncan L. Niederauer purchased 5,000 shares of Realogy stock in a transaction that occurred on Monday, November 27th. The shares were bought at an average price of $26.47 per share, for a total transaction of $132,350.00. Following the completion of the transaction, the director now directly owns 25,141 shares of the company’s stock, valued at $665,482.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC increased its position in shares of Realogy by 10.1% during the second quarter. FMR LLC now owns 12,344,949 shares of the financial services provider’s stock valued at $400,594,000 after buying an additional 1,131,699 shares during the period. JPMorgan Chase & Co. boosted its stake in Realogy by 3.3% during 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 in the last quarter. Dimensional Fund Advisors LP boosted its stake in Realogy by 9.2% during the third quarter. Dimensional Fund Advisors LP now owns 2,202,554 shares of the financial services provider’s stock worth $72,578,000 after acquiring an additional 185,517 shares in the last quarter. APG Asset Management N.V. boosted its stake in Realogy by 55.7% during the third quarter. APG Asset Management N.V. now owns 1,785,900 shares of the financial services provider’s stock worth $58,845,000 after acquiring an additional 639,000 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in Realogy by 25.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,609,680 shares of the financial services provider’s stock worth $53,039,000 after acquiring an additional 323,316 shares in the last quarter.
Realogy (NYSE RLGY) opened at $26.42 on Thursday. The company has a market cap of $3,710.03, a price-to-earnings ratio of 17.33, a P/E/G ratio of 0.89 and a beta of 1.32. Realogy has a 52-week low of $25.14 and a 52-week high of $35.18. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.94 and a quick ratio of 0.94.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 16th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Wednesday, November 15th. Realogy’s dividend payout ratio is currently 21.56%.
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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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