$1.47 Billion in Sales Expected for Realogy Holdings Corp (RLGY) This Quarter

Analysts predict that Realogy Holdings Corp (NYSE:RLGY) will post sales of $1.47 billion for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Realogy’s earnings. The highest sales estimate is $1.55 billion and the lowest is $1.44 billion. Realogy reported sales of $1.37 billion in the same quarter last year, which would suggest a positive year over year growth rate of 7.3%. The firm is expected to issue 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 year, analysts expect that the firm will report sales of $6.35 billion per share, with estimates ranging from $6.32 billion to $6.38 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Realogy.

Realogy (NYSE:RLGY) last released its quarterly earnings results on Friday, November 3rd. The financial services provider reported $0.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.10). Realogy had a return on equity of 9.08% and a net margin of 3.86%. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the business posted $0.74 earnings per share. The firm’s revenue was up 1.8% on a year-over-year basis.

Several research firms have weighed in on RLGY. TheStreet downgraded shares of Realogy from a “b-” rating to a “c+” rating in a research report on Monday, January 8th. Piper Jaffray Companies restated a “buy” rating and set a $36.00 price objective on shares of Realogy in a research report on Friday, December 22nd. JPMorgan Chase & Co. downgraded shares of Realogy from a “neutral” rating to an “underweight” rating and set a $28.00 price objective on the stock. in a research report on Friday, December 15th. Zacks Investment Research downgraded shares of Realogy from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Finally, BidaskClub downgraded shares of Realogy from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $34.78.

Realogy (NYSE:RLGY) opened at $26.86 on Wednesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.94 and a quick ratio of 0.94. Realogy has a 52-week low of $25.14 and a 52-week high of $35.18. The firm has a market cap of $3,620.00, a P/E ratio of 16.08, a price-to-earnings-growth ratio of 0.75 and a beta of 1.33.

In other news, Director Duncan L. Niederauer acquired 5,000 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were purchased at an average cost of $26.47 per share, for a total transaction of $132,350.00. Following the transaction, the director now directly owns 25,141 shares of the company’s stock, valued at $665,482.27. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.80% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Federated Investors Inc. PA purchased a new position in Realogy during the second quarter valued at $101,000. Mckinley Capital Management LLC Delaware purchased a new position in Realogy during the second quarter valued at $119,000. PNC Financial Services Group Inc. grew its stake in Realogy by 0.4% during the second quarter. PNC Financial Services Group Inc. now owns 4,153 shares of the financial services provider’s stock valued at $135,000 after acquiring an additional 17 shares in the last quarter. Tocqueville Asset Management L.P. purchased a new position in Realogy during the third quarter valued at $201,000. Finally, Petrus Trust Company LTA purchased a new position in Realogy during the second quarter valued at $202,000.

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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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