Wall Street brokerages expect Realogy Holdings Corp. (NYSE:RLGY) to report earnings per share of $0.80 for the current quarter, Zacks reports. Four analysts have provided estimates for Realogy Holdings Corp.’s earnings, with the lowest EPS estimate coming in at $0.72 and the highest estimate coming in at $0.83. Realogy Holdings Corp. reported earnings per share of $0.74 in the same quarter last year, which suggests a positive year-over-year growth rate of 8.1%. The firm is expected to issue its next quarterly earnings report on Friday, November 3rd.
According to Zacks, analysts expect that Realogy Holdings Corp. will report full-year earnings of $1.72 per share for the current fiscal year, with EPS estimates ranging from $1.59 to $1.83. For the next year, analysts forecast that the business will post earnings of $2.05 per share, with EPS estimates ranging from $1.95 to $2.19. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Realogy Holdings Corp..
Realogy Holdings Corp. (NYSE:RLGY) last posted its earnings results on Thursday, August 3rd. The financial services provider reported $0.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.03. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.73 billion. Realogy Holdings Corp. had a net margin of 4.06% and a return on equity of 9.53%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 earnings per share.
Several research firms have recently weighed in on RLGY. Zacks Investment Research lowered shares of Realogy Holdings Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. BidaskClub lowered shares of Realogy Holdings Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday. TheStreet lowered shares of Realogy Holdings Corp. from a “b-” rating to a “c+” rating in a research note on Wednesday, June 7th. Piper Jaffray Companies restated a “buy” rating and set a $40.00 price objective on shares of Realogy Holdings Corp. in a research note on Friday, August 4th. Finally, Deutsche Bank AG set a $42.00 price objective on shares of Realogy Holdings Corp. and gave the stock a “buy” rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Realogy Holdings Corp. presently has an average rating of “Hold” and an average target price of $34.63.
Realogy Holdings Corp. (NYSE RLGY) traded up 1.03% during trading on Friday, reaching $33.48. 996,434 shares of the company’s stock traded hands. Realogy Holdings Corp. has a 12 month low of $21.43 and a 12 month high of $35.18. The firm has a market cap of $4.56 billion, a PE ratio of 19.51 and a beta of 1.39. The firm has a 50 day moving average price of $33.98 and a 200-day moving average price of $31.04.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 16th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Monday, August 14th. Realogy Holdings Corp.’s dividend payout ratio is currently 21.05%.
In other Realogy Holdings Corp. news, SVP Timothy B. Gustavson sold 3,093 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were 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 of the company’s stock, valued at approximately $303,282.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.
Several institutional investors have recently modified their holdings of RLGY. BlackRock Inc. lifted its holdings in shares of Realogy Holdings Corp. by 2,352.2% during the 1st 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 period. Wellington Management Group LLP bought a new stake in shares of Realogy Holdings Corp. during the 1st quarter worth approximately $44,039,000. FMR LLC lifted its holdings in shares of Realogy Holdings Corp. by 10.1% during the 2nd quarter. FMR LLC now owns 12,344,949 shares of the financial services provider’s stock worth $400,594,000 after acquiring an additional 1,131,699 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Realogy Holdings Corp. by 83.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,286,364 shares of the financial services provider’s stock worth $41,743,000 after acquiring an additional 586,928 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of Realogy Holdings Corp. by 95.0% during the 2nd quarter. American Century Companies Inc. now owns 1,098,732 shares of the financial services provider’s stock worth $35,654,000 after acquiring an additional 535,241 shares during the period.
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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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