Brokerages expect Realogy Holdings Corp. (NYSE:RLGY) to post sales of $1.47 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Realogy’s earnings. The lowest sales estimate is $1.43 billion and the highest is $1.55 billion. Realogy reported sales of $1.37 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.3%. The firm is expected to report its next quarterly earnings results on Friday, February 23rd.
According to Zacks, analysts expect that Realogy will report full year sales of $1.47 billion for the current fiscal year, with estimates ranging from $6.11 billion to $6.22 billion. For the next year, analysts forecast that the business will report sales of $6.39 billion per share, with estimates ranging from $6.32 billion to $6.49 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Realogy.
Realogy (NYSE:RLGY) last posted its quarterly earnings data on Friday, November 3rd. The financial services provider reported $0.70 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.10). Realogy had a net margin of 3.86% and a return on equity of 9.08%. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the previous year, the company posted $0.74 EPS. Realogy’s revenue for the quarter was up 1.8% on a year-over-year basis.
RLGY has been the topic of several recent research reports. Zacks Investment Research downgraded Realogy from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. BidaskClub downgraded Realogy from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Citigroup Inc. dropped their target price on Realogy from $40.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday, November 6th. Piper Jaffray Companies restated a “buy” rating and set a $33.00 target price on shares of Realogy in a research report on Friday, November 3rd. Finally, Keefe, Bruyette & Woods downgraded Realogy from an “outperform” rating to a “market perform” rating and set a $38.00 target price on the stock. in a research report on Tuesday, October 10th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $35.25.
Realogy (NYSE RLGY) traded down $0.01 during trading on Monday, reaching $26.43. The company had a trading volume of 1,258,616 shares, compared to its average volume of 1,256,643. Realogy has a fifty-two week low of $23.82 and a fifty-two week high of $35.18. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $3,560.00, a P/E ratio of 16.63, a price-to-earnings-growth ratio of 0.85 and a beta of 1.38.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be given a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.36%. Realogy’s dividend payout ratio (DPR) is presently 21.56%.
Hedge funds have recently modified their holdings of the stock. Federated Investors Inc. PA purchased a new stake in shares of Realogy in the second quarter worth $101,000. Mckinley Capital Management LLC Delaware bought a new position in Realogy in the second quarter valued at $119,000. PNC Financial Services Group Inc. increased its stake in Realogy by 0.4% in 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 during the last quarter. Tocqueville Asset Management L.P. bought a new position in Realogy in the third quarter valued at $201,000. Finally, Petrus Trust Company LTA bought a new position in Realogy in the second quarter valued at $202,000.
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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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