$1.41 Billion in Sales Expected for Realogy Holdings Corp (RLGY) This Quarter

Wall Street analysts expect Realogy Holdings Corp (NYSE:RLGY) to post $1.41 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Realogy’s earnings, with the lowest sales estimate coming in at $1.40 billion and the highest estimate coming in at $1.41 billion. Realogy reported sales of $1.44 billion in the same quarter last year, which would indicate a negative year over year growth rate of 2.1%. The firm is expected to report its next earnings results on Tuesday, February 26th.

According to Zacks, analysts expect that Realogy will report full year sales of $6.13 billion for the current year, with estimates ranging from $6.12 billion to $6.14 billion. For the next fiscal year, analysts forecast that the firm will post sales of $6.18 billion, with estimates ranging from $6.05 billion to $6.31 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Realogy.

Realogy (NYSE:RLGY) last announced its quarterly earnings data on Friday, November 2nd. The financial services provider reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.07). The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Realogy had a net margin of 6.71% and a return on equity of 8.74%. Realogy’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the firm earned $0.71 earnings per share.

A number of research analysts recently issued reports on RLGY shares. Piper Jaffray Companies downgraded shares of Realogy from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $32.00 to $19.00 in a research report on Monday, November 5th. Zacks Investment Research downgraded shares of Realogy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 21st. Susquehanna Bancshares started coverage on shares of Realogy in a research report on Thursday, November 29th. They set a “hold” rating and a $20.00 target price for the company. Finally, Barclays set a $17.00 target price on shares of Realogy and gave the company a “sell” rating in a research report on Monday, November 5th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $26.88.

NYSE RLGY opened at $18.70 on Wednesday. The firm has a market cap of $2.25 billion, a P/E ratio of 11.91, a price-to-earnings-growth ratio of 0.61 and a beta of 1.13. Realogy has a 1 year low of $16.85 and a 1 year high of $28.07. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.58 and a quick ratio of 0.58.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 29th. Investors of record on Thursday, November 15th were given a dividend of $0.09 per share. The ex-dividend date was Wednesday, November 14th. This represents a $0.36 dividend on an annualized basis and a yield of 1.93%. Realogy’s dividend payout ratio is presently 22.93%.

In other news, Director Duncan L. Niederauer acquired 10,000 shares of the firm’s stock in a transaction on Monday, November 12th. The stock was acquired at an average price of $17.85 per share, for a total transaction of $178,500.00. Following the completion of the transaction, the director now owns 40,868 shares in the company, valued at approximately $729,493.80. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael J. Williams acquired 5,000 shares of the firm’s stock in a transaction on Friday, November 16th. The stock was purchased at an average price of $16.94 per share, with a total value of $84,700.00. Following the transaction, the director now owns 49,455 shares of the company’s stock, valued at approximately $837,767.70. The disclosure for this purchase can be found here. Insiders own 0.78% of the company’s stock.

Several institutional investors have recently modified their holdings of the business. California Public Employees Retirement System increased its stake in shares of Realogy by 8.8% during the second quarter. California Public Employees Retirement System now owns 423,999 shares of the financial services provider’s stock worth $9,667,000 after purchasing an additional 34,377 shares in the last quarter. Retirement Systems of Alabama purchased a new stake in shares of Realogy during the third quarter worth about $3,308,000. State Treasurer State of Michigan purchased a new stake in shares of Realogy during the third quarter worth about $947,000. Oppenheimer & Co. Inc. increased its stake in shares of Realogy by 118.7% during the second quarter. Oppenheimer & Co. Inc. now owns 22,986 shares of the financial services provider’s stock worth $524,000 after purchasing an additional 12,475 shares in the last quarter. Finally, Vident Investment Advisory LLC increased its stake in shares of Realogy by 3.7% during the second quarter. Vident Investment Advisory LLC now owns 102,844 shares of the financial services provider’s stock worth $2,345,000 after purchasing an additional 3,689 shares in the last quarter.

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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