Realogy Holdings Corp (RLGY) Expected to Announce Earnings of $0.24 Per Share
Wall Street analysts expect Realogy Holdings Corp (NYSE:RLGY) to report earnings per share of $0.24 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Realogy’s earnings. The lowest EPS estimate is $0.21 and the highest is $0.27. Realogy reported earnings per share of $0.28 in the same quarter last year, which would suggest a negative year over year growth rate of 14.3%. The firm is expected to report its next earnings report before the market opens on Tuesday, February 27th.
According to Zacks, analysts expect that Realogy will report full year earnings of $1.55 per share for the current financial year, with EPS estimates ranging from $1.52 to $1.58. For the next financial year, analysts anticipate that the company will report earnings of $1.82 per share, with EPS estimates ranging from $1.64 to $2.18. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Realogy.
A number of brokerages recently issued reports on RLGY. JPMorgan Chase & Co. cut shares of Realogy from a “neutral” rating to an “underweight” rating and set a $28.00 price target on the stock. in a research note on Friday, December 15th. Zacks Investment Research cut shares of Realogy from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Piper Jaffray Companies restated a “buy” rating and set a $36.00 target price on shares of Realogy in a research note on Friday, December 22nd. Citigroup lowered their target price on shares of Realogy from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Monday, November 6th. Finally, TheStreet cut shares of Realogy from a “b-” rating to a “c+” rating in a research note on Monday, January 8th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Realogy presently has a consensus rating of “Hold” and an average price target of $34.78.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Okumus Fund Management Ltd. bought a new position in Realogy during the 4th quarter valued at about $152,199,000. Lakewood Capital Management LP increased its position in shares of Realogy by 32.8% during the 4th quarter. Lakewood Capital Management LP now owns 3,971,807 shares of the financial services provider’s stock valued at $105,253,000 after purchasing an additional 980,000 shares during the last quarter. Tremblant Capital Group increased its position in shares of Realogy by 36.4% during the 4th quarter. Tremblant Capital Group now owns 3,943,899 shares of the financial services provider’s stock valued at $104,513,000 after purchasing an additional 1,051,632 shares during the last quarter. Clearbridge Investments LLC increased its position in shares of Realogy by 1.6% during the 4th quarter. Clearbridge Investments LLC now owns 3,562,433 shares of the financial services provider’s stock valued at $94,404,000 after purchasing an additional 54,796 shares during the last quarter. Finally, APG Asset Management N.V. increased its position in shares of Realogy by 44.1% during the 4th quarter. APG Asset Management N.V. now owns 2,574,100 shares of the financial services provider’s stock valued at $56,807,000 after purchasing an additional 788,200 shares during the last quarter.
Shares of Realogy (NYSE:RLGY) traded up $0.71 during trading on Friday, reaching $26.11. 1,091,228 shares of the company were exchanged, compared to its average volume of 1,757,444. The company has a market cap of $3,514.85, a PE ratio of 15.63, a price-to-earnings-growth ratio of 0.72 and a beta of 1.30. Realogy has a 52 week low of $23.97 and a 52 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.
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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