Realogy (NYSE:RLGY) Issues Quarterly Earnings Results, Beats Estimates By $0.30 EPS
Realogy (NYSE:RLGY) released its quarterly earnings results on Thursday. The financial services provider reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.30, RTT News reports. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. Realogy had a positive return on equity of 4.46% and a negative net margin of 11.19%. During the same quarter last year, the business posted $0.83 earnings per share.
Shares of Realogy stock traded up $0.26 on Friday, hitting $9.06. 4,353,322 shares of the company traded hands, compared to its average volume of 1,822,470. The stock’s 50 day moving average price is $7.56 and its 200-day moving average price is $7.03. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 2.24. Realogy has a 52 week low of $2.09 and a 52 week high of $13.88. The company has a market cap of $1.05 billion, a PE ratio of 11.58 and a beta of 2.78.
Several research analysts recently commented on RLGY shares. Compass Point upgraded Realogy from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Wednesday, April 29th. Susquehanna Bancshares dropped their target price on Realogy from $8.00 to $3.00 and set a “neutral” rating for the company in a research report on Monday, April 6th. Keefe, Bruyette & Woods dropped their target price on Realogy from $10.00 to $5.00 and set a “market perform” rating for the company in a research report on Wednesday, May 13th. Zacks Investment Research upgraded Realogy from a “sell” rating to a “hold” rating in a research report on Wednesday, July 1st. Finally, ValuEngine lowered Realogy from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 23rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $9.00.
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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