$1.16 Billion in Sales Expected for Realogy Holdings Corp (RLGY) This Quarter

Equities research analysts predict that Realogy Holdings Corp (NYSE:RLGY) will report sales of $1.16 billion for the current quarter, Zacks reports. Two analysts have provided estimates for Realogy’s earnings, with the highest sales estimate coming in at $1.17 billion and the lowest estimate coming in at $1.16 billion. Realogy reported sales of $1.23 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 5.7%. The firm is expected to announce its next quarterly earnings report on Thursday, May 2nd.

On average, analysts expect that Realogy will report full year sales of $6.01 billion for the current fiscal year, with estimates ranging from $5.95 billion to $6.06 billion. For the next year, analysts expect that the company will report sales of $6.20 billion, with estimates ranging from $6.15 billion to $6.25 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Realogy.

Realogy (NYSE:RLGY) last released its earnings results on Tuesday, February 26th. The financial services provider reported $0.04 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.08). The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.41 billion. Realogy had a net margin of 2.25% and a return on equity of 7.77%. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.26 earnings per share.

RLGY has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Realogy to $14.00 and set an “underweight” rating for the company in a research report on Tuesday, March 5th. Compass Point downgraded shares of Realogy from a “neutral” rating to a “sell” rating and reduced their price target for the company from $16.50 to $11.25 in a research report on Wednesday, February 27th. Finally, Barclays reduced their price target on shares of Realogy from $17.00 to $13.00 and set an “underweight” rating for the company in a research report on Wednesday, February 27th. Five analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Realogy presently has an average rating of “Hold” and an average target price of $20.04.

Shares of NYSE:RLGY opened at $11.74 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.47 and a quick ratio of 0.47. The company has a market capitalization of $1.30 billion, a P/E ratio of 7.83, a PEG ratio of 0.43 and a beta of 1.33. Realogy has a 52 week low of $10.92 and a 52 week high of $28.07.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were paid a $0.09 dividend. The ex-dividend date was Friday, March 8th. This represents a $0.36 annualized dividend and a yield of 3.07%. Realogy’s dividend payout ratio is presently 24.00%.

Realogy declared that its board has authorized a stock buyback plan on Tuesday, February 26th that authorizes the company to repurchase $175.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 8.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

A number of institutional investors have recently added to or reduced their stakes in RLGY. BlackRock Inc. increased its stake in shares of Realogy by 89.1% during the 3rd quarter. BlackRock Inc. now owns 11,293,484 shares of the financial services provider’s stock worth $233,097,000 after purchasing an additional 5,320,228 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of Realogy by 77.9% during the 3rd quarter. Clearbridge Investments LLC now owns 6,142,068 shares of the financial services provider’s stock worth $126,772,000 after purchasing an additional 2,689,633 shares during the last quarter. Norges Bank acquired a new position in shares of Realogy during the 4th quarter worth $19,372,000. Vanguard Group Inc boosted its holdings in shares of Realogy by 7.1% during the 3rd quarter. Vanguard Group Inc now owns 18,269,980 shares of the financial services provider’s stock worth $377,092,000 after buying an additional 1,213,178 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Realogy by 7.1% during the 3rd quarter. Vanguard Group Inc. now owns 18,269,980 shares of the financial services provider’s stock worth $377,092,000 after buying an additional 1,213,178 shares during the period.

About Realogy

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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Earnings History and Estimates for Realogy (NYSE:RLGY)

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