Realogy Holdings Corp (RLGY) Expected to Announce Earnings of -$0.64 Per Share

Equities analysts expect that Realogy Holdings Corp (NYSE:RLGY) will post earnings per share of ($0.64) for the current quarter, according to Zacks. Two analysts have made estimates for Realogy’s earnings. The highest EPS estimate is ($0.60) and the lowest is ($0.68). Realogy reported earnings per share of ($0.38) during the same quarter last year, which would indicate a negative year over year growth rate of 68.4%. The business is expected to announce its next quarterly earnings results on Thursday, May 2nd.

According to Zacks, analysts expect that Realogy will report full year earnings of $1.34 per share for the current financial year, with EPS estimates ranging from $1.24 to $1.42. For the next financial year, analysts expect that the firm will post earnings of $1.61 per share, with EPS estimates ranging from $1.40 to $1.72. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Realogy.

Realogy (NYSE:RLGY) last posted its earnings results on Tuesday, February 26th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ 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 return on equity of 7.77% and a net margin of 2.25%. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period last year, the company posted $0.26 EPS.

A number of research firms recently issued reports on RLGY. JPMorgan Chase & Co. dropped their target price on shares of Realogy from $14.00 to $12.00 and set an “underweight” rating for the company in a research report on Thursday. Barclays dropped their target price 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. Finally, Compass Point downgraded shares of Realogy from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $16.50 to $11.25 in a research report on Wednesday, February 27th. Five equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Realogy has a consensus rating of “Hold” and a consensus price target of $19.75.

Large investors have recently modified their holdings of the business. BOKF NA grew its holdings in Realogy by 2.8% during the 4th quarter. BOKF NA now owns 40,889 shares of the financial services provider’s stock valued at $600,000 after purchasing an additional 1,123 shares during the last quarter. Gator Capital Management LLC lifted its position in Realogy by 7.9% during the fourth quarter. Gator Capital Management LLC now owns 27,394 shares of the financial services provider’s stock valued at $402,000 after acquiring an additional 2,000 shares during the last quarter. Enlightenment Research LLC purchased a new stake in Realogy during the fourth quarter valued at approximately $31,000. United Services Automobile Association lifted its position in Realogy by 2.8% during the fourth quarter. United Services Automobile Association now owns 76,243 shares of the financial services provider’s stock valued at $1,119,000 after acquiring an additional 2,111 shares during the last quarter. Finally, Xact Kapitalforvaltning AB lifted its position in Realogy by 12.4% during the fourth quarter. Xact Kapitalforvaltning AB now owns 21,790 shares of the financial services provider’s stock valued at $320,000 after acquiring an additional 2,400 shares during the last quarter.

RLGY traded up $0.13 on Thursday, reaching $11.95. 1,916,417 shares of the company’s stock were exchanged, compared to its average volume of 2,435,754. The company has a market cap of $1.35 billion, a PE ratio of 7.97, a price-to-earnings-growth ratio of 0.44 and a beta of 1.33. Realogy has a twelve month low of $10.92 and a twelve month high of $28.07. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.47 and a current ratio of 0.47.

Realogy announced that its Board of Directors has initiated a stock buyback plan on Tuesday, February 26th that permits the company to repurchase $175.00 million in shares. This repurchase authorization permits the financial services provider to reacquire up to 8.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Friday, March 8th. Realogy’s dividend payout ratio (DPR) is presently 24.00%.

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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