$0.12 EPS Expected for Realogy Holdings Corp (RLGY) This Quarter

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Equities analysts forecast that Realogy Holdings Corp (NYSE:RLGY) will post earnings per share of $0.12 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Realogy’s earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at $0.11. Realogy posted earnings of $0.26 per share in the same quarter last year, which indicates a negative year over year growth rate of 53.8%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, February 26th.

According to Zacks, analysts expect that Realogy will report full-year earnings of $1.56 per share for the current fiscal year, with EPS estimates ranging from $1.55 to $1.57. For the next year, analysts forecast that the business will report earnings of $1.65 per share, with EPS estimates ranging from $1.62 to $1.72. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Realogy.

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

A number of brokerages have recently commented on RLGY. Piper Jaffray Companies downgraded shares of Realogy from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $32.00 to $19.00 in a report on Monday, November 5th. Zacks Investment Research upgraded shares of Realogy from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. Barclays set a $17.00 price target on shares of Realogy and gave the stock a “sell” rating in a report on Monday, November 5th. Finally, Susquehanna Bancshares began coverage on shares of Realogy in a report on Thursday, November 29th. They set a “hold” rating and a $20.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $26.88.

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

Institutional investors have recently added to or reduced their stakes in the stock. Panagora Asset Management Inc. grew its holdings in Realogy by 87.6% in the third quarter. Panagora Asset Management Inc. now owns 6,638 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 3,100 shares during the period. Point72 Hong Kong Ltd grew its holdings in Realogy by 649.3% in the second quarter. Point72 Hong Kong Ltd now owns 6,849 shares of the financial services provider’s stock valued at $156,000 after purchasing an additional 5,935 shares during the period. NumerixS Investment Technologies Inc purchased a new stake in Realogy during the second quarter worth approximately $158,000. Crossmark Global Holdings Inc. purchased a new stake in Realogy during the third quarter worth approximately $209,000. Finally, Great Lakes Advisors LLC purchased a new stake in Realogy during the third quarter worth approximately $214,000.

Shares of NYSE RLGY opened at $18.70 on Monday. The stock has a market cap of $2.25 billion, a PE ratio of 11.91, a PEG ratio of 0.61 and a beta of 1.13. Realogy has a 12 month low of $16.85 and a 12 month high of $28.07. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.26.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 29th. Investors of record on Thursday, November 15th were issued a $0.09 dividend. 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 payout ratio is 22.93%.

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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