Anywhere Real Estate (NYSE:HOUS) Posts Earnings Results, Beats Estimates By $0.03 EPS

Anywhere Real Estate (NYSE:HOUS) posted its quarterly earnings results on Thursday. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03, Zacks reports. Anywhere Real Estate had a negative return on equity of 5.65% and a negative net margin of 0.87%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the prior year, the company earned $0.24 EPS. The business’s revenue was down .1% compared to the same quarter last year.

Anywhere Real Estate Stock Up 1.4 %

HOUS stock traded up $0.06 during trading on Friday, reaching $4.33. 1,204,200 shares of the company traded hands, compared to its average volume of 1,436,486. Anywhere Real Estate has a 12 month low of $3.01 and a 12 month high of $8.48. The business has a 50 day simple moving average of $3.83 and a 200 day simple moving average of $5.21. The company has a market capitalization of $481.11 million, a price-to-earnings ratio of -7.73 and a beta of 2.30. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.30 and a current ratio of 0.38.

Wall Street Analysts Forecast Growth

Separately, Barclays dropped their price target on Anywhere Real Estate from $4.50 to $3.50 and set an “underweight” rating on the stock in a research report on Friday, July 12th.

About Anywhere Real Estate

Anywhere Real Estate Inc, through its subsidiaries, provides residential real estate services in the United States and internationally. The company operates through three segments: Anywhere Brands, Anywhere Advisors, and Anywhere Integrated Services. The Anywhere Brands segment franchises the Better Homes and Gardens Real Estate, Century 21, Coldwell Banker, Coldwell Banker Commercial, Corcoran, ERA, and Sotheby's International Realty brand names.