Wall Street analysts predict that Realogy Holdings Corp (NYSE:RLGY) will post $1.39 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Realogy’s earnings. The lowest sales estimate is $1.37 billion and the highest is $1.41 billion. Realogy posted sales of $1.44 billion during the same quarter last year, which suggests a negative year over year growth rate of 3.5%. The company is scheduled to report its next quarterly earnings report before the market opens on Tuesday, February 26th.
According to Zacks, analysts expect that Realogy will report full-year sales of $6.12 billion for the current financial year, with estimates ranging from $6.10 billion to $6.14 billion. For the next financial year, analysts forecast that the business will report sales of $6.13 billion, with estimates ranging from $5.95 billion to $6.31 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Realogy.
Get Realogy alerts:A number of analysts have issued reports on the company. Susquehanna Bancshares assumed coverage on Realogy in a research note on Thursday, November 29th. They issued a “hold” rating and a $20.00 target price for the company. Zacks Investment Research cut Realogy from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 21st. Barclays set a $17.00 price target on Realogy and gave the stock a “sell” rating in a report on Monday, November 5th. Piper Jaffray Companies cut 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. Finally, Compass Point initiated coverage on Realogy in a report on Thursday, January 24th. They set a “neutral” rating and a $16.50 price target for the company. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $25.44.
Shares of RLGY opened at $17.81 on Wednesday. Realogy has a 52-week low of $14.25 and a 52-week high of $28.07. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 11.34, a P/E/G ratio of 0.54 and a beta of 1.45. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.58 and a quick ratio of 0.58.
In other news, Director Michael J. Williams bought 5,000 shares of the stock in a transaction that occurred on Friday, November 16th. The stock was bought at an average cost of $16.94 per share, for a total transaction of $84,700.00. Following the acquisition, the director now directly owns 49,455 shares of the company’s stock, valued at approximately $837,767.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.78% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Gator Capital Management LLC boosted its holdings in Realogy by 7.9% during the 4th 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 period. Enlightenment Research LLC purchased a new position in Realogy during the 4th quarter valued at about $31,000. Xact Kapitalforvaltning AB boosted its holdings in Realogy by 12.4% during the 4th 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 period. OLD National Bancorp IN boosted its stake in shares of Realogy by 9.0% in the 4th quarter. OLD National Bancorp IN now owns 29,052 shares of the financial services provider’s stock valued at $426,000 after buying an additional 2,400 shares during the period. Finally, Panagora Asset Management Inc. boosted its stake in shares of Realogy by 87.6% in the 3rd quarter. Panagora Asset Management Inc. now owns 6,638 shares of the financial services provider’s stock valued at $137,000 after buying an additional 3,100 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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