Realogy Holdings Corp. (RLGY) Expected to Post Earnings of $0.79 Per Share

Equities analysts forecast that Realogy Holdings Corp. (NYSE:RLGY) will announce earnings per share of $0.79 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Realogy Holdings Corp.’s earnings. The highest EPS estimate is $0.83 and the lowest is $0.72. Realogy Holdings Corp. posted earnings of $0.74 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.8%. The business is expected to announce its next quarterly earnings report on Friday, November 3rd.

On average, analysts expect that Realogy Holdings Corp. will report full year earnings of $1.69 per share for the current fiscal year, with EPS estimates ranging from $1.59 to $1.83. For the next fiscal year, analysts forecast that the firm will post earnings of $2.00 per share, with EPS estimates ranging from $1.76 to $2.19. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Realogy Holdings Corp..

Realogy Holdings Corp. (NYSE:RLGY) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.03. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.73 billion. Realogy Holdings Corp. had a net margin of 4.06% and a return on equity of 9.53%. Realogy Holdings Corp.’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the company posted $0.74 EPS.

RLGY has been the topic of a number of recent analyst reports. Wedbush lifted their price objective on Realogy Holdings Corp. from $32.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 12th. Zacks Investment Research lowered Realogy Holdings Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. BidaskClub lowered Realogy Holdings Corp. from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Deutsche Bank AG set a $42.00 price objective on Realogy Holdings Corp. and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $40.00 price target on shares of Realogy Holdings Corp. in a research note on Friday, August 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Realogy Holdings Corp. currently has an average rating of “Buy” and an average price target of $35.56.

In other Realogy Holdings Corp. news, SVP Timothy B. Gustavson sold 3,093 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $34.84, for a total value of $107,760.12. Following the transaction, the senior vice president now directly owns 8,705 shares of the company’s stock, valued at $303,282.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.80% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its position in shares of Realogy Holdings Corp. by 0.4% in the second quarter. PNC Financial Services Group Inc. now owns 4,153 shares of the financial services provider’s stock worth $135,000 after buying an additional 17 shares during the last quarter. Gotham Asset Management LLC raised its position in shares of Realogy Holdings Corp. by 0.7% in the second quarter. Gotham Asset Management LLC now owns 12,170 shares of the financial services provider’s stock worth $395,000 after buying an additional 90 shares during the last quarter. New York State Teachers Retirement System raised its position in shares of Realogy Holdings Corp. by 0.8% in the first quarter. New York State Teachers Retirement System now owns 12,900 shares of the financial services provider’s stock worth $384,000 after buying an additional 100 shares during the last quarter. M&T Bank Corp raised its position in shares of Realogy Holdings Corp. by 0.5% in the second quarter. M&T Bank Corp now owns 24,955 shares of the financial services provider’s stock worth $810,000 after buying an additional 134 shares during the last quarter. Finally, Comerica Bank raised its position in shares of Realogy Holdings Corp. by 3.3% in the second quarter. Comerica Bank now owns 7,944 shares of the financial services provider’s stock worth $267,000 after buying an additional 257 shares during the last quarter.

Shares of Realogy Holdings Corp. (NYSE:RLGY) traded down 0.41% during mid-day trading on Tuesday, hitting $34.20. 88,658 shares of the company were exchanged. Realogy Holdings Corp. has a 12-month low of $21.43 and a 12-month high of $35.18. The firm has a 50 day moving average of $33.64 and a 200 day moving average of $30.41. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 19.93 and a beta of 1.40.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 16th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Monday, August 14th. Realogy Holdings Corp.’s dividend payout ratio (DPR) is presently 21.05%.

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Realogy Holdings Corp. Company Profile

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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