Realogy Holdings Corp (NYSE:RLGY) – Stock analysts at Piper Jaffray Companies dropped their Q3 2019 earnings per share estimates for Realogy in a research report issued to clients and investors on Thursday, October 17th. Piper Jaffray Companies analyst J. Deleeuw now expects that the financial services provider will post earnings per share of $0.85 for the quarter, down from their prior forecast of $0.89. Piper Jaffray Companies also issued estimates for Realogy’s Q4 2019 earnings at $0.08 EPS, Q1 2020 earnings at ($0.53) EPS, Q2 2020 earnings at $0.86 EPS, Q3 2020 earnings at $0.76 EPS, Q4 2020 earnings at $0.11 EPS, Q1 2021 earnings at ($0.40) EPS, Q2 2021 earnings at $0.88 EPS and Q3 2021 earnings at $0.80 EPS.
RLGY has been the subject of several other reports. Zacks Investment Research upgraded shares of Realogy from a “hold” rating to a “strong-buy” rating and set a $7.50 price objective for the company in a research note on Wednesday, October 9th. Evercore ISI reiterated a “hold” rating and set a $8.00 price objective on shares of Realogy in a research note on Sunday, August 11th. ValuEngine upgraded shares of Realogy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Compass Point set a $7.00 price objective on shares of Realogy and gave the stock a “hold” rating in a research note on Friday, August 9th. Finally, Barclays decreased their price objective on shares of Realogy from $9.00 to $5.00 and set an “underweight” rating for the company in a research note on Thursday, July 11th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $10.81.
RLGY opened at $8.55 on Monday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.77. Realogy has a 52-week low of $4.33 and a 52-week high of $20.14. The company has a 50 day moving average of $6.39 and a two-hundred day moving average of $7.41. The company has a market cap of $930.57 million, a P/E ratio of 5.70 and a beta of 1.71.
Realogy (NYSE:RLGY) last released its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.01. Realogy had a net margin of 0.87% and a return on equity of 5.57%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the firm earned $1.00 earnings per share. Realogy’s revenue for the quarter was down 4.7% on a year-over-year basis.
Hedge funds have recently made changes to their positions in the company. World Asset Management Inc raised its position in Realogy by 32.0% during the third quarter. World Asset Management Inc now owns 15,214 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 3,687 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in Realogy by 20.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,395,515 shares of the financial services provider’s stock valued at $9,320,000 after purchasing an additional 239,451 shares during the last quarter. Nisa Investment Advisors LLC acquired a new position in Realogy during the third quarter valued at approximately $727,000. Wiley BROS. Aintree Capital LLC acquired a new position in Realogy during the third quarter valued at approximately $67,000. Finally, State of Alaska Department of Revenue grew its holdings in Realogy by 65.3% during the third quarter. State of Alaska Department of Revenue now owns 87,825 shares of the financial services provider’s stock valued at $586,000 after purchasing an additional 34,698 shares during the last quarter.
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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