Wall Street brokerages expect Realogy Holdings Corp (NYSE:RLGY) to announce $1.74 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Realogy’s earnings, with estimates ranging from $1.72 billion to $1.77 billion. Realogy posted sales of $1.82 billion during the same quarter last year, which suggests a negative year over year growth rate of 4.4%. The business is expected to announce its next quarterly earnings results on Friday, August 2nd.

On average, analysts expect that Realogy will report full year sales of $5.96 billion for the current fiscal year, with estimates ranging from $5.89 billion to $6.03 billion. For the next year, analysts anticipate that the business will report sales of $6.15 billion, with estimates ranging from $6.09 billion to $6.22 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Realogy.

Realogy (NYSE:RLGY) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported ($0.67) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.67). The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.16 billion. Realogy had a return on equity of 6.82% and a net margin of 1.76%. Realogy’s quarterly revenue was down 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.38) EPS.

RLGY has been the topic of a number of recent research reports. Compass Point downgraded Realogy from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $16.50 to $11.25 in a research report on Wednesday, February 27th. Barclays decreased their price target on Realogy from $17.00 to $13.00 and set an “underweight” rating for the company in a research note on Wednesday, February 27th. JPMorgan Chase & Co. decreased their price target on Realogy to $14.00 and set an “underweight” rating for the company in a research note on Tuesday, March 5th. Finally, Stephens cut Realogy from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $16.00 to $8.00 in a research note on Monday. Four equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock has an average rating of “Sell” and an average price target of $12.67.

Realogy stock traded down $0.44 during mid-day trading on Friday, hitting $6.55. The company’s stock had a trading volume of 3,647,500 shares, compared to its average volume of 2,966,722. Realogy has a one year low of $6.52 and a one year high of $25.08. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.83. The company has a market capitalization of $833.76 million, a PE ratio of 4.37 and a beta of 1.77.

Realogy declared that its Board of Directors has initiated a stock repurchase program on Tuesday, February 26th that permits the company to repurchase $175.00 million in shares. This repurchase authorization permits the financial services provider to repurchase up to 8.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 29th. Stockholders of record on Wednesday, May 15th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 5.50%. The ex-dividend date was Tuesday, May 14th. Realogy’s payout ratio is 24.00%.

In related news, CEO Ryan M. Schneider purchased 119,300 shares of Realogy stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average cost of $8.38 per share, for a total transaction of $999,734.00. Following the completion of the transaction, the chief executive officer now owns 352,761 shares in the company, valued at $2,956,137.18. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.20% of the company’s stock.

Large investors have recently modified their holdings of the company. Vanguard Group Inc raised its position in Realogy by 7.1% in the third quarter. Vanguard Group Inc now owns 18,269,980 shares of the financial services provider’s stock valued at $377,092,000 after purchasing an additional 1,213,178 shares during the period. EdgePoint Investment Group Inc. grew its stake in Realogy by 10.1% during the 1st quarter. EdgePoint Investment Group Inc. now owns 17,737,567 shares of the financial services provider’s stock worth $202,208,000 after purchasing an additional 1,628,386 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Realogy by 4.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,355,998 shares of the financial services provider’s stock worth $107,991,000 after acquiring an additional 318,125 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of Realogy by 12.4% during the 1st quarter. Clearbridge Investments LLC now owns 3,384,775 shares of the financial services provider’s stock worth $38,586,000 after acquiring an additional 372,132 shares in the last quarter. Finally, Bridgewater Associates LP acquired a new stake in shares of Realogy in the 1st quarter valued at about $20,440,000.

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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