Realogy Holdings Corp. (RLGY) Releases Quarterly Earnings Results, Misses Estimates By $0.10 EPS
Realogy Holdings Corp. (NYSE:RLGY) announced its quarterly earnings results on Friday. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.10), Bloomberg Earnings reports. Realogy Holdings Corp. had a net margin of 4.06% and a return on equity of 9.53%. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the prior year, the firm earned $0.74 EPS. Realogy Holdings Corp.’s quarterly revenue was up 1.8% compared to the same quarter last year.
Realogy Holdings Corp. (RLGY) traded down $5.15 during trading hours on Friday, reaching $27.38. 5,452,591 shares of the company traded hands, compared to its average volume of 1,556,945. The firm has a market capitalization of $4,143.02, a P/E ratio of 18.64 and a beta of 1.38.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.18%. Realogy Holdings Corp.’s payout ratio is currently 21.05%.
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In other Realogy Holdings Corp. news, SVP Timothy B. Gustavson sold 3,093 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $34.84, for a total transaction of $107,760.12. Following the completion of the sale, the senior vice president now directly owns 8,705 shares in the company, valued at $303,282.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.80% of the company’s stock.
Several brokerages recently issued reports on RLGY. Zacks Investment Research cut shares of Realogy Holdings Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub cut shares of Realogy Holdings Corp. from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Keefe, Bruyette & Woods cut shares of Realogy Holdings Corp. from an “outperform” rating to a “market perform” rating and set a $38.00 price target on the stock. in a research report on Tuesday, October 10th. TheStreet upgraded shares of Realogy Holdings Corp. from a “c+” rating to a “b” rating in a research report on Wednesday, August 9th. Finally, Deutsche Bank AG set a $42.00 price target on shares of Realogy Holdings Corp. and gave the company a “buy” rating in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $34.75.
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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