Realogy (RLGY) Releases Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Realogy (NYSE:RLGY) issued its quarterly earnings results on Friday. The financial services provider reported $0.84 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.07), Morningstar.com reports. Realogy had a return on equity of 8.32% and a net margin of 6.58%. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the business posted $0.71 EPS. The business’s revenue for the quarter was up .1% on a year-over-year basis.

NYSE RLGY traded down $2.31 during trading hours on Friday, reaching $17.76. The company’s stock had a trading volume of 9,515,666 shares, compared to its average volume of 2,577,627. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.26. Realogy has a 52 week low of $17.50 and a 52 week high of $28.11. The stock has a market capitalization of $2.37 billion, a P/E ratio of 11.31, a P/E/G ratio of 0.53 and a beta of 1.19.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 29th. Shareholders of record on Thursday, November 15th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.03%. Realogy’s dividend payout ratio is currently 22.93%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. CenturyLink Investment Management Co lifted its holdings in Realogy by 4.1% in the second quarter. CenturyLink Investment Management Co now owns 57,713 shares of the financial services provider’s stock worth $1,316,000 after acquiring an additional 2,248 shares during the last quarter. United Services Automobile Association lifted its holdings in Realogy by 4.8% in the second quarter. United Services Automobile Association now owns 73,458 shares of the financial services provider’s stock worth $1,675,000 after acquiring an additional 3,363 shares during the last quarter. Vident Investment Advisory LLC lifted its holdings in Realogy by 3.7% in the second quarter. Vident Investment Advisory LLC now owns 102,844 shares of the financial services provider’s stock worth $2,345,000 after acquiring an additional 3,689 shares during the last quarter. Gator Capital Management LLC lifted its holdings in Realogy by 18.1% in the third quarter. Gator Capital Management LLC now owns 25,394 shares of the financial services provider’s stock worth $524,000 after acquiring an additional 3,900 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in Realogy by 40.0% in the second quarter. State of Alaska Department of Revenue now owns 14,590 shares of the financial services provider’s stock worth $332,000 after acquiring an additional 4,170 shares during the last quarter.

Separately, Zacks Investment Research cut shares of Realogy from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $30.86.

Realogy 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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Earnings History for Realogy (NYSE:RLGY)

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