Realogy (NYSE:RLGY) Posts Quarterly Earnings Results, Beats Estimates By $0.30 EPS

Realogy (NYSE:RLGY) released its earnings results on Thursday. The financial services provider reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.30, RTT News reports. Realogy had a negative net margin of 11.19% and a positive return on equity of 4.46%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the firm earned $0.83 EPS.

Shares of NYSE:RLGY traded up $0.26 on Friday, hitting $9.06. The company had a trading volume of 4,353,322 shares, compared to its average volume of 1,822,470. The firm’s 50-day simple moving average is $7.56 and its two-hundred day simple moving average is $7.03. Realogy has a 1 year low of $2.09 and a 1 year high of $13.88. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 2.24. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 11.58 and a beta of 2.78.

RLGY has been the topic of several recent research reports. Zacks Investment Research raised shares of Realogy from a “sell” rating to a “hold” rating in a report on Wednesday, July 1st. Evercore ISI raised shares of Realogy from an “in-line” rating to an “outperform” rating and set a $13.00 target price on the stock in a report on Friday. Susquehanna Bancshares cut their price target on shares of Realogy from $8.00 to $3.00 and set a “neutral” rating on the stock in a report on Monday, April 6th. Keefe, Bruyette & Woods cut their price target on shares of Realogy from $10.00 to $5.00 and set a “market perform” rating on the stock in a report on Wednesday, May 13th. Finally, ValuEngine lowered shares of Realogy from a “sell” rating to a “strong sell” rating in a report on Thursday, July 23rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Realogy has a consensus rating of “Hold” and a consensus price target of $9.00.

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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Earnings History for Realogy (NYSE:RLGY)

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