Realogy (NYSE:RLGY) Posts Earnings Results

Realogy (NYSE:RLGY) announced its earnings results on Thursday. The financial services provider reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.01, Bloomberg Earnings reports. Realogy had a net margin of 1.76% and a return on equity of 6.82%. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the firm earned $1.00 earnings per share. The business’s revenue for the quarter was down 4.7% on a year-over-year basis.

NYSE:RLGY opened at $5.92 on Friday. The firm’s 50 day moving average price is $5.94. Realogy has a 52 week low of $4.52 and a 52 week high of $21.87. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.83. The stock has a market capitalization of $575.63 million, a PE ratio of 3.95 and a beta of 1.70.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 6.08%. The ex-dividend date of this dividend is Tuesday, August 20th. Realogy’s payout ratio is 24.00%.

RLGY has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Realogy from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Stephens downgraded shares of Realogy from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $16.00 to $8.00 in a research note on Monday, June 10th. Compass Point raised shares of Realogy from a “sell” rating to a “neutral” rating in a research note on Monday, July 8th. Finally, Barclays decreased their target price 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. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $12.00.

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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