Wall Street brokerages predict that Realogy Holdings Corp (NYSE:RLGY) will report sales of $1.48 billion for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Realogy’s earnings. The highest sales estimate is $1.55 billion and the lowest is $1.44 billion. Realogy posted sales of $1.37 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 8%. The business is expected to report its next earnings report before the market opens on Tuesday, February 27th.
According to Zacks, analysts expect that Realogy will report full year sales of $1.48 billion for the current fiscal year, with estimates ranging from $6.11 billion to $6.22 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $6.33 billion per share, with estimates ranging from $6.28 billion to $6.36 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Realogy.
Several equities analysts have weighed in on RLGY shares. Zacks Investment Research lowered Realogy from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Piper Jaffray Companies reissued a “buy” rating and set a $33.00 price objective on shares of Realogy in a report on Friday, November 3rd. Citigroup reduced their price objective on Realogy from $40.00 to $37.00 and set a “buy” rating for the company in a report on Monday, November 6th. BidaskClub lowered Realogy from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Finally, JPMorgan Chase & Co. reduced their price objective on Realogy to $30.00 and set a “neutral” rating for the company in a report on Wednesday, December 6th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Realogy currently has a consensus rating of “Hold” and an average target price of $34.60.
In other Realogy news, Director Duncan L. Niederauer purchased 5,000 shares of Realogy stock in a transaction that occurred on Monday, November 27th. The shares were bought at an average price of $26.47 per share, for a total transaction of $132,350.00. Following the acquisition, the director now directly owns 25,141 shares in the company, valued at $665,482.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its position in Realogy by 0.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,153 shares of the financial services provider’s stock valued at $135,000 after acquiring an additional 17 shares in the last quarter. Tocqueville Asset Management L.P. bought a new stake in Realogy during the 3rd quarter valued at approximately $201,000. Fuller & Thaler Asset Management Inc. bought a new stake in Realogy during the 4th quarter valued at approximately $175,000. Country Club Trust Company n.a. bought a new stake in Realogy during the 4th quarter valued at approximately $203,000. Finally, State of Alaska Department of Revenue bought a new stake in Realogy during the 4th quarter valued at approximately $209,000.
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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