Analysts predict that Realogy Holdings Corp (NYSE:RLGY) will post sales of $1.48 billion for the current quarter, according to Zacks. Three analysts have issued estimates for Realogy’s earnings, with estimates ranging from $1.44 billion to $1.55 billion. Realogy reported sales of $1.37 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 8%. The company is expected to announce its next earnings results 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 year, with estimates ranging from $6.11 billion to $6.22 billion. For the next fiscal year, analysts anticipate that the company will report sales of $6.33 billion per share, with estimates ranging from $6.28 billion to $6.36 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Realogy.
A number of analysts have weighed in on the company. JPMorgan Chase & Co. downgraded Realogy from a “neutral” rating to an “underweight” rating and set a $28.00 price target for the company. in a report on Friday, December 15th. Zacks Investment Research downgraded Realogy from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Piper Jaffray Companies reiterated a “buy” rating and set a $36.00 price target on shares of Realogy in a report on Friday, December 22nd. Citigroup decreased their price target on Realogy from $40.00 to $37.00 and set a “buy” rating for the company in a report on Monday, November 6th. Finally, TheStreet downgraded Realogy from a “b-” rating to a “c+” rating in a report on Monday, January 8th. Three analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Realogy currently has an average rating of “Hold” and an average price target of $34.78.
In other news, Director Duncan L. Niederauer bought 5,000 shares of Realogy stock in a transaction dated Monday, November 27th. The stock was bought at an average cost of $26.47 per share, for a total transaction of $132,350.00. Following the purchase, the director now directly owns 25,141 shares in the company, valued at approximately $665,482.27. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.80% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. grew its stake in shares of Realogy by 0.4% in 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 buying an additional 17 shares during the period. Tocqueville Asset Management L.P. acquired a new stake in shares of Realogy in the 3rd quarter valued at about $201,000. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Realogy in the 4th quarter valued at about $175,000. Country Club Trust Company n.a. acquired a new stake in shares of Realogy in the 4th quarter valued at about $203,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Realogy in the 4th quarter valued at about $209,000.
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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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