Piper Jaffray Companies Equities Analysts Cut Earnings Estimates for Realogy Holdings Corp (NYSE:RLGY)

Realogy Holdings Corp (NYSE:RLGY) – Investment analysts at Piper Jaffray Companies dropped their Q3 2019 earnings per share (EPS) estimates for Realogy in a research note issued to investors on Thursday, October 17th. Piper Jaffray Companies analyst J. Deleeuw now forecasts that the financial services provider will post earnings per share of $0.85 for the quarter, down from their prior estimate of $0.89. Piper Jaffray Companies also issued estimates for Realogy’s Q4 2019 earnings at $0.08 EPS, Q1 2020 earnings at ($0.53) EPS, Q2 2020 earnings at $0.86 EPS, Q3 2020 earnings at $0.76 EPS, Q4 2020 earnings at $0.11 EPS, Q1 2021 earnings at ($0.40) EPS, Q2 2021 earnings at $0.88 EPS and Q3 2021 earnings at $0.80 EPS.

Realogy (NYSE:RLGY) last announced its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.82 by $0.01. Realogy had a return on equity of 5.57% and a net margin of 0.87%. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research upgraded Realogy from a “hold” rating to a “strong-buy” rating and set a $7.50 price target on the stock in a report on Wednesday, October 9th. Barclays lowered their price target on Realogy from $9.00 to $5.00 and set an “underweight” rating on the stock in a report on Thursday, July 11th. Evercore ISI reiterated a “hold” rating and set a $8.00 price target on shares of Realogy in a report on Sunday, August 11th. Compass Point set a $7.00 price target on Realogy and gave the company a “hold” rating in a report on Friday, August 9th. Finally, ValuEngine upgraded Realogy from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a strong buy rating to the company’s stock. Realogy currently has an average rating of “Hold” and an average target price of $10.81.

Shares of RLGY stock opened at $8.55 on Monday. Realogy has a 12 month low of $4.33 and a 12 month high of $20.14. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.77. The business’s 50 day moving average is $6.39 and its two-hundred day moving average is $7.41. The company has a market cap of $930.57 million, a PE ratio of 5.70 and a beta of 1.71.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Realogy by 65.8% in the second quarter. BlackRock Inc. now owns 18,211,448 shares of the financial services provider’s stock worth $131,850,000 after acquiring an additional 7,225,274 shares during the last quarter. Morgan Stanley grew its stake in shares of Realogy by 462.4% in the second quarter. Morgan Stanley now owns 2,975,296 shares of the financial services provider’s stock worth $21,541,000 after acquiring an additional 2,446,262 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of Realogy by 21.8% in the second quarter. Prudential Financial Inc. now owns 1,397,441 shares of the financial services provider’s stock worth $10,117,000 after acquiring an additional 250,098 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Realogy by 20.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,395,515 shares of the financial services provider’s stock worth $9,320,000 after acquiring an additional 239,451 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Realogy by 171.0% during the second quarter. Invesco Ltd. now owns 1,077,833 shares of the financial services provider’s stock worth $7,804,000 after buying an additional 680,150 shares in the last quarter.

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 and Estimates for Realogy (NYSE:RLGY)

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