Anywhere Real Estate (NYSE:HOUS) Issues Quarterly Earnings Results

Anywhere Real Estate (NYSE:HOUS) announced its quarterly earnings results on Tuesday. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.30), Briefing.com reports. Anywhere Real Estate had a negative net margin of 1.87% and a negative return on equity of 4.57%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the business earned $0.06 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis.

Anywhere Real Estate Stock Performance

HOUS stock traded up $0.56 during midday trading on Tuesday, hitting $10.75. The stock had a trading volume of 742,676 shares, compared to its average volume of 1,651,538. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -10.93 and a beta of 1.83. Anywhere Real Estate has a 52 week low of $2.71 and a 52 week high of $12.03. The stock has a 50-day simple moving average of $8.77 and a 200 day simple moving average of $5.71. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.51.

Analysts Set New Price Targets

HOUS has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Anywhere Real Estate in a report on Wednesday, October 8th. Wall Street Zen downgraded Anywhere Real Estate from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. upgraded shares of Anywhere Real Estate from an “underweight” rating to a “neutral” rating and set a $10.00 price objective on the stock in a research note on Monday, September 22nd. Barclays upgraded shares of Anywhere Real Estate from a “strong sell” rating to an “equal weight” rating and raised their price objective for the stock from $3.50 to $11.00 in a research note on Tuesday, September 23rd. Finally, Compass Point set a $11.00 price objective on shares of Anywhere Real Estate in a research note on Tuesday, September 23rd. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Anywhere Real Estate presently has a consensus rating of “Reduce” and an average price target of $9.13.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in HOUS. Strs Ohio bought a new position in shares of Anywhere Real Estate in the first quarter valued at about $64,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Anywhere Real Estate in the first quarter valued at about $84,000. Brevan Howard Capital Management LP bought a new stake in Anywhere Real Estate during the 2nd quarter worth about $126,000. Sei Investments Co. bought a new stake in Anywhere Real Estate during the 2nd quarter worth about $128,000. Finally, Cetera Investment Advisers raised its holdings in Anywhere Real Estate by 20.9% during the 2nd quarter. Cetera Investment Advisers now owns 37,895 shares of the company’s stock worth $137,000 after purchasing an additional 6,540 shares during the last quarter. 97.56% of the stock is owned by institutional investors.

About Anywhere Real Estate

Anywhere Real Estate Inc, through its subsidiaries, provides residential real estate services in the United States and internationally. The company operates through three segments: Anywhere Brands, Anywhere Advisors, and Anywhere Integrated Services. The Anywhere Brands segment franchises the Better Homes and Gardens Real Estate, Century 21, Coldwell Banker, Coldwell Banker Commercial, Corcoran, ERA, and Sotheby's International Realty brand names.