Realogy Holdings Corp (RLGY) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Realogy Holdings Corp (RLGY) reported quarterly earnings results on Thursday, May-5-2016. The company reported $-0.12 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $-0.10. The company posted revenue of $1134.00 million in the period, compared to analysts expectations of $1134.93 million. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.22 EPS.

Many Wall Street Analysts have commented on Realogy Holdings Corp. Keefe Bruyette Initiated Realogy Holdings Corp on Mar 31, 2016 to “Mkt Perform”, Price Target of the shares are set at $37.50.Realogy Holdings Corp was Downgraded by JP Morgan to ” Neutral” on Feb 24, 2016.

Realogy Holdings Corp closed down -0.49 points or -1.43% at $33.71 with 20,36,475 shares getting traded on Wednesday. Post opening the session at $34, the shares hit an intraday low of $33.36 and an intraday high of $34.04 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 2, 2016, Duncan L Niederauer (director) purchased 6,950 shares at $31.99 per share price. According to the SEC, on Sep 10, 2015, Anthony E Hull (CFO) purchased 2,500 shares at $40.40 per share price. On Aug 4, 2015, Timothy B. Gustavson (SVP, CHIEF ACCOUNTING OFFICER) sold 1,186 shares at $44.53 per share price, according to the Form-4 filing with the securities and exchange commission.

Realogy Holdings Corp. is a franchisor of residential real estate brokerages and a provider of outsourced employee relocation and title and settlement services in the United States. The Company has four operating segments: Real Estate Franchise Services (RFG) Company Owned Real Estate Brokerage Services (NRT) Relocation Services (Cartus) and Title and Settlement Services (TRG). The RFG segment is a franchisor of residential real estate brokerage services. The NRT segment owns and operates a residential real estate brokerage business in the United States. The Cartus segment provides outsourced employee relocation services. The TRG segment provides full-service title and settlement services to its clients. The Company’s portfolio of brokerage brands includes Century 21 Coldwell Banker Coldwell Banker Commercial ERA Sotheby’s International Realty Better Homes and Gardens Real Estate The Corcoran Group ZipRealty and Citi Habitats.

Realogy Holdings Corp

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