Last $36.25 USD
Change Today -0.95 / -2.55%
Volume 1.1M
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As of 2:02 PM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

realogy holdings corp (RLGY) Key Developments

Realogy Holdings Corp. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Sales Guidance for the Third Quarter of 2014

Realogy Holdings Corp. reported consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net revenues of $1,512 million against $1,533 million a year ago. Income before income taxes, equity in earnings and non-controlling interests was $116 million against $82 million a year ago. Net income attributable to the company was $68 million against $84 million a year ago. Diluted earnings per share were $0.46 against $0.57 a year ago. EBITDA was $238 million against $204 million a year ago. Adjusted EBITDA was $269 million against $278 million a year ago. Free cash flow /cash earnings per share were $198 million or $1.36 per share. For the second quarter of 2014, combined full-year homesale transaction volume (transaction sides times average sale price) increased by 3%, as compared to second quarter of 2013. RFG and NRT reported that average homesale price improved 7% year-over-year while homesale transactions declined 3% and 5%, respectively. For the six months, the company reported net revenues of $2,519 million against $2,490 million a year ago. Income before income taxes, equity in earnings and non-controlling interests was $39 million against $6 million a year ago. Net income attributable to the company was $22 million against $9 million a year ago. Diluted earnings per share were $0.15 against $0.06 a year ago. For the third quarter of 2014, based on closed sales activity in July, along with contracts opened in June and July, the company expects homesale sides to be down -4% to -6% year-over-year, and average sale price to increase +4% to +6% on a combined basis. As a result, the company expects to see homesale transaction volume in the range of -2% to +2% year-over-year this quarter for Realogy Franchise Group and the company-owned brokerage operations combined.

Realogy Holdings Corp. - M&A Call

To acquire ZipRealty

Realogy Holdings Corp. to Report Q2, 2014 Results on Aug 04, 2014

Realogy Holdings Corp. announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Aug 04, 2014

Realogy Holdings Corp., Q2 2014 Earnings Call, Aug 04, 2014

Realogy Holdings Corp., Q2 2014 Earnings Call, Aug 04, 2014

Realogy Holdings Provides Earnings Guidance for 2014

Realogy Holdings provided earnings guidance for 2014. The company expects capital expenditures of approximately $65 million; cash interest expense of approximately $230 million for 2014, a reduction of $70 million compared to 2013. The company expects book income tax rate for the year will be approximately 41%.

 

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RLGY

Industry Average

Valuation RLGY Industry Range
Price/Earnings 12.1x
Price/Sales 1.0x
Price/Book 2.6x
Price/Cash Flow 8.6x
TEV/Sales 0.2x
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