SIRVA, Inc., a leading global relocation and moving company, today issued the following statement in response to a complaint filed by Realogy Holdings Corp. (NYSE: RLGY) under the previously announced purchase agreement for the acquisition of Realogy's Cartus Relocation Services business.
Realogy Holdings (RLGY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
ERA® Real Estate, a global franchising leader within the Realogy family of companies, today announced that four long-time franchisees have signed long-term renewals with the brand. The renewing companies have a combined affiliation tenure of 101 years. ERA King Real Estate Company and ERA Reardon Realty are both ranked in the brand's Top 20 Company Producers in Units with rankings of 11th and 20th, respectively. All four renewals, which also include High Pointe Real Estate and ERA Advantage Realty, Inc., showcased substantial growth since their affiliation with the ERA brand.
Q1 2020 Realogy Holdings Corp Earnings Call
Realogy proudly represents 31% of agents recognized in the ninth annual National Association of Hispanic Real Estate Professionals (NAHREP®) Top 250 Latino Agents Report for 2020 announced yesterday. Honoring the top Latino real estate agents and teams from around the country, the ranking features 77 independent sales agents affiliated with Realogy's brands, including Better Homes and Gardens® Real Estate, CENTURY 21® Coldwell Banker®, ERA® and Sotheby's International Realty®.
AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of "bbb+" to Title Resources Guaranty Company (TRG) (Dallas, TX). The outlook assigned to these Credit Ratings (ratings) is stable. TRG is ultimately owned by Realogy Holdings Corp. (Realogy) [NYSE: RLGY], a publicly traded company and real estate brokerage provider that franchises and owns several of the industry’s leading real estate brands and brokerage services firms.
ERA® Real Estate, a global franchising leader, opened its virtual FUEL ERA international conference today by honoring five longtime real estate professionals with induction into the ERA Hall of Fame. Established in 2013, the ERA Hall of Fame honors affiliated individuals and companies who have consistently earned high levels of recognition and have made contributions and lasting impact on the culture and history of the ERA brand over the decades.
Century 21 Real Estate LLC is proud to announce that 32 of its affiliated relentless sales professionals earned their way onto the National Association of Hispanic Real Estate Professionals (NAHREP) 2020 "Top 250 Latino Agents Report" that recognizes outstanding real estate agents and teams from around the country. The 32 CENTURY 21® System members represent 13% of the honorees on the Top 250 list, the second highest total among all real estate companies, and signifies the brand's commitment to Hispanic homeownership and entrepreneurship.
Shares of Realogy Holdings (NYSE:RLGY) gained 12% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share increased 17.91% over the past year to ($0.55), which beat the estimate of ($0.58).Revenue of $1,116,000,000 up by 0.18% year over year, which beat the estimate of $1,070,000,000.Looking Ahead Realogy Holdings hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.Details Of The Call Date: May 07, 2020View more earnings on RLGYTime: 10:01 AM ETWebcast URL: https://ir.realogy.com/events/event-details/q1-2020-realogy-holdings-corp-earnings-conference-callPrice Action Company's 52-week high was at $13.8852-week low: $2.09Price action over last quarter: down 65.57%Company Profile Realogy Holdings Corp provides residential real estate services in the United States. Operations are divided into the following segments: real estate franchise services (RFG), company-owned real estate brokerage services (NRT), relocation services (Cartus), and title and settlement services (TRG). NRT generates approximately 75% of Realogy's revenue, with other segments narrowly dividing the remaining portion. Revenue from each segment is derived from fees based upon services performed. Under NRT, operations consist of residential brokerage services through brand names such as Coldwell Banker and Sotheby's. Realogy's relocation services, franchisee and brokerage businesses can be accessed in the United States and internationally.See more from Benzinga * 9 Real Estate Stocks Moving In Thursday's Pre-Market Session * 12 Real Estate Stocks Moving In Wednesday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Century 21 Real Estate LLC announced today that in the first four months of 2020, the CENTURY 21 System added 10 new companies and renewed 38 franchisees, including the renewal of its eighth and 11th largest companies, respectively: CENTURY 21 Real Estate Alliance and CENTURY 21 Beggins Enterprises. Overwhelmingly, owners at these companies cited the CENTURY 21 brand's leading quality service ratings, agile productivity platform, and almost 50-year legacy of relevance and industry leadership as the primary reasons why the global franchisor is the best growth option for its affiliated agents and their homebuying and selling clients.
Realogy Holdings Corp. (NYSE: RLGY), the largest full-service residential real estate services company in the United States, will release its financial results for the quarter ended March 31, 2020 on Thursday, May 7, 2020, prior to the company's webcast scheduled for 8:30 a.m. (ET) on the same day. During this call the company will report its first quarter 2020 financial results and provide a business update.
Moody's Investors Service ("Moody's") downgraded Realogy Group LLC's ("Realogy") corporate family rating ("CFR") to B2 from B1, probability of default rating ("PDR") to B2-PD from B1-PD, senior secured bank credit facility to Ba3 from Ba2 and senior unsecured notes to Caa1 from B3. The Speculative Grade Liquidity ("SGL") rating was downgraded to SGL-3 from SGL-2. "Large anticipated declines in US existing home sale transaction volume caused by the economic fallout from the coronavirus pandemic will likely have a pronounced and negative impact on Realogy's revenue, credit metrics and liquidity, driving the rating downgrades" said Edmond DeForest, Moody's Vice President and Senior Credit Officer.
Today, Century 21 Real Estate LLC announced the winners of its Q1 2020 "Relentless Agent Awards" honorees recognizing excellence in client services in the ever-evolving real estate industry. The select group of five winners was chosen from over 52,000 U.S. agents, specifically identified by client testimonials written about their efforts to go beyond the standard call of duty.
Hedge funds don't get the respect they used to get. Nowadays investors prefer passive funds over actively managed funds. One thing they don't realize is that 100% of the passive funds didn't see the coronavirus recession coming, but a lot of hedge funds did. Even we published an article near the end of February and […]
Sotheby's International Realty is the exclusive launch sponsor of a new, multi-lingual real estate portal on one of Mexico's leading business publications, Expansión. Sotheby's International Realty is the first luxury real estate brand to showcase its listings to prospective homebuyers on the marketplace and the affiliation marks a first for the real estate industry in the Mexican market.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Realogy Group LLC and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Realogy Holdings Corp. (NYSE: RLGY), the largest full-service residential real estate services company in the United States, today announced the company has filed a lawsuit in the Court of Chancery of the State of Delaware against certain affiliates of Madison Dearborn Partners, LLC ("MDP") and SIRVA Worldwide, Inc. ("SIRVA"), an MDP portfolio company, to enforce SIRVA's obligations under the previously announced purchase agreement for the sale of Realogy's Cartus Relocation Services business for $400 million.
Realogy Holdings (RLGY) delivered earnings and revenue surprises of -14.58% and -2.86%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Realogy Holdings Corp. (NYSE: RLGY), the largest full-service residential real estate services company in the United States, today reported financial results for the first quarter ended March 31, 2020.
At this time, I would like to turn the conference over to Realogy Senior Vice President, Alicia Swift. On the call with me today are Realogy's CEO and President, Ryan Schneider; and Chief Financial Officer, Charlotte Simonelli.