Anywhere Real Estate (NYSE:HOUS) Announces Earnings Results

Key Points

• Anywhere Real Estate (NYSE:HOUS) reported an EPS of $0.24 for the quarter, missing estimates by $0.10, with revenue of $1.68 billion, below the expected $1.77 billion.
• Institutional investors now hold 97.56% of Anywhere Real Estate's stock, with notable stakes increased by Goldman Sachs and other hedge funds.
• Keefe, Bruyette & Woods lowered their price target for Anywhere Real Estate from $5.00 to $4.50 and issued a "market perform" rating.

Anywhere Real Estate (NYSE:HOUS - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.02), Zacks reports. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.77 billion. Anywhere Real Estate had a negative return on equity of 4.57% and a negative net margin of 1.87%. Anywhere Real Estate's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.27 earnings per share.

Anywhere Real Estate Stock Down 6.4%

Shares of NYSE HOUS traded down $0.30 during mid-day trading on Friday, hitting $4.33. 483,427 shares of the stock traded hands, compared to its average volume of 1,135,205. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.32 and a current ratio of 0.52. Anywhere Real Estate has a 52 week low of $2.71 and a 52 week high of $5.95. The company has a market cap of $483.58 million, a price-to-earnings ratio of -4.41 and a beta of 1.73. The stock has a fifty day moving average price of $3.90 and a 200-day moving average price of $3.64.

Institutional Investors Weigh In On Anywhere Real Estate

Several hedge funds have recently made changes to their positions in HOUS. Goldman Sachs Group Inc. boosted its holdings in Anywhere Real Estate by 52.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,682,561 shares of the company's stock worth $5,603,000 after acquiring an additional 582,402 shares in the last quarter. Empowered Funds LLC boosted its holdings in Anywhere Real Estate by 5.6% in the first quarter. Empowered Funds LLC now owns 608,172 shares of the company's stock worth $2,025,000 after acquiring an additional 32,108 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Anywhere Real Estate in the first quarter worth $380,000. Dynamic Technology Lab Private Ltd bought a new stake in Anywhere Real Estate in the first quarter worth $84,000. Finally, Strs Ohio bought a new stake in Anywhere Real Estate in the first quarter worth $64,000. 97.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HOUS. Keefe, Bruyette & Woods cut their price objective on Anywhere Real Estate from $5.00 to $4.50 and set a "market perform" rating on the stock in a research report on Monday, April 28th. Barclays raised their price objective on shares of Anywhere Real Estate from $3.00 to $3.50 and gave the stock an "underweight" rating in a report on Wednesday.

Anywhere Real Estate Company Profile

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.