Anywhere Real Estate (NYSE:HOUS) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

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 results on Tuesday. The company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.02), Zacks reports. Anywhere Real Estate had a negative net margin of 1.87% and a negative return on equity of 4.57%. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the company posted $0.27 EPS. The business's revenue was up .8% compared to the same quarter last year.

Anywhere Real Estate Stock Down 3.0%

Shares of HOUS traded down $0.14 during trading hours on Friday, hitting $4.48. The stock had a trading volume of 1,657,714 shares, compared to its average volume of 1,332,038. Anywhere Real Estate has a 1-year low of $2.71 and a 1-year high of $5.95. The firm has a market capitalization of $500.91 million, a P/E ratio of -4.57 and a beta of 1.70. The firm has a 50 day simple moving average of $3.92 and a 200-day simple moving average of $3.65. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.52 and a quick ratio of 0.32.

Wall Street Analyst Weigh In

HOUS has been the topic of several research analyst reports. Keefe, Bruyette & Woods cut their target price 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. Wall Street Zen cut Anywhere Real Estate from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Barclays lifted their price objective on shares of Anywhere Real Estate from $3.00 to $3.50 and gave the company an "underweight" rating in a research note on Wednesday.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its holdings in shares of Anywhere Real Estate by 52.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,682,561 shares of the company's stock valued at $5,603,000 after acquiring an additional 582,402 shares in the last quarter. Empowered Funds LLC increased its stake in Anywhere Real Estate by 5.6% during the 1st quarter. Empowered Funds LLC now owns 608,172 shares of the company's stock valued at $2,025,000 after purchasing an additional 32,108 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Anywhere Real Estate during the first quarter worth $380,000. Dynamic Technology Lab Private Ltd acquired a new position in Anywhere Real Estate during the first quarter worth $84,000. Finally, Strs Ohio bought a new position in shares of Anywhere Real Estate in the first quarter valued at $64,000. 97.56% of the stock is owned by institutional investors and hedge funds.

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.