Anywhere Real Estate (NYSE:HOUS) Announces Earnings Results, Beats Expectations By $0.03 EPS

Anywhere Real Estate (NYSE:HOUS) posted its earnings results on Thursday. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03, Zacks reports. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.70 billion. Anywhere Real Estate had a negative return on equity of 5.65% and a negative net margin of 0.87%. Anywhere Real Estate’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 earnings per share.

Anywhere Real Estate Stock Performance

Shares of HOUS stock traded up $0.06 during trading hours on Friday, reaching $4.33. 1,204,200 shares of the company traded hands, compared to its average volume of 1,436,486. The firm has a 50-day moving average price of $3.83 and a 200 day moving average price of $5.23. The company has a market cap of $481.11 million, a P/E ratio of -7.73 and a beta of 2.30. Anywhere Real Estate has a 12-month low of $3.01 and a 12-month high of $8.48. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.38 and a quick ratio of 0.30.

Wall Street Analyst Weigh In

Separately, Barclays reduced their target price on shares of Anywhere Real Estate from $4.50 to $3.50 and set an “underweight” rating for the company in a report on Friday, July 12th.

About Anywhere Real Estate

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.