Anywhere Real Estate Inc. (NYSE: HOUS) stock fell -0.38% on Friday to $10.43 against a previous-day closing price of $10.47. With 1.46 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.47 million shares. During the session, the Real Estate Services company that operates in wider Real Estate sector, reached to the highest price of $10.88 whereas the lowest price it dropped to was $10.43. The 52-week range on HOUS shows that it touched its highest point at $21.03 and its lowest point at $9.06 during that stretch. It currently has a 1-year price target of $12.00. Beta for the stock currently stands at 2.39.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HOUS was down-trending over the past week, with a drop of 0.00%, but this was down by -3.07% over a month. Three-month performance dropped to -9.15% while six-month performance fell -36.25%. The stock lost -39.88% in the past year, while it has lost -37.95% so far this year. A look at the trailing 12-month EPS for HOUS yields 2.78 with Next year EPS estimates of 2.11. For the next quarter, that number is 0.80. This implies an EPS growth rate of 191.30% for this year and 16.02% for next year. EPS is expected to grow by 27.70% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 14.30%.
Float and Shares Shorts:
At present, 117.10 million HOUS shares are outstanding with a float of 115.06 million shares on hand for trading. On Jul 14, 2022, short shares totaled 14.29 million, which was 12.09% higher than short shares on Jun 14, 2022. In addition to Mr. Ryan M. Schneider Ph.D. as the firm’s CEO, Pres & Director, Ms. Charlotte C. Simonelli serves as its Exec. VP, CFO & Treasurer.
Through their ownership of 112.75% of HOUS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 70.45% of HOUS, in contrast to 65.44% held by mutual funds. Shares owned by individuals account for 41.74%. As the largest shareholder in HOUS with 15.96% of the stake, The Vanguard Group, Inc. holds 18,851,561 shares worth 18,851,561. A second-largest stockholder of HOUS, BlackRock Fund Advisors, holds 18,530,281 shares, controlling over 15.68% of the firm’s shares. Southeastern Asset Management, In is the third largest shareholder in HOUS, holding 10,579,576 shares or 8.95% stake. With a 7.05% stake in HOUS, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 8,331,651 shares are owned by the mutual fund manager. The Longleaf Partners Small Cap Fund, which owns about 5.51% of HOUS stock, is the second-largest Mutual Fund holder. It holds 6,507,042 shares valued at 63.96 million. Vanguard Real Estate Index Fund holds 4.54% of the stake in HOUS, owning 5,365,570 shares worth 52.74 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HOUS since 5 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With HOUS analysts setting a high price target of $20.00 and a low target of $9.00, the average target price over the next 12 months is $13.40. Based on these targets, HOUS could surge 91.75% to reach the target high and fall by -13.71% to reach the target low. Reaching the average price target will result in a growth of 28.48% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. HOUS will report FY 2022 earnings on 02/28/2023. Analysts have provided yearly estimates in a range of $2.39 being high and $1.77 being low. For HOUS, this leads to a yearly average estimate of $2.05. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Anywhere Real Estate Inc. surprised analysts by -$0.21 when it reported $0.75 EPS against a consensus estimate of $0.96. The surprise factor in the prior quarter was $0.30. Based on analyst estimates, the high estimate for the next quarter is $0.93 and the low estimate is $0.59. The average estimate for the next quarter is thus $0.74.
Summary of Insider Activity:
Insiders traded HOUS stock several times over the past three months with 10 Buys and 0 Sells. In these transactions, 145,572 shares were bought while 0 shares were sold. The number of buy transactions has increased to 38 while that of sell transactions has risen to 47 over the past year. The total number of shares bought during that period was 1,373,932 while 569,246 shares were sold.