Redfin (NASDAQ:RDFN) is set to announce its earnings results after the market closes on Thursday, August 1st. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. Redfin has set its Q2 2019 guidance at EPS.
Redfin (NASDAQ:RDFN) last posted its quarterly earnings results on Wednesday, May 8th. The company reported ($0.74) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.75) by $0.01. Redfin had a negative return on equity of 22.64% and a negative net margin of 14.06%. The business had revenue of $110.10 million for the quarter, compared to analyst estimates of $103.97 million. During the same period last year, the company earned ($0.44) EPS. The firm’s revenue was up 37.8% on a year-over-year basis. On average, analysts expect Redfin to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
NASDAQ:RDFN opened at $17.66 on Tuesday. Redfin has a 12-month low of $13.50 and a 12-month high of $24.80. The company has a debt-to-equity ratio of 0.50, a current ratio of 4.73 and a quick ratio of 4.36. The company has a market cap of $1.61 billion, a price-to-earnings ratio of -36.04 and a beta of 1.36. The business has a fifty day moving average of $17.81.
Several research firms have issued reports on RDFN. Cowen set a $24.00 price target on Redfin and gave the company a “buy” rating in a research note on Friday, June 21st. Susquehanna Bancshares upgraded shares of Redfin from a “neutral” rating to a “positive” rating and set a $23.00 price objective for the company in a research report on Wednesday, July 17th. Stephens upgraded shares of Redfin from an “underweight” rating to an “overweight” rating and boosted their price objective for the company from $18.00 to $23.00 in a research report on Monday, June 10th. Piper Jaffray Companies lowered their price objective on shares of CELYAD SA/ADR from $51.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, April 1st. Finally, DA Davidson set a $16.00 price objective on shares of Redfin and gave the company a “hold” rating in a research report on Tuesday, July 2nd. Fourteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $22.07.
In other Redfin news, insider Adam Wiener sold 5,000 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $18.03, for a total value of $90,150.00. Following the completion of the sale, the insider now owns 255,503 shares in the company, valued at approximately $4,606,719.09. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Christopher John Nielsen sold 3,000 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $17.32, for a total transaction of $51,960.00. Following the completion of the sale, the chief financial officer now owns 3,000 shares of the company’s stock, valued at approximately $51,960. The disclosure for this sale can be found here. In the last three months, insiders sold 28,381 shares of company stock worth $517,189. 8.20% of the stock is currently owned by insiders.
Redfin Company Profile
Redfin Corporation operates as a real estate brokerage company in the United States. The company operates an online real estate marketplace and provides real estate services, including assisting individuals in purchase or sell their residential property. It also provides title and settlement services; originates and sells mortgages; and buys and sells residential properties.
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