Douglas Elliman (NYSE:DOUG) Issues Earnings Results

Douglas Elliman (NYSE:DOUG) issued its quarterly earnings data on Monday. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.10), FiscalAI reports. The firm had revenue of $252.09 million during the quarter, compared to the consensus estimate of $276.10 million. Douglas Elliman had a negative return on equity of 19.16% and a net margin of 2.47%.

Douglas Elliman Trading Up 2.9%

Shares of NYSE:DOUG traded up $0.04 during midday trading on Monday, reaching $1.60. The company had a trading volume of 419,555 shares, compared to its average volume of 566,453. The company’s 50 day moving average price is $1.60 and its 200 day moving average price is $1.87. The stock has a market cap of $145.88 million, a P/E ratio of 9.44 and a beta of 1.87. Douglas Elliman has a 52-week low of $1.38 and a 52-week high of $3.03.

Analyst Upgrades and Downgrades

DOUG has been the topic of several recent analyst reports. Wall Street Zen raised shares of Douglas Elliman from a “sell” rating to a “buy” rating in a research report on Saturday, August 15th. Weiss Ratings raised Douglas Elliman from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, October 30th. Citigroup assumed coverage on Douglas Elliman in a research report on Wednesday, October 14th. They set a “market perform” rating for the company. Finally, Citizens Jmp began coverage on Douglas Elliman in a research report on Wednesday, October 14th. They set a “market perform” rating for the company. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

Douglas Elliman Company Profile

Douglas Elliman Inc (NYSE: DOUG) is a real estate services company and the parent of Douglas Elliman Realty, one of the largest residential real estate brokerage firms in the United States. The company provides brokerage services for buyers and sellers of residential properties, including luxury homes, condominiums, cooperatives and rental properties.

In addition to residential brokerage, Douglas Elliman offers new-development marketing and sales, commercial real estate services, property management, relocation assistance and related advisory services.