Douglas Elliman (NYSE:DOUG) Posts Earnings Results

Douglas Elliman (NYSE:DOUG) issued its earnings results on Friday. The company reported ($0.05) EPS for the quarter, FiscalAI reports. The firm had revenue of $283.45 million during the quarter. Douglas Elliman had a net margin of 0.50% and a negative return on equity of 20.59%.

Here are the key takeaways from Douglas Elliman’s conference call:

• Second-quarter performance improved: Revenue rose 8.6% year over year excluding the divested property-management business, while adjusted EBITDA loss narrowed to $1.0 million from $3.6 million and adjusted net loss improved to $3.9 million from $7.3 million.
• Recent housing activity strengthened. Cash receipts from existing-home sales increased 15% in May, 16% in June, and 8% in July, with a 13% weighted-average increase from May through July; the company said Florida, the Hamptons, Texas, Nevada, and Boston led results.
• Douglas Elliman maintained a strong balance sheet with $105 million of cash at June 30 and $121 million at July 31, including a $13 million net settlement receipt, while reporting no long-term debt.
• The development-marketing pipeline totals approximately $26.1 billion in actively marketed gross transaction value, with another $9.7 billion expected to come to market through September 2027, potentially supporting future commission revenue.
• Despite the improved second quarter, first-half profitability deteriorated on an adjusted basis: adjusted EBITDA loss widened to $11.4 million from $4.5 million, adjusted net loss increased to $16.3 million from $11.6 million, and revenue excluding property management declined 1.4% year over year.

Douglas Elliman Stock Performance

Shares of NYSE DOUG traded down $0.03 during trading on Friday, reaching $1.76. The company had a trading volume of 456,280 shares, compared to its average volume of 582,464. Douglas Elliman has a 52 week low of $1.53 and a 52 week high of $3.19. The business’s 50 day moving average price is $1.79 and its 200-day moving average price is $1.98. The stock has a market cap of $160.46 million, a PE ratio of -25.21 and a beta of 1.86.

Analyst Ratings Changes

Several analysts have weighed in on DOUG shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Douglas Elliman in a research note on Wednesday. Wall Street Zen lowered Douglas Elliman from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of Douglas Elliman during the second quarter worth approximately $9,484,000. Saber Capital Managment LLC bought a new position in Douglas Elliman in the fourth quarter valued at approximately $2,982,000. Geode Capital Management LLC boosted its stake in Douglas Elliman by 115.4% in the second quarter. Geode Capital Management LLC now owns 1,707,823 shares of the company’s stock valued at $3,963,000 after acquiring an additional 915,018 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in Douglas Elliman by 36.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,474,443 shares of the company’s stock worth $7,077,000 after acquiring an additional 662,603 shares during the period. Finally, Russell Investments Group Ltd. bought a new stake in shares of Douglas Elliman during the 3rd quarter valued at $684,000. Institutional investors own 59.56% of the company’s stock.

Douglas Elliman Company Profile

Douglas Elliman (NYSE: DOUG) is one of the largest residential real estate brokerages in the United States, offering an array of services that span property sales, leasing and management. Founded in 1911 and headquartered in New York City, the firm has built a reputation for representing high-end residential properties and guiding clients through complex real estate transactions. Over the course of its history, Douglas Elliman has expanded its offerings to include specialized support for developers, investors and individual homeowners.

The company’s core business activities include residential brokerage, new development marketing, and property management.