Streetbeat News

DOUG

Douglas Elliman Inc.

https://www.elliman.com

Industry

Real Estate - Services

Douglas Elliman Inc. engages in the real estate services and property technology investment business in the United States. It operates in two segments, Real Estate Brokerage, and Corporate and Other. The company conducts residential real estate brokerage operations. It has approximately 100 offices with approximately 6,500 real estate agents in the New York metropolitan areas, as well as in Florida, California, Connecticut, Massachusetts, Colorado, New Jersey, and Texas. Douglas Elliman Inc. was founded in 1911 and is headquartered in Miami, Florida. Douglas Elliman Inc.(NYSE:DOUG) operates independently of Vector Group Ltd. as of December 29, 2021.

Open

2.40

Mkt cap

233M

Volume

791K

High

2.57

P/E Ratio

-2.49

52-wk high

3.16

Low

2.33

Div yield

N/A

52-wk low

1.00

Douglas Elliman has announced a $50 million growth investment from Kennedy Lewis Investment Management. The investment comes in the form of senior secured convertible notes due July 2, 2029, with a 7.0% cash interest or 8.0% paid in kind. Preliminary Q2 gross transaction value is estimated between $10.25 billion and $11.25 billion, indicating a strong cash position. The investment will be used to fuel strategic growth and expansion, and Kennedy Lewis will gain the right to nominate one director to Douglas Elliman's board.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 12:35 pm

Douglas Elliman's shares dropped following the announcement of disappointing Q1 financial results, falling short of expectations.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 11:41 am

Douglas Elliman (NYSE:DOUG) reported Q1 2024 adjusted EPS of $(0.28), missing estimates by 300% and marking a 33.33% decrease from the previous year. Sales were $200.239M, missing estimates by 7.91% and down 6.42% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 9:36 pm

Douglas Elliman's stock price increased following the announcement of a settlement agreement to resolve brokerage commission litigation.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 4:20 pm

Douglas Elliman has agreed to a settlement to resolve specific brokerage commission litigation, committing to an initial payment of $7.75M within 30 business days following preliminary court approval, and potentially two more payments of $5M each between Dec. 31, 2025, and Dec. 31, 2027.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 12:10 pm

Douglas Elliman (NYSE:DOUG) reported Q4 earnings with an EPS of $-0.18, missing estimates by -125.0% against an expected $-0.08. Revenue increased by $6.81 million from the same period last year. Despite beating EPS estimates in Q3 2023, the share price dropped by 3.0% the following day. Historical earnings performance shows mixed results over the past quarters.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 9:50 pm

Douglas Elliman (NYSE:DOUG) reported Q4 2023 adjusted EPS of $(0.180), missing the $(0.080) estimate, with sales of $214.136M also missing the $229.758M estimate. This represents a 3.28% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 9:45 pm

Numerous companies are scheduled to report their earnings on February 29, 2024, covering a wide range of industries from technology to healthcare. This includes both expected quarterly profits and losses, with significant revenues anticipated for some. The diversity of sectors represented, from energy to financial services, highlights the broad economic implications of these reports.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 10:15 am

Douglas Elliman (NYSE:DOUG) is scheduled to release its quarterly earnings report on Thursday, 2024-02-29, with analysts expecting an EPS of $-0.08. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's beat resulting in a 3.24% drop. Shares are currently trading at $1.77, down 55.57% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 8:01 pm

Three real estate stocks, Compass Inc. (COMP), Redfin Corporation (RDFN), and Douglas Elliman Inc. (DOUG), are showing overbought signals with RSI values above 70, indicating potential short-term performance concerns. COMP, RDFN, and DOUG have seen significant price increases over the past month, despite mixed quarterly results.

Portfolio Pulse from Avi Kapoor

December 27, 2023 | 1:15 pm

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