Equities analysts expect RealPage Inc (NASDAQ:RP) to report sales of $187.19 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for RealPage’s earnings. The lowest sales estimate is $184.67 million and the highest is $189.20 million. RealPage posted sales of $148.88 million during the same quarter last year, which suggests a positive year-over-year growth rate of 25.7%. The firm is expected to report its next quarterly earnings results on Monday, February 26th.
According to Zacks, analysts expect that RealPage will report full year sales of $187.19 million for the current year, with estimates ranging from $670.30 million to $673.40 million. For the next financial year, analysts forecast that the company will post sales of $832.56 million per share, with estimates ranging from $814.12 million to $850.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover RealPage.
RealPage (NASDAQ:RP) last announced its quarterly earnings results on Thursday, November 2nd. The software maker reported $0.22 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.22. The company had revenue of $169.76 million for the quarter, compared to analyst estimates of $170.73 million. RealPage had a net margin of 4.52% and a return on equity of 9.51%. RealPage’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter last year, the business earned $0.20 EPS.
RP has been the topic of several recent research reports. Stephens lifted their target price on shares of RealPage from $50.00 to $54.00 and gave the company an “overweight” rating in a report on Friday. BidaskClub lowered shares of RealPage from a “buy” rating to a “hold” rating in a report on Thursday, December 14th. Morgan Stanley initiated coverage on shares of RealPage in a report on Monday, November 20th. They set an “equal weight” rating and a $48.00 target price on the stock. KeyCorp initiated coverage on shares of RealPage in a report on Thursday, September 7th. They set an “overweight” rating and a $50.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of RealPage from a “sell” rating to a “hold” rating in a report on Tuesday, September 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. RealPage presently has a consensus rating of “Hold” and a consensus price target of $47.57.
In other news, EVP William P. Chaney sold 1,000 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $45.00, for a total value of $45,000.00. Following the completion of the sale, the executive vice president now owns 172,904 shares of the company’s stock, valued at approximately $7,780,680. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO W Bryan Hill sold 8,000 shares of the business’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $42.09, for a total transaction of $336,720.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,266,402 shares of company stock worth $101,022,513 in the last ninety days. 30.31% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Martingale Asset Management L P increased its position in shares of RealPage by 1.4% in the 2nd quarter. Martingale Asset Management L P now owns 7,214 shares of the software maker’s stock worth $260,000 after purchasing an additional 100 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of RealPage by 0.3% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 38,088 shares of the software maker’s stock valued at $1,369,000 after buying an additional 100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of RealPage by 10.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock valued at $102,000 after buying an additional 272 shares during the period. Albion Financial Group UT boosted its holdings in shares of RealPage by 1.3% in the 2nd quarter. Albion Financial Group UT now owns 22,967 shares of the software maker’s stock valued at $826,000 after buying an additional 290 shares during the period. Finally, Ameritas Investment Partners Inc. boosted its holdings in shares of RealPage by 10.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,153 shares of the software maker’s stock valued at $185,000 after buying an additional 485 shares during the period. 73.58% of the stock is owned by institutional investors.
RealPage (NASDAQ:RP) opened at $44.30 on Friday. The firm has a market cap of $3,690.00, a price-to-earnings ratio of 126.57 and a beta of 1.08. RealPage has a 1-year low of $28.00 and a 1-year high of $46.80. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.76.
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RealPage, Inc is a provider of technology to the real estate industry, helping owners, managers and investors. The Company’s property management solutions are referred to as Enterprise Resource Planning systems. Its on demand platform provides a single point of access and a repository of real-time lease transaction data, including prospect, renter and property data.
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