Analysts Anticipate AppFolio (APPF) to Announce $0.12 Earnings Per Share

Equities research analysts expect that AppFolio (NASDAQ:APPF) will post earnings of $0.12 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for AppFolio’s earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at $0.08. AppFolio reported earnings per share of $0.04 in the same quarter last year, which would suggest a positive year over year growth rate of 200%. The business is scheduled to issue its next quarterly earnings results on Friday, May 4th.

According to Zacks, analysts expect that AppFolio will report full-year earnings of $0.62 per share for the current fiscal year, with EPS estimates ranging from $0.54 to $0.70. For the next year, analysts anticipate that the business will post earnings of $0.92 per share, with EPS estimates ranging from $0.76 to $1.08. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover AppFolio.

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AppFolio (NASDAQ:APPF) last announced its quarterly earnings results on Monday, February 26th. The software maker reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The company had revenue of $37.90 million during the quarter, compared to the consensus estimate of $35.48 million. AppFolio had a net margin of 6.76% and a return on equity of 12.48%. The company’s quarterly revenue was up 35.3% on a year-over-year basis.

A number of brokerages have issued reports on APPF. Zacks Investment Research downgraded shares of AppFolio from a “strong-buy” rating to a “hold” rating in a report on Monday, January 15th. TheStreet upgraded shares of AppFolio from a “d+” rating to a “c-” rating in a report on Monday, February 26th. BidaskClub upgraded shares of AppFolio from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Finally, Morgan Stanley boosted their target price on shares of AppFolio from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 30th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $43.67.

NASDAQ APPF traded up $1.00 on Monday, reaching $41.75. The company had a trading volume of 118,011 shares, compared to its average volume of 114,139. The company has a market cap of $1,388.27, a P/E ratio of 149.11 and a beta of 0.63. AppFolio has a 12 month low of $25.05 and a 12 month high of $52.25.

In other news, CEO Jason Robert Randall sold 25,000 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $43.00, for a total value of $1,075,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William R. Rauth III sold 20,000 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $42.53, for a total transaction of $850,600.00. Following the completion of the sale, the director now owns 20,000 shares in the company, valued at $850,600. The disclosure for this sale can be found here. Insiders own 41.96% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of AppFolio by 23.0% in the 4th quarter. BlackRock Inc. now owns 655,395 shares of the software maker’s stock worth $27,197,000 after buying an additional 122,715 shares during the last quarter. Renaissance Technologies LLC grew its holdings in AppFolio by 32.8% during the 4th quarter. Renaissance Technologies LLC now owns 472,000 shares of the software maker’s stock valued at $19,588,000 after purchasing an additional 116,600 shares during the last quarter. Millennium Management LLC grew its holdings in AppFolio by 2,664.0% during the 4th quarter. Millennium Management LLC now owns 378,975 shares of the software maker’s stock valued at $15,727,000 after purchasing an additional 365,264 shares during the last quarter. Keenan Capital LLC bought a new position in AppFolio during the 4th quarter valued at about $10,375,000. Finally, Two Sigma Advisers LP grew its holdings in AppFolio by 1.6% during the 4th quarter. Two Sigma Advisers LP now owns 190,786 shares of the software maker’s stock valued at $7,918,000 after purchasing an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 27.34% of the company’s stock.

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About AppFolio

AppFolio, Inc provides industry-specific cloud-based software solutions for small and medium-sized businesses in the property management and legal industries. It offers AppFolio Property Manager, a cloud-based software solution for the real estate market that provides property managers of various sizes and tools and services designed to streamline their property management businesses, such as posting and tracking vacancies, leasing vacant properties, and accounting, as well as facilitating tenant, owner, and vendor communications.

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Earnings History and Estimates for AppFolio (NASDAQ:APPF)

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