Equities analysts forecast that RealPage (NASDAQ:RP) will announce earnings of $0.34 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for RealPage’s earnings. RealPage posted earnings of $0.22 per share during the same quarter last year, which indicates a positive year over year growth rate of 54.5%. The business is expected to announce its next quarterly earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that RealPage will report full year earnings of $1.45 per share for the current financial year, with EPS estimates ranging from $1.44 to $1.46. For the next year, analysts anticipate that the company will post earnings of $1.79 per share, with EPS estimates ranging from $1.71 to $1.83. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover RealPage.
RealPage (NASDAQ:RP) last released its quarterly earnings results on Tuesday, February 27th. The software maker reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). RealPage had a return on equity of 8.97% and a net margin of 0.06%. The firm had revenue of $188.39 million for the quarter, compared to the consensus estimate of $186.46 million.
Several brokerages have recently commented on RP. Royal Bank of Canada reaffirmed a “hold” rating on shares of RealPage in a research report on Thursday, March 1st. BidaskClub raised shares of RealPage from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Morgan Stanley raised shares of RealPage from an “equal weight” rating to an “overweight” rating and set a $48.00 price objective for the company in a research report on Tuesday, January 30th. TheStreet downgraded shares of RealPage from a “b” rating to a “c+” rating in a research report on Wednesday, February 28th. Finally, Deutsche Bank raised their price objective on shares of RealPage to $60.00 in a research report on Wednesday, February 28th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $54.00.
In related news, EVP Andrew Blount sold 56,200 shares of RealPage stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $51.25, for a total value of $2,880,250.00. Following the completion of the sale, the executive vice president now owns 185,958 shares of the company’s stock, valued at approximately $9,530,347.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO W Bryan Hill sold 8,000 shares of RealPage stock in a transaction on Wednesday, April 4th. The shares were sold at an average price of $50.90, for a total transaction of $407,200.00. Following the completion of the sale, the chief financial officer now directly owns 222,216 shares of the company’s stock, valued at approximately $11,310,794.40. The disclosure for this sale can be found here. In the last three months, insiders sold 1,800,546 shares of company stock valued at $94,309,877. 30.31% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in RealPage by 35.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,859 shares of the software maker’s stock valued at $171,000 after purchasing an additional 1,018 shares during the period. Bfsg LLC grew its position in RealPage by 21.2% in the 4th quarter. Bfsg LLC now owns 7,371 shares of the software maker’s stock valued at $327,000 after purchasing an additional 1,291 shares during the period. Fred Alger Management Inc. grew its position in RealPage by 1.1% in the 4th quarter. Fred Alger Management Inc. now owns 122,910 shares of the software maker’s stock valued at $5,445,000 after purchasing an additional 1,391 shares during the period. Swiss National Bank grew its position in RealPage by 1.8% in the 4th quarter. Swiss National Bank now owns 98,500 shares of the software maker’s stock valued at $4,364,000 after purchasing an additional 1,700 shares during the period. Finally, Advisor Group Inc. grew its position in RealPage by 210.9% in the 4th quarter. Advisor Group Inc. now owns 2,512 shares of the software maker’s stock valued at $111,000 after purchasing an additional 1,704 shares during the period. 79.85% of the stock is owned by institutional investors and hedge funds.
RealPage stock traded up $0.90 during mid-day trading on Monday, hitting $53.80. 194,313 shares of the stock were exchanged, compared to its average volume of 443,625. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.93 and a current ratio of 0.93. RealPage has a 12 month low of $32.30 and a 12 month high of $54.95. The firm has a market cap of $4,395.65, a price-to-earnings ratio of 149.44 and a beta of 1.08.
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RealPage Company Profile
RealPage, Inc provides software and data analytics for the real estate industry in the United States. It offers OneSite, a property management solution for multi-family, affordable property, rural housing, military housing, senior and student living, and commercial property types; and Propertyware for accounting, maintenance and work order management, marketing, spend management, portal services, and screening and payment solutions.
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