RealPage (NASDAQ:RP) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.37-0.38 for the period, compared to the Thomson Reuters consensus estimate of $0.37. The company issued revenue guidance of $227.5-230.5 million, compared to the consensus revenue estimate of $231.60 million.
NASDAQ RP traded up $1.89 during trading on Thursday, reaching $54.89. The company’s stock had a trading volume of 1,575,000 shares, compared to its average volume of 652,033. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $4.85 billion, a P/E ratio of 153.13 and a beta of 1.12. RealPage has a 12 month low of $41.10 and a 12 month high of $66.25.
RealPage (NASDAQ:RP) last posted its quarterly earnings data on Thursday, August 2nd. The software maker reported $0.37 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.37. The firm had revenue of $216.36 million during the quarter, compared to the consensus estimate of $215.14 million. RealPage had a net margin of 0.69% and a return on equity of 10.56%. The business’s revenue for the quarter was up 33.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.23 EPS. Equities analysts expect that RealPage will post 1.03 EPS for the current year.
RP has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of RealPage from a hold rating to a sell rating in a report on Wednesday, July 11th. BidaskClub downgraded shares of RealPage from a strong-buy rating to a buy rating in a report on Thursday, October 11th. Royal Bank of Canada upped their price target on shares of RealPage to $64.00 and gave the stock a sector perform rating in a report on Friday, August 3rd. Finally, KeyCorp upped their price target on shares of RealPage from $65.00 to $67.00 and gave the stock an overweight rating in a report on Friday, August 3rd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $64.63.
In related news, Director Alfred R. Berkeley III sold 4,000 shares of the stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $59.23, for a total value of $236,920.00. Following the completion of the transaction, the director now owns 35,881 shares of the company’s stock, valued at approximately $2,125,231.63. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Stephen T. Winn sold 494,968 shares of the stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $61.05, for a total transaction of $30,217,796.40. Following the completion of the transaction, the chairman now directly owns 1,336,783 shares of the company’s stock, valued at approximately $81,610,602.15. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,485,412 shares of company stock valued at $153,814,920. 24.91% of the stock is currently owned by insiders.
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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