RealPage (NASDAQ:RP) updated its FY19 earnings guidance on Thursday. The company provided EPS guidance of $1.73-1.77 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.76. The company issued revenue guidance of $987-995 million, compared to the consensus revenue estimate of $991.41 million.RealPage also updated its Q3 guidance to $0.44-0.46 EPS.
A number of research analysts have weighed in on the company. ValuEngine lowered RealPage from a buy rating to a hold rating in a report on Saturday, May 4th. BidaskClub raised RealPage from a hold rating to a buy rating in a report on Saturday, July 27th. Keefe, Bruyette & Woods assumed coverage on RealPage in a report on Tuesday, July 9th. They set an outperform rating and a $74.00 target price for the company. KeyCorp assumed coverage on RealPage in a report on Tuesday, July 16th. They set an overweight rating and a $76.00 target price for the company. Finally, Zacks Investment Research lowered RealPage from a buy rating to a hold rating in a report on Wednesday, July 10th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $66.67.
Shares of NASDAQ RP traded down $1.47 during midday trading on Friday, hitting $60.88. 1,474,897 shares of the company’s stock were exchanged, compared to its average volume of 597,849. RealPage has a 12-month low of $42.90 and a 12-month high of $66.25. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $5.91 billion, a P/E ratio of 55.35 and a beta of 1.31. The firm has a fifty day moving average price of $61.45.
RealPage (NASDAQ:RP) last issued its quarterly earnings data on Thursday, August 1st. The software maker reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.14. RealPage had a return on equity of 9.48% and a net margin of 3.89%. The company had revenue of $244.00 million during the quarter, compared to analyst estimates of $243.21 million. During the same quarter in the previous year, the firm earned $0.37 earnings per share. RealPage’s revenue was up 12.8% on a year-over-year basis. On average, equities research analysts forecast that RealPage will post 1.25 earnings per share for the current year.
In other news, CEO Stephen T. Winn sold 150,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $59.21, for a total transaction of $8,881,500.00. Following the completion of the transaction, the chief executive officer now owns 1,217,538 shares of the company’s stock, valued at $72,090,424.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Seren Capital, Ltd. sold 200,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $59.90, for a total value of $11,980,000.00. Following the transaction, the insider now directly owns 10,165,109 shares of the company’s stock, valued at approximately $608,890,029.10. The disclosure for this sale can be found here. Insiders have sold 981,793 shares of company stock valued at $57,315,347 in the last three months. 17.05% of the stock is owned by insiders.
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, an on demand property management system for single-family properties, and small and centrally managed multifamily properties.
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