RealPage (NASDAQ:RP) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.44-0.46 for the period, compared to the Thomson Reuters consensus estimate of $0.45. The company issued revenue guidance of $253-255 million, compared to the consensus revenue estimate of $254.21 million.RealPage also updated its FY19 guidance to $1.73-1.77 EPS.
Several brokerages recently weighed in on RP. Zacks Investment Research cut shares of RealPage from a buy rating to a hold rating in a report on Wednesday, July 10th. ValuEngine cut shares of RealPage from a buy rating to a hold rating in a report on Saturday, May 4th. KeyCorp began coverage on shares of RealPage in a report on Tuesday, July 16th. They issued an overweight rating and a $76.00 target price on the stock. BidaskClub raised shares of RealPage from a hold rating to a buy rating in a report on Saturday, July 27th. Finally, Keefe, Bruyette & Woods began coverage on shares of RealPage in a report on Tuesday, July 9th. They issued an outperform rating and a $74.00 target price on the stock. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $66.67.
NASDAQ:RP traded down $1.47 during mid-day trading on Friday, hitting $60.88. The stock had a trading volume of 1,474,897 shares, compared to its average volume of 647,169. The firm’s 50-day simple moving average is $61.45. The company has a market capitalization of $5.90 billion, a P/E ratio of 55.35 and a beta of 1.31. RealPage has a twelve month low of $42.90 and a twelve month high of $66.25. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.36.
RealPage (NASDAQ:RP) last issued its earnings results on Thursday, August 1st. The software maker reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.14. The firm had revenue of $244.00 million for the quarter, compared to analysts’ expectations of $243.21 million. RealPage had a net margin of 4.48% and a return on equity of 9.97%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.37 earnings per share. As a group, equities analysts anticipate that RealPage will post 1.25 EPS for the current fiscal year.
In other RealPage news, CEO Stephen T. Winn sold 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $59.21, for a total transaction of $8,881,500.00. Following the sale, the chief executive officer now owns 1,217,538 shares of the company’s stock, valued at $72,090,424.98. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Seren Capital, Ltd. sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $59.90, for a total transaction of $11,980,000.00. Following the sale, the insider now directly owns 10,165,109 shares in the company, valued at approximately $608,890,029.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 981,793 shares of company stock worth $57,315,347. 17.05% of the stock is owned by corporate 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, an on demand property management system for single-family properties, and small and centrally managed multifamily properties.
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