$172.50 Million in Sales Expected for RealPage, Inc. (RP) This Quarter
Equities research analysts predict that RealPage, Inc. (NASDAQ:RP) will report sales of $172.50 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for RealPage’s earnings. The highest sales estimate is $173.00 million and the lowest is $172.00 million. RealPage reported sales of $147.79 million during the same quarter last year, which would suggest a positive year over year growth rate of 16.7%. The firm is scheduled to announce its next earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that RealPage will report full-year sales of $172.50 million for the current year. For the next year, analysts anticipate that the business will report sales of $787.65 million per share, with estimates ranging from $770.30 million to $805.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow RealPage.
RealPage (NASDAQ:RP) last issued its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. RealPage had a net margin of 4.25% and a return on equity of 10.26%. The firm had revenue of $161.30 million during the quarter, compared to analyst estimates of $160.02 million. During the same quarter in the prior year, the business posted $0.18 earnings per share. RealPage’s revenue for the quarter was up 13.2% compared to the same quarter last year.
A number of research firms have recently issued reports on RP. Royal Bank Of Canada reissued a “sector perform” rating and issued a $42.00 price target (up from $38.00) on shares of RealPage in a research report on Wednesday, August 9th. Zacks Investment Research lowered shares of RealPage from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Deutsche Bank AG reissued a “buy” rating and issued a $45.00 price target (up from $42.00) on shares of RealPage in a research report on Wednesday, August 9th. Stephens reissued an “overweight” rating and issued a $47.00 price target (up from $42.00) on shares of RealPage in a research report on Thursday, August 3rd. Finally, JMP Securities reissued an “outperform” rating and issued a $43.00 price target on shares of RealPage in a research report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. RealPage has an average rating of “Buy” and an average price target of $41.29.
RealPage (NASDAQ RP) opened at 41.85 on Friday. RealPage has a 12 month low of $23.69 and a 12 month high of $43.65. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 130.78 and a beta of 1.06. The company’s 50-day moving average is $40.61 and its 200 day moving average is $36.97.
In related news, EVP William P. Chaney sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $41.19, for a total transaction of $205,950.00. Following the transaction, the executive vice president now owns 191,339 shares of the company’s stock, valued at $7,881,253.41. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP William P. Chaney sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $41.30, for a total transaction of $619,500.00. Following the transaction, the executive vice president now directly owns 196,339 shares in the company, valued at approximately $8,108,800.70. The disclosure for this sale can be found here. Insiders sold 1,658,454 shares of company stock valued at $64,670,970 over the last three months. 33.24% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Nationwide Fund Advisors raised its position in shares of RealPage by 1.7% in the first quarter. Nationwide Fund Advisors now owns 56,963 shares of the software maker’s stock valued at $1,988,000 after purchasing an additional 948 shares during the period. Russell Investments Group Ltd. raised its position in shares of RealPage by 94.3% in the first quarter. Russell Investments Group Ltd. now owns 236,444 shares of the software maker’s stock valued at $8,251,000 after purchasing an additional 114,737 shares during the period. Wells Fargo & Company MN raised its position in shares of RealPage by 21.6% in the first quarter. Wells Fargo & Company MN now owns 166,045 shares of the software maker’s stock valued at $5,795,000 after purchasing an additional 29,468 shares during the period. Capital Fund Management S.A. bought a new position in shares of RealPage in the first quarter valued at approximately $244,000. Finally, Swiss National Bank raised its position in shares of RealPage by 1.3% in the first quarter. Swiss National Bank now owns 92,800 shares of the software maker’s stock valued at $3,239,000 after purchasing an additional 1,200 shares during the period. 70.49% of the stock is currently owned by hedge funds and other institutional investors.
RealPage Company Profile
RealPage, Inc is a provider of technology to the real estate industry, helping owners, managers and investors. The Company’s property management solutions are referred to as Enterprise Resource Planning systems. Its on demand platform provides a single point of access and a repository of real-time lease transaction data, including prospect, renter and property data.
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