RealPage, Inc. (RP) to Release Earnings on Wednesday
RealPage, Inc. (NASDAQ:RP) will be posting its quarterly earnings results after the market closes on Wednesday, November 1st. RealPage has set its Q3 guidance at $0.23-0.24 EPS and its FY17 guidance at $0.89-0.93 EPS.
RealPage (NASDAQ:RP) last issued its earnings results on Wednesday, August 2nd. The software maker reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. RealPage had a return on equity of 10.26% and a net margin of 4.25%. The business had revenue of $161.30 million during the quarter, compared to analysts’ expectations of $160.02 million. During the same quarter in the previous year, the business earned $0.18 EPS. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, analysts expect RealPage to post $0.57 EPS for the current fiscal year and $0.76 EPS for the next fiscal year.
Shares of RealPage, Inc. (RP) opened at 43.35 on Wednesday. The stock’s 50 day moving average price is $41.17 and its 200-day moving average price is $38.41. RealPage, Inc. has a one year low of $26.45 and a one year high of $43.65. The stock has a market cap of $3.43 billion, a PE ratio of 135.47 and a beta of 1.09.
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In other RealPage news, CFO W Bryan Hill sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $42.09, for a total value of $336,720.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Stephen T. Winn sold 27,930 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $39.43, for a total value of $1,101,279.90. Following the completion of the sale, the chief executive officer now directly owns 3,352,600 shares in the company, valued at approximately $132,193,018. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,990,789 shares of company stock worth $80,339,434. 33.24% of the stock is currently owned by insiders.
RP has been the topic of several research reports. Zacks Investment Research raised RealPage from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $42.00 target price (up from $40.00) on shares of RealPage in a research report on Tuesday, July 18th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $38.00 target price on shares of RealPage in a research report on Monday, July 24th. Stephens reaffirmed an “overweight” rating and issued a $47.00 target price (up from $42.00) on shares of RealPage in a research report on Thursday, August 3rd. Finally, BidaskClub raised RealPage from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. RealPage presently has an average rating of “Buy” and a consensus price target of $41.29.
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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