RealPage, Inc. (RP) Issues FY17 Earnings Guidance
RealPage, Inc. (NASDAQ:RP) issued an update on its FY17 earnings guidance on Thursday morning. The company provided EPS guidance of $0.91-0.92 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.92. The company issued revenue guidance of $668.8-671.8 million, compared to the consensus revenue estimate of $671.69 million.RealPage also updated its Q4 guidance to $0.25-0.26 EPS.
RealPage (NASDAQ:RP) last posted its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.23 earnings per share (EPS) for the quarter, beating 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 company 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. RealPage’s revenue was up 13.2% compared to the same quarter last year.
A number of equities research analysts have weighed in on RP shares. Zacks Investment Research lowered RealPage from a hold rating to a sell rating in a research report on Tuesday, September 12th. Deutsche Bank AG reaffirmed a buy rating and set a $42.00 target price (up from $40.00) on shares of RealPage in a research report on Tuesday, July 18th. BidaskClub raised RealPage from a hold rating to a buy rating in a research report on Saturday, September 2nd. Royal Bank Of Canada reaffirmed a hold rating and set a $42.00 target price on shares of RealPage in a research report on Monday, September 11th. Finally, KeyCorp started coverage on RealPage in a research report on Thursday, September 7th. They set an overweight rating and a $50.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. RealPage presently has an average rating of Buy and an average target price of $43.14.
In other news, CFO W Bryan Hill sold 8,000 shares of the business’s stock in a transaction 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 Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andrew Blount sold 17,500 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $39.87, for a total value of $697,725.00. Following the completion of the transaction, the executive vice president now directly owns 179,857 shares of the company’s stock, valued at $7,170,898.59. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,990,789 shares of company stock valued at $80,339,434. Corporate insiders own 33.24% of the company’s stock.
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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