RealPage, Inc. (RP) Issues Q4 Earnings Guidance
RealPage, Inc. (NASDAQ:RP) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $0.25-0.26 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.25. The company issued revenue guidance of $183.2-186.2 million, compared to the consensus revenue estimate of $186.00 million.RealPage also updated its FY17 guidance to $0.91-0.92 EPS.
A number of equities analysts recently commented on the stock. Benchmark Co. raised their price objective on shares of RealPage from $43.00 to $51.00 and gave the stock a buy rating in a research note on Wednesday. Royal Bank Of Canada reaffirmed a sector perform rating and issued a $42.00 price objective (up previously from $38.00) on shares of RealPage in a research note on Wednesday, August 9th. Zacks Investment Research lowered shares of RealPage from a hold rating to a sell rating in a research note on Wednesday, August 9th. Deutsche Bank AG reaffirmed a buy rating and issued a $45.00 price objective (up previously from $42.00) on shares of RealPage in a research note on Wednesday, August 9th. Finally, BidaskClub raised shares of RealPage from a hold rating to a buy rating in a research note on Saturday, October 7th. One 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. RealPage presently has a consensus rating of Buy and a consensus price target of $43.14.
RealPage (NASDAQ:RP) last posted its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $160.02 million. During the same period in the prior year, the firm posted $0.18 earnings per share. The company’s quarterly revenue was up 13.2% compared to the same quarter last year.
In other news, EVP William P. Chaney sold 15,000 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $41.30, for a total value of $619,500.00. Following the transaction, the executive vice president now directly owns 196,339 shares of the company’s stock, valued at $8,108,800.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andrew Blount sold 17,500 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $39.87, for a total transaction of $697,725.00. Following the completion of the transaction, the executive vice president now directly owns 179,857 shares in the company, valued at $7,170,898.59. The disclosure for this sale can be found here. Insiders have sold 1,990,789 shares of company stock worth $80,339,434 over the last ninety days. Insiders own 33.24% of the company’s stock.
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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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