RealPage, Inc. (RP) Expected to Announce Earnings of $0.24 Per Share
Brokerages predict that RealPage, Inc. (NASDAQ:RP) will announce earnings of $0.24 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for RealPage’s earnings, with the highest EPS estimate coming in at $0.25 and the lowest estimate coming in at $0.23. RealPage posted earnings per share of $0.22 in the same quarter last year, which suggests a positive year over year growth rate of 9.1%. The business is expected to announce its next quarterly earnings results on Monday, February 26th.
On average, analysts expect that RealPage will report full-year earnings of $0.92 per share for the current financial year, with EPS estimates ranging from $0.90 to $0.93. For the next fiscal year, analysts anticipate that the company will post earnings of $1.19 per share, with EPS estimates ranging from $1.15 to $1.24. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for RealPage.
RealPage (NASDAQ:RP) last released its earnings results on Thursday, November 2nd. The software maker reported $0.22 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.22. The company had revenue of $169.76 million during the quarter, compared to analyst estimates of $170.73 million. RealPage had a net margin of 4.52% and a return on equity of 9.89%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.20 EPS.
RP has been the topic of a number of analyst 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 reissued a “buy” rating and issued a $42.00 price objective (up from $40.00) on shares of RealPage in a report on Tuesday, July 18th. Royal Bank Of Canada reissued a “hold” rating and issued a $38.00 price objective on shares of RealPage in a report on Monday, July 24th. Stephens reissued an “overweight” rating and issued a $47.00 price objective (up from $42.00) on shares of RealPage in a report on Thursday, August 3rd. Finally, BidaskClub raised RealPage from a “hold” rating to a “buy” rating in a report on Saturday, September 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $43.14.
RealPage (NASDAQ:RP) traded up $0.60 during mid-day trading on Friday, reaching $44.60. The company’s stock had a trading volume of 957,956 shares, compared to its average volume of 389,162. The firm has a market capitalization of $3.61 billion, a P/E ratio of 79.46 and a beta of 1.09. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.78.
In other RealPage news, Director Alfred R. Berkeley III sold 3,500 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $40.30, for a total transaction of $141,050.00. Following the sale, the director now directly owns 45,038 shares of the company’s stock, valued at approximately $1,815,031.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Stephen T. Winn sold 27,930 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $39.43, for a total transaction of $1,101,279.90. Following the sale, the chief executive officer now directly owns 3,352,600 shares in the company, valued at $132,193,018. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,990,789 shares of company stock valued at $80,339,434. Insiders own 33.24% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. UBS Asset Management Americas Inc. increased its stake in shares of RealPage by 170.8% in the first quarter. UBS Asset Management Americas Inc. now owns 28,156 shares of the software maker’s stock worth $983,000 after acquiring an additional 17,757 shares during the last quarter. JPMorgan Chase & Co. raised its position in RealPage by 49.6% in the first quarter. JPMorgan Chase & Co. now owns 115,173 shares of the software maker’s stock worth $4,020,000 after purchasing an additional 38,188 shares in the last quarter. California Public Employees Retirement System raised its position in RealPage by 2.2% in the first quarter. California Public Employees Retirement System now owns 165,200 shares of the software maker’s stock worth $5,765,000 after purchasing an additional 3,600 shares in the last quarter. Legal & General Group Plc raised its position in RealPage by 2.0% in the first quarter. Legal & General Group Plc now owns 21,017 shares of the software maker’s stock worth $733,000 after purchasing an additional 402 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in RealPage by 4.6% in the first quarter. Vanguard Group Inc. now owns 4,437,066 shares of the software maker’s stock worth $154,855,000 after purchasing an additional 197,060 shares in the last quarter. 70.59% of the stock is currently owned by institutional investors.
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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