Zacks: Brokerages Anticipate AppFolio Inc (APPF) Will Announce Earnings of $0.09 Per Share
Equities analysts expect AppFolio Inc (NASDAQ:APPF) to announce $0.09 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for AppFolio’s earnings. The lowest EPS estimate is $0.04 and the highest is $0.13. The company is scheduled to issue its next earnings results on Monday, February 26th.
On average, analysts expect that AppFolio will report full-year earnings of $0.41 per share for the current fiscal year, with EPS estimates ranging from $0.36 to $0.45. For the next year, analysts anticipate that the firm will post earnings of $0.59 per share, with EPS estimates ranging from $0.33 to $0.91. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover AppFolio.
AppFolio (NASDAQ:APPF) last announced its quarterly earnings data on Monday, November 6th. The software maker reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.03. The business had revenue of $37.90 million for the quarter, compared to the consensus estimate of $36.16 million. AppFolio had a net margin of 4.37% and a return on equity of 7.91%. The company’s revenue was up 34.6% on a year-over-year basis.
Shares of AppFolio (NASDAQ:APPF) opened at $41.65 on Tuesday. The stock has a market cap of $1,410.46, a price-to-earnings ratio of 259.69 and a beta of 0.61. AppFolio has a 52 week low of $21.63 and a 52 week high of $52.25.
In related news, insider Jonathan Walker sold 30,000 shares of AppFolio stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $44.58, for a total value of $1,337,400.00. Following the completion of the transaction, the insider now directly owns 1,554,025 shares of the company’s stock, valued at $69,278,434.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Janet Kerr sold 1,576 shares of AppFolio stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $43.08, for a total value of $67,894.08. Following the completion of the transaction, the director now directly owns 17,189 shares of the company’s stock, valued at $740,502.12. The disclosure for this sale can be found here. Insiders own 44.77% of the company’s stock.
Large investors have recently made changes to their positions in the business. Sei Investments Co. raised its holdings in AppFolio by 50,928.6% during the 2nd quarter. Sei Investments Co. now owns 3,572 shares of the software maker’s stock worth $117,000 after purchasing an additional 3,565 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in AppFolio during the 2nd quarter worth about $178,000. Parametric Portfolio Associates LLC bought a new stake in AppFolio during the 2nd quarter worth about $214,000. Cubist Systematic Strategies LLC bought a new stake in AppFolio during the 3rd quarter worth about $236,000. Finally, Bessemer Group Inc. bought a new stake in AppFolio during the 2nd quarter worth about $241,000. 24.85% of the stock is owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION NOTICE: This report was posted by American Banking News and is the property of of American Banking News. If you are reading this report on another publication, it was illegally stolen and republished in violation of US and international trademark & copyright law. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/12/12/zacks-brokerages-anticipate-appfolio-inc-appf-will-announce-earnings-of-0-09-per-share.html.
AppFolio Company Profile
AppFolio, Inc is a provider of industry-specific, cloud-based software solutions for small and medium-sized businesses (SMBs) in the property management and legal industries. The Company’s mobile-optimized software solutions enable its customers to work at any time and from anywhere across multiple devices.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for AppFolio Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AppFolio Inc and related companies with MarketBeat.com's FREE daily email newsletter.