Analysts expect that AppFolio Inc (NASDAQ:APPF) will announce $0.23 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have provided estimates for AppFolio’s earnings. AppFolio posted earnings per share of $0.12 in the same quarter last year, which would indicate a positive year over year growth rate of 91.7%. The company is scheduled to issue its next quarterly earnings report on Monday, February 25th.
According to Zacks, analysts expect that AppFolio will report full-year earnings of $0.88 per share for the current year. For the next financial year, analysts expect that the business will post earnings of $1.40 per share. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow AppFolio.
AppFolio (NASDAQ:APPF) last released its quarterly earnings data on Monday, October 29th. The software maker reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.05). AppFolio had a return on equity of 20.57% and a net margin of 11.20%. The business had revenue of $50.13 million during the quarter, compared to the consensus estimate of $47.72 million. The firm’s revenue was up 32.2% on a year-over-year basis.
Several brokerages have commented on APPF. TheStreet downgraded shares of AppFolio from a “b-” rating to a “c+” rating in a report on Thursday, November 1st. Zacks Investment Research downgraded shares of AppFolio from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. BidaskClub downgraded shares of AppFolio from a “hold” rating to a “sell” rating in a report on Friday, October 12th. Finally, Morgan Stanley raised their price target on shares of AppFolio from $52.00 to $56.00 and gave the company a “sell” rating in a report on Tuesday, July 31st. Three investment analysts have rated the stock with a sell rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $70.50.
In other news, insider Jonathan Walker sold 30,000 shares of AppFolio stock in a transaction on Thursday, October 4th. The shares were sold at an average price of $73.03, for a total transaction of $2,190,900.00. Following the completion of the sale, the insider now directly owns 30,000 shares of the company’s stock, valued at approximately $2,190,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William R. Rauth III sold 20,000 shares of AppFolio stock in a transaction on Monday, October 15th. The stock was sold at an average price of $63.40, for a total transaction of $1,268,000.00. Following the sale, the director now directly owns 20,000 shares of the company’s stock, valued at $1,268,000. The disclosure for this sale can be found here. 41.96% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in AppFolio by 4.1% during the third quarter. BlackRock Inc. now owns 932,112 shares of the software maker’s stock worth $73,079,000 after acquiring an additional 37,125 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in AppFolio by 46.9% during the third quarter. Bank of New York Mellon Corp now owns 113,918 shares of the software maker’s stock worth $8,931,000 after acquiring an additional 36,381 shares in the last quarter. Granite Investment Partners LLC boosted its stake in AppFolio by 4.3% during the third quarter. Granite Investment Partners LLC now owns 273,636 shares of the software maker’s stock worth $21,453,000 after acquiring an additional 11,238 shares in the last quarter. EAM Investors LLC bought a new stake in AppFolio during the third quarter worth about $2,579,000. Finally, DE Burlo Group Inc. boosted its stake in AppFolio by 34.3% during the third quarter. DE Burlo Group Inc. now owns 64,200 shares of the software maker’s stock worth $5,033,000 after acquiring an additional 16,400 shares in the last quarter. 30.02% of the stock is owned by institutional investors.
Shares of NASDAQ:APPF opened at $59.49 on Friday. AppFolio has a one year low of $37.56 and a one year high of $91.49. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 212.46 and a beta of 1.41.
AppFolio, Inc provides industry-specific cloud-based software solutions for small and medium-sized businesses in the property management and legal industries. It offers AppFolio Property Manager, a cloud-based software solution for the real estate market that provides property managers of various sizes and tools and services designed to streamline their property management businesses, such as posting and tracking vacancies, leasing vacant properties, and accounting, as well as facilitating tenant, owner, and vendor communications.
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