Brokerages expect RealPage Inc (NASDAQ:RP) to announce $242.91 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for RealPage’s earnings, with the highest sales estimate coming in at $243.00 million and the lowest estimate coming in at $242.81 million. RealPage reported sales of $216.36 million in the same quarter last year, which indicates a positive year over year growth rate of 12.3%. The company is expected to issue its next earnings report on Thursday, August 1st.
According to Zacks, analysts expect that RealPage will report full year sales of $989.80 million for the current financial year, with estimates ranging from $988.51 million to $991.30 million. For the next year, analysts forecast that the business will report sales of $1.10 billion, with estimates ranging from $1.09 billion to $1.10 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow RealPage.
RealPage (NASDAQ:RP) last issued its earnings results on Monday, May 6th. The software maker reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. RealPage had a net margin of 3.89% and a return on equity of 9.48%. The firm had revenue of $234.30 million for the quarter, compared to analyst estimates of $234.16 million. During the same quarter last year, the business posted $0.37 earnings per share. The company’s quarterly revenue was up 16.4% on a year-over-year basis.
A number of analysts have weighed in on RP shares. DA Davidson started coverage on shares of RealPage in a research report on Thursday, March 28th. They issued a “neutral” rating and a $60.00 target price on the stock. TheStreet upgraded shares of RealPage from a “c” rating to a “b-” rating in a research report on Monday, February 25th. BidaskClub upgraded shares of RealPage from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 5th. Morgan Stanley cut their target price on shares of RealPage from $63.00 to $61.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 27th. Finally, William Blair restated an “outperform” rating on shares of RealPage in a research report on Tuesday, February 26th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $66.33.
In other news, major shareholder Seren Capital, Ltd. sold 150,000 shares of RealPage stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $58.55, for a total transaction of $8,782,500.00. Following the transaction, the insider now owns 10,804,587 shares in the company, valued at $632,608,568.85. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP William P. Chaney sold 10,000 shares of RealPage stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $60.67, for a total transaction of $606,700.00. Following the transaction, the executive vice president now owns 131,631 shares in the company, valued at approximately $7,986,052.77. The disclosure for this sale can be found here. Insiders sold 1,424,931 shares of company stock worth $85,847,621 in the last 90 days. Company insiders own 17.05% of the company’s stock.
Several large investors have recently modified their holdings of the company. American Century Companies Inc. raised its stake in RealPage by 286.4% during the fourth quarter. American Century Companies Inc. now owns 2,749,074 shares of the software maker’s stock worth $132,478,000 after buying an additional 2,037,565 shares during the last quarter. Worth Venture Partners LLC bought a new position in RealPage during the fourth quarter worth $1,743,000. Norges Bank bought a new position in RealPage during the fourth quarter worth $48,700,000. Artisan Partners Limited Partnership bought a new position in RealPage during the first quarter worth $32,190,000. Finally, Scout Investments Inc. bought a new position in RealPage during the first quarter worth $29,274,000. Institutional investors own 87.78% of the company’s stock.
RealPage stock traded down $0.18 during mid-day trading on Tuesday, reaching $61.23. The company had a trading volume of 14,707 shares, compared to its average volume of 729,030. RealPage has a fifty-two week low of $42.90 and a fifty-two week high of $66.25. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.78 and a quick ratio of 0.78. The firm has a market capitalization of $5.68 billion, a P/E ratio of 55.59 and a beta of 1.50.
RealPage, Inc provides software and data analytics for the real estate industry in the United States. It offers OneSite, a property management solution for multi-family, affordable property, rural housing, military housing, senior and student living, and commercial property types; and Propertyware, an on demand property management system for single-family properties, and small and centrally managed multifamily properties.
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