AppFolio Inc (APPF) Expected to Post Earnings of $0.15 Per Share

Equities research analysts expect AppFolio Inc (NASDAQ:APPF) to post earnings of $0.15 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for AppFolio’s earnings, with the highest EPS estimate coming in at $0.21 and the lowest estimate coming in at $0.12. AppFolio reported earnings of $0.24 per share in the same quarter last year, which indicates a negative year over year growth rate of 37.5%. The firm is expected to announce its next earnings report on Monday, July 29th.

On average, analysts expect that AppFolio will report full-year earnings of $0.59 per share for the current fiscal year, with EPS estimates ranging from $0.52 to $0.67. For the next year, analysts forecast that the business will post earnings of $0.93 per share, with EPS estimates ranging from $0.68 to $1.20. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow AppFolio.

AppFolio (NASDAQ:APPF) last posted its earnings results on Thursday, February 28th. The software maker reported $0.07 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.06). The company had revenue of $50.37 million for the quarter, compared to analyst estimates of $48.06 million. AppFolio had a return on equity of 19.56% and a net margin of 9.46%.



Several analysts recently commented on APPF shares. Morgan Stanley raised their target price on AppFolio from $56.00 to $61.00 and gave the stock an “underweight” rating in a report on Monday, March 4th. Zacks Investment Research raised AppFolio from a “hold” rating to a “strong-buy” rating and set a $108.00 target price on the stock in a report on Monday, May 6th. BidaskClub raised AppFolio from a “buy” rating to a “strong-buy” rating in a report on Friday, March 15th. William Blair reiterated an “outperform” rating on shares of AppFolio in a research report on Friday, May 3rd. Finally, DA Davidson increased their price target on AppFolio to $73.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. AppFolio has an average rating of “Hold” and a consensus target price of $87.67.

AppFolio stock opened at $92.97 on Friday. The stock has a market cap of $3.13 billion, a P/E ratio of 167.36 and a beta of 1.31. AppFolio has a 52 week low of $51.15 and a 52 week high of $98.65. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.71.

In other AppFolio news, Director William R. Rauth III sold 20,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $96.11, for a total transaction of $1,922,200.00. Following the transaction, the director now owns 20,000 shares in the company, valued at $1,922,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ida Kathleen Kane sold 5,000 shares of the stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $81.70, for a total value of $408,500.00. Following the transaction, the chief financial officer now owns 5,000 shares in the company, valued at approximately $408,500. The disclosure for this sale can be found here. Insiders have sold 27,500 shares of company stock worth $2,563,925 in the last quarter. 42.46% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc boosted its position in AppFolio by 34.1% during the third quarter. Vanguard Group Inc now owns 1,668,897 shares of the software maker’s stock worth $130,842,000 after purchasing an additional 424,004 shares in the last quarter. Vanguard Group Inc. boosted its position in AppFolio by 34.1% during the third quarter. Vanguard Group Inc. now owns 1,668,897 shares of the software maker’s stock worth $130,842,000 after purchasing an additional 424,004 shares in the last quarter. BlackRock Inc. boosted its position in AppFolio by 6.3% during the fourth quarter. BlackRock Inc. now owns 990,684 shares of the software maker’s stock worth $58,668,000 after purchasing an additional 58,572 shares in the last quarter. Granite Investment Partners LLC boosted its position in AppFolio by 18.3% during the first quarter. Granite Investment Partners LLC now owns 291,070 shares of the software maker’s stock worth $23,111,000 after purchasing an additional 45,127 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in AppFolio by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 269,606 shares of the software maker’s stock worth $21,406,000 after purchasing an additional 1,284 shares in the last quarter. Institutional investors own 30.72% of the company’s stock.

About AppFolio

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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Earnings History and Estimates for AppFolio (NASDAQ:APPF)

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