Brokerages Expect RealPage Inc (NASDAQ:RP) to Announce $0.47 EPS

Equities research analysts predict that RealPage Inc (NASDAQ:RP) will report $0.47 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for RealPage’s earnings. RealPage posted earnings of $0.39 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 20.5%. The company is expected to announce its next earnings report on Monday, February 24th.

On average, analysts expect that RealPage will report full-year earnings of $1.75 per share for the current year, with EPS estimates ranging from $1.75 to $1.76. For the next financial year, analysts forecast that the company will report earnings of $1.92 per share, with EPS estimates ranging from $1.84 to $1.96. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for RealPage.

RealPage (NASDAQ:RP) last announced its quarterly earnings results on Wednesday, November 6th. The software maker reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. The firm had revenue of $255.20 million for the quarter, compared to the consensus estimate of $254.32 million. RealPage had a net margin of 4.61% and a return on equity of 9.76%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 earnings per share.

Several research analysts have recently commented on the company. ValuEngine raised RealPage from a “sell” rating to a “hold” rating in a research note on Tuesday. Craig Hallum initiated coverage on RealPage in a research note on Thursday, August 29th. They set a “buy” rating and a $83.00 price objective for the company. Zacks Investment Research upgraded RealPage from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd. JPMorgan Chase & Co. lowered shares of RealPage from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $78.00 to $65.00 in a report on Thursday, November 7th. Finally, Benchmark cut shares of RealPage from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. RealPage has an average rating of “Hold” and an average target price of $69.43.

In other news, CEO Stephen T. Winn sold 50,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $62.85, for a total transaction of $3,142,500.00. Following the sale, the chief executive officer now owns 1,210,873 shares of the company’s stock, valued at $76,103,368.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ashley Chaffin Glover sold 19,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $54.20, for a total value of $1,029,800.00. Following the completion of the sale, the executive vice president now owns 115,179 shares in the company, valued at $6,242,701.80. The disclosure for this sale can be found here. Insiders sold 508,865 shares of company stock worth $29,565,539 in the last 90 days. Company insiders own 17.05% of the company’s stock.

A number of hedge funds have recently bought and sold shares of RP. CWM LLC grew its position in RealPage by 931.6% during the 2nd quarter. CWM LLC now owns 588 shares of the software maker’s stock worth $35,000 after purchasing an additional 531 shares during the last quarter. FTB Advisors Inc. increased its stake in RealPage by 487.8% in the 2nd quarter. FTB Advisors Inc. now owns 1,111 shares of the software maker’s stock valued at $65,000 after buying an additional 922 shares during the period. Tower Research Capital LLC TRC raised its position in RealPage by 242.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,601 shares of the software maker’s stock worth $95,000 after buying an additional 1,134 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of RealPage in the 3rd quarter valued at approximately $163,000. Finally, SG Americas Securities LLC acquired a new stake in RealPage in the second quarter valued at $186,000. Hedge funds and other institutional investors own 93.05% of the company’s stock.

RP traded up $0.11 during mid-day trading on Tuesday, reaching $55.10. 8,954 shares of the company traded hands, compared to its average volume of 639,977. RealPage has a 52-week low of $43.57 and a 52-week high of $65.92. The company’s fifty day moving average price is $57.06 and its 200-day moving average price is $60.30. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $5.22 billion, a P/E ratio of 50.15 and a beta of 1.20.

RealPage Company Profile

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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Earnings History and Estimates for RealPage (NASDAQ:RP)

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