Equities analysts forecast that AppFolio, Inc. (NASDAQ:APPF) will post $93.43 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for AppFolio’s earnings, with estimates ranging from $92.20 million to $94.66 million. AppFolio posted sales of $84.09 million during the same quarter last year, which would indicate a positive year over year growth rate of 11.1%. The company is expected to report its next quarterly earnings report on Monday, November 8th.
According to Zacks, analysts expect that AppFolio will report full year sales of $352.87 million for the current year, with estimates ranging from $352.70 million to $353.04 million. For the next fiscal year, analysts anticipate that the business will post sales of $421.87 million, with estimates ranging from $419.60 million to $424.15 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for AppFolio.
AppFolio (NASDAQ:APPF) last posted its earnings results on Sunday, August 8th. The software maker reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.04). The firm had revenue of $89.04 million for the quarter, compared to analysts’ expectations of $89.43 million. AppFolio had a net margin of 43.04% and a return on equity of 48.85%.
Several hedge funds have recently made changes to their positions in the company. Parametric Portfolio Associates LLC lifted its holdings in shares of AppFolio by 23.2% during the second quarter. Parametric Portfolio Associates LLC now owns 14,012 shares of the software maker’s stock worth $1,978,000 after purchasing an additional 2,641 shares during the period. Marshall Wace LLP increased its holdings in shares of AppFolio by 177.8% in the 2nd quarter. Marshall Wace LLP now owns 18,041 shares of the software maker’s stock valued at $2,547,000 after acquiring an additional 11,547 shares during the last quarter. Jefferies Group LLC bought a new position in AppFolio during the 2nd quarter worth $4,126,000. Capital Impact Advisors LLC lifted its holdings in shares of AppFolio by 93.2% in the second quarter. Capital Impact Advisors LLC now owns 18,658 shares of the software maker’s stock valued at $2,635,000 after buying an additional 9,000 shares during the period. Finally, Invesco Ltd. raised its position in shares of AppFolio by 42.6% during the second quarter. Invesco Ltd. now owns 6,572 shares of the software maker’s stock worth $928,000 after purchasing an additional 1,964 shares during the period. 46.50% of the stock is currently owned by hedge funds and other institutional investors.
AppFolio stock traded down $4.69 during midday trading on Friday, hitting $118.30. 51,876 shares of the company were exchanged, compared to its average volume of 141,320. AppFolio has a fifty-two week low of $110.22 and a fifty-two week high of $186.59. The company has a market cap of $4.09 billion, a PE ratio of 30.31 and a beta of 1.07. The company’s fifty day moving average price is $128.89 and its 200-day moving average price is $135.20.
AppFolio, Inc engages in the provision of cloud-based software solutions. The firm caters to small and medium-sized businesses in the property management and legal industries. It offers the following solutions: AppFolio Property Manager, Tenant Screening Services, Maintenance Contact Center, Premium Leads, Tenant Debt Collections and MyCase.
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