AppFolio (APPF) Set to Announce Earnings on Wednesday
AppFolio (NASDAQ:APPF) is set to release its earnings data after the market closes on Wednesday, February 7th.
AppFolio (NASDAQ:APPF) last posted its quarterly earnings results on Monday, November 6th. The software maker reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.03. The company had revenue of $37.90 million for the quarter, compared to the consensus estimate of $36.16 million. AppFolio had a net margin of 4.37% and a return on equity of 7.91%. The company’s quarterly revenue was up 34.6% on a year-over-year basis. On average, analysts expect AppFolio to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
AppFolio (NASDAQ:APPF) opened at $39.25 on Tuesday. The firm has a market cap of $1,330.00 and a P/E ratio of 230.88. AppFolio has a one year low of $22.53 and a one year high of $52.25.
A number of research firms have weighed in on APPF. Zacks Investment Research downgraded shares of AppFolio from a “hold” rating to a “sell” rating in a research note on Thursday, February 1st. Morgan Stanley increased their price target on shares of AppFolio from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 30th. KeyCorp reissued a “hold” rating on shares of AppFolio in a research note on Monday, November 6th. Finally, BidaskClub downgraded shares of AppFolio from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 27th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $44.33.
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AppFolio, Inc is a provider of industry-specific, cloud-based software solutions for small and medium-sized businesses (SMBs) in the property management and legal industries. The Company’s mobile-optimized software solutions enable its customers to work at any time and from anywhere across multiple devices.
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