RealPage, Inc. (RP) Issues FY17 Earnings Guidance
RealPage, Inc. (NASDAQ:RP) updated its FY17 earnings guidance on Thursday. The company provided EPS guidance of $0.91-0.92 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.92. The company issued revenue guidance of $668.8-671.8 million, compared to the consensus revenue estimate of $671.69 million.RealPage also updated its Q4 guidance to $0.25-0.26 EPS.
A number of analysts have recently commented on the stock. Royal Bank Of Canada restated a sector perform rating and set a $42.00 target price (up previously from $38.00) on shares of RealPage in a report on Wednesday, August 9th. Zacks Investment Research cut shares of RealPage from a hold rating to a sell rating in a report on Wednesday, August 9th. Stephens restated an overweight rating and set a $47.00 target price (up previously from $42.00) on shares of RealPage in a report on Thursday, August 3rd. Deutsche Bank AG boosted their target price on shares of RealPage from $42.00 to $45.00 and gave the company a buy rating in a report on Thursday, August 3rd. Finally, BidaskClub upgraded shares of RealPage from a hold rating to a buy rating in a report on Saturday, October 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The company has a consensus rating of Buy and an average target price of $43.14.
Shares of RealPage, Inc. (NASDAQ:RP) traded up $0.60 during trading on Friday, reaching $44.60. 957,956 shares of the company were exchanged, compared to its average volume of 389,162. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 0.78. The company has a market cap of $3.61 billion, a P/E ratio of 79.46 and a beta of 1.09.
RealPage (NASDAQ:RP) last released its quarterly earnings results on Thursday, November 2nd. The software maker reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The company had revenue of $169.76 million during the quarter, compared to the consensus estimate of $170.73 million. RealPage had a return on equity of 9.89% and a net margin of 4.52%. RealPage’s revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 earnings per share. sell-side analysts forecast that RealPage, Inc. will post 0.57 EPS for the current year.
In other news, CFO W Bryan Hill sold 8,000 shares of the firm’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $42.09, for a total transaction of $336,720.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Stephen T. Winn sold 27,930 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $39.43, for a total value of $1,101,279.90. Following the sale, the chief executive officer now owns 3,352,600 shares in the company, valued at approximately $132,193,018. The disclosure for this sale can be found here. Insiders have sold 1,990,789 shares of company stock valued at $80,339,434 in the last three months. 33.24% of the stock is currently owned by company insiders.
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RealPage, Inc is a provider of technology to the real estate industry, helping owners, managers and investors. The Company’s property management solutions are referred to as Enterprise Resource Planning systems. Its on demand platform provides a single point of access and a repository of real-time lease transaction data, including prospect, renter and property data.
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