RealPage, Inc. (RP) Updates Q4 Earnings Guidance
RealPage, Inc. (NASDAQ:RP) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.25-0.26 for the period, compared to the Thomson Reuters consensus estimate of $0.25. The company issued revenue guidance of $183.2-186.2 million, compared to the consensus revenue estimate of $186.00 million.RealPage also updated its FY17 guidance to $0.91-0.92 EPS.
A number of research analysts recently commented on the company. Zacks Investment Research raised RealPage from a sell rating to a hold rating in a report on Tuesday, September 5th. BidaskClub raised RealPage from a hold rating to a buy rating in a report on Saturday, September 2nd. Benchmark Co. increased their price target on RealPage from $43.00 to $51.00 and gave the company a buy rating in a report on Wednesday. Royal Bank Of Canada reissued a hold rating and issued a $42.00 price target on shares of RealPage in a report on Monday, September 11th. Finally, KeyCorp assumed coverage on RealPage in a report on Thursday, September 7th. They issued an overweight rating and a $50.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. RealPage presently has an average rating of Buy and a consensus target price of $43.14.
RealPage, Inc. (NASDAQ:RP) traded up $0.60 during trading hours on Friday, reaching $44.60. The company’s stock had a trading volume of 990,972 shares, compared to its average volume of 389,162. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.87 and a current ratio of 1.87. 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 earnings results on Thursday, November 2nd. The software maker reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. RealPage had a return on equity of 9.89% and a net margin of 4.52%. The company had revenue of $169.76 million for the quarter, compared to the consensus estimate of $170.73 million. During the same quarter last year, the business posted $0.20 EPS. RealPage’s quarterly revenue was up 14.9% compared to the same quarter last year. equities research analysts expect that RealPage, Inc. will post 0.57 EPS for the current year.
In other news, EVP Ashley Chaffin Glover sold 13,822 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $42.46, for a total transaction of $586,882.12. Following the sale, the executive vice president now directly owns 107,154 shares in the company, valued at approximately $4,549,758.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO W Bryan Hill sold 8,000 shares of the stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $42.09, for a total value of $336,720.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,990,789 shares of company stock worth $80,339,434. 33.24% of the stock is currently owned by company insiders.
RealPage Company Profile
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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