$0.19 Earnings Per Share Expected for AppFolio Inc (APPF) This Quarter

Analysts expect AppFolio Inc (NASDAQ:APPF) to post earnings of $0.19 per share for the current quarter, Zacks reports. Two analysts have issued estimates for AppFolio’s earnings. AppFolio posted earnings of $0.11 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 72.7%. The company is expected to announce its next earnings report after the market closes on Monday, July 30th.

On average, analysts expect that AppFolio will report full year earnings of $0.75 per share for the current fiscal year, with EPS estimates ranging from $0.71 to $0.78. For the next year, analysts forecast that the business will post earnings of $1.10 per share, with EPS estimates ranging from $1.09 to $1.11. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for AppFolio.

AppFolio (NASDAQ:APPF) last posted its earnings results on Monday, April 30th. The software maker reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.11. The company had revenue of $42.34 million during the quarter, compared to analyst estimates of $41.01 million. AppFolio had a return on equity of 16.05% and a net margin of 8.68%. The company’s revenue for the quarter was up 31.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.02 EPS.

Several brokerages recently issued reports on APPF. Zacks Investment Research lowered AppFolio from a “buy” rating to a “hold” rating in a research report on Tuesday, July 3rd. TheStreet upgraded AppFolio from a “c” rating to a “b-” rating in a research report on Monday, June 25th. BidaskClub lowered AppFolio from a “strong-buy” rating to a “buy” rating in a research report on Monday, June 18th. ValuEngine upgraded AppFolio from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, Morgan Stanley boosted their price objective on AppFolio from $50.00 to $52.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. AppFolio has a consensus rating of “Hold” and a consensus price target of $48.67.

Shares of AppFolio traded down $2.90, hitting $64.85, on Monday, according to MarketBeat. The company’s stock had a trading volume of 118,832 shares, compared to its average volume of 130,894. AppFolio has a fifty-two week low of $33.95 and a fifty-two week high of $69.10. The firm has a market capitalization of $2.28 billion, a PE ratio of 231.61 and a beta of 0.69.

In related news, CFO Ida Kathleen Kane sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 8th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the transaction, the chief financial officer now directly owns 5,000 shares in the company, valued at approximately $275,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 41.96% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC grew its position in shares of AppFolio by 73.4% in the 2nd quarter. Acadian Asset Management LLC now owns 30,609 shares of the software maker’s stock valued at $1,870,000 after purchasing an additional 12,958 shares during the period. Creative Planning bought a new stake in AppFolio in the 2nd quarter valued at approximately $255,000. James Investment Research Inc. bought a new stake in AppFolio in the 2nd quarter valued at approximately $2,209,000. Campbell & CO Investment Adviser LLC bought a new stake in AppFolio in the 2nd quarter valued at approximately $294,000. Finally, Navellier & Associates Inc lifted its stake in AppFolio by 49.8% in the 1st quarter. Navellier & Associates Inc now owns 29,852 shares of the software maker’s stock valued at $1,219,000 after acquiring an additional 9,929 shares in the last quarter. Institutional investors and hedge funds own 26.98% of the company’s stock.

AppFolio Company Profile

AppFolio, Inc provides industry-specific cloud-based software solutions for small and medium-sized businesses in the property management and legal industries. It offers AppFolio Property Manager, a cloud-based software solution for the real estate market that provides property managers of various sizes and tools and services designed to streamline their property management businesses, such as posting and tracking vacancies, leasing vacant properties, and accounting, as well as facilitating tenant, owner, and vendor communications.

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Earnings History and Estimates for AppFolio (NASDAQ:APPF)

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