Brokerages Expect RealPage Inc (RP) Will Post Earnings of $0.40 Per Share

Analysts expect RealPage Inc (NASDAQ:RP) to post $0.40 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for RealPage’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.40. RealPage posted earnings of $0.37 per share during the same quarter last year, which suggests a positive year over year growth rate of 8.1%. The business is scheduled to report its next earnings results on Thursday, May 2nd.

According to Zacks, analysts expect that RealPage will report full year earnings of $1.75 per share for the current year, with EPS estimates ranging from $1.73 to $1.76. For the next financial year, analysts anticipate that the business will report earnings of $2.03 per share, with EPS estimates ranging from $1.97 to $2.12. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow RealPage.

RealPage (NASDAQ:RP) last announced its quarterly earnings results on Monday, February 25th. The software maker reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.01. RealPage had a return on equity of 10.59% and a net margin of 3.99%. The firm had revenue of $226.97 million during the quarter, compared to analyst estimates of $229.23 million. During the same quarter in the previous year, the business earned $0.26 EPS. RealPage’s revenue for the quarter was up 20.9% compared to the same quarter last year.

Several equities research analysts recently issued reports on RP shares. TheStreet upgraded RealPage from a “c” rating to a “b-” rating in a report on Monday, February 25th. ValuEngine upgraded RealPage from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. BidaskClub cut RealPage from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 27th. Zacks Investment Research cut RealPage from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, DA Davidson initiated coverage on RealPage in a report on Thursday. They set a “neutral” rating and a $60.00 target price on the stock. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $64.83.

RP stock traded up $0.86 during trading on Wednesday, hitting $61.55. The stock had a trading volume of 22,384 shares, compared to its average volume of 640,532. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.55. RealPage has a twelve month low of $42.90 and a twelve month high of $66.25. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 55.86 and a beta of 1.51.

In related news, CFO Thomas C. Ernst, Jr. sold 1,715 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $60.52, for a total value of $103,791.80. Following the transaction, the chief financial officer now directly owns 67,800 shares in the company, valued at $4,103,256. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Seren Capital, Ltd. sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $47.21, for a total value of $4,721,000.00. Following the completion of the transaction, the insider now owns 13,954,587 shares in the company, valued at $658,796,052.27. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,216,670 shares of company stock worth $70,718,719. Insiders own 24.91% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank lifted its holdings in RealPage by 1.5% in the fourth quarter. Comerica Bank now owns 31,019 shares of the software maker’s stock valued at $1,681,000 after acquiring an additional 452 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its position in RealPage by 0.7% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 72,526 shares of the software maker’s stock valued at $3,495,000 after purchasing an additional 526 shares during the period. State Board of Administration of Florida Retirement System raised its position in RealPage by 0.8% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 86,362 shares of the software maker’s stock valued at $4,162,000 after purchasing an additional 650 shares during the period. MML Investors Services LLC raised its position in RealPage by 9.7% in the fourth quarter. MML Investors Services LLC now owns 7,928 shares of the software maker’s stock valued at $382,000 after purchasing an additional 702 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in RealPage by 17.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,220 shares of the software maker’s stock valued at $252,000 after purchasing an additional 766 shares during the period. Hedge funds and other institutional investors own 87.69% of the company’s stock.

About RealPage

RealPage, Inc provides software and data analytics for the real estate industry in the United States. It offers OneSite, a property management solution for multi-family, affordable property, rural housing, military housing, senior and student living, and commercial property types; and Propertyware for accounting, maintenance and work order management, marketing, spend management, portal services, and screening and payment solutions.

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Earnings History and Estimates for RealPage (NASDAQ:RP)

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