RealPage (NASDAQ:RP) announced its earnings results on Thursday. The software maker reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.14, Bloomberg Earnings reports. RealPage had a return on equity of 9.48% and a net margin of 3.89%. The firm had revenue of $244.00 million during the quarter, compared to analyst estimates of $243.21 million. During the same quarter in the prior year, the company earned $0.37 EPS. The business’s revenue was up 12.8% compared to the same quarter last year. RealPage updated its Q3 guidance to $0.44-0.46 EPS and its FY19 guidance to $1.73-1.77 EPS.
RealPage stock opened at $62.35 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market cap of $6.02 billion, a P/E ratio of 56.68 and a beta of 1.40. The stock has a 50 day moving average of $61.42. RealPage has a twelve month low of $42.90 and a twelve month high of $66.25.
In other RealPage news, CFO Thomas C. Ernst, Jr. sold 1,293 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $58.13, for a total transaction of $75,162.09. Following the sale, the chief financial officer now directly owns 65,917 shares in the company, valued at approximately $3,831,755.21. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP William P. Chaney sold 27,500 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $57.73, for a total value of $1,587,575.00. Following the sale, the executive vice president now owns 127,250 shares in the company, valued at $7,346,142.50. The disclosure for this sale can be found here. Insiders sold a total of 981,793 shares of company stock worth $57,315,347 in the last 90 days. 17.05% of the stock is currently owned by company insiders.
Several research analysts have recently issued reports on the company. KeyCorp assumed coverage on RealPage in a research report on Tuesday, July 16th. They issued an “overweight” rating and a $76.00 target price for the company. Keefe, Bruyette & Woods assumed coverage on RealPage in a research report on Tuesday, July 9th. They issued an “outperform” rating and a $74.00 target price for the company. BidaskClub raised RealPage from a “hold” rating to a “buy” rating in a research report on Saturday, July 27th. Zacks Investment Research lowered RealPage from a “buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Finally, ValuEngine lowered RealPage from a “buy” rating to a “hold” rating in a research report on Saturday, May 4th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $66.67.
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, an on demand property management system for single-family properties, and small and centrally managed multifamily properties.
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