RealPage (NASDAQ:RP) Updates FY19 Earnings Guidance

RealPage (NASDAQ:RP) updated its FY19 earnings guidance on Thursday. The company provided earnings per share guidance of $1.73-1.77 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.76. The company issued revenue guidance of $987-995 million, compared to the consensus revenue estimate of $991.41 million.RealPage also updated its Q3 guidance to $0.44-0.46 EPS.

Several equities research analysts recently issued reports on RP shares. Keefe, Bruyette & Woods started coverage on shares of RealPage in a report on Tuesday, July 9th. They issued an outperform rating and a $74.00 target price on the stock. Zacks Investment Research cut shares of RealPage from a buy rating to a hold rating in a report on Wednesday, July 10th. KeyCorp started coverage on shares of RealPage in a report on Tuesday, July 16th. They issued an overweight rating and a $76.00 target price on the stock. ValuEngine cut shares of RealPage from a buy rating to a hold rating in a report on Saturday, May 4th. Finally, BidaskClub upgraded shares of RealPage from a hold rating to a buy rating in a report on Saturday, July 27th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $66.67.

RP stock traded down $0.13 on Thursday, hitting $62.35. The company had a trading volume of 986,400 shares, compared to its average volume of 671,413. RealPage has a 12-month low of $42.90 and a 12-month high of $66.25. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $61.42. The company has a market capitalization of $5.91 billion, a PE ratio of 56.68 and a beta of 1.40.

RealPage (NASDAQ:RP) last issued its earnings results on Thursday, August 1st. The software maker reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.14. RealPage had a net margin of 3.89% and a return on equity of 9.48%. The company had revenue of $244.00 million for the quarter, compared to analysts’ expectations of $243.21 million. During the same quarter last year, the company posted $0.37 earnings per share. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. Analysts anticipate that RealPage will post 1.25 earnings per share for the current year.

In other news, major shareholder Seren Capital, Ltd. sold 200,000 shares of RealPage stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $59.90, for a total transaction of $11,980,000.00. Following the transaction, the insider now owns 10,165,109 shares in the company, valued at approximately $608,890,029.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephen T. Winn sold 150,000 shares of RealPage stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $59.21, for a total transaction of $8,881,500.00. Following the transaction, the chief executive officer now owns 1,217,538 shares in the company, valued at approximately $72,090,424.98. The disclosure for this sale can be found here. Insiders sold 981,793 shares of company stock worth $57,315,347 in the last 90 days. 17.05% of the stock is currently owned by corporate insiders.

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, an on demand property management system for single-family properties, and small and centrally managed multifamily properties.

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Earnings History and Estimates for RealPage (NASDAQ:RP)

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