RealPage (NASDAQ:RP) Releases Q3 Earnings Guidance

RealPage (NASDAQ:RP) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.44-0.46 for the period, compared to the Thomson Reuters consensus estimate of $0.45. The company issued revenue guidance of $253-255 million, compared to the consensus revenue estimate of $254.21 million.RealPage also updated its FY19 guidance to $1.73-1.77 EPS.

Shares of NASDAQ:RP traded down $1.47 during trading hours on Friday, hitting $60.88. 1,474,897 shares of the company’s stock traded hands, compared to its average volume of 597,849. RealPage has a 1 year low of $42.90 and a 1 year high of $66.25. The firm has a fifty day simple moving average of $61.45. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 55.35 and a beta of 1.31. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.36.

RealPage (NASDAQ:RP) last announced its earnings results on Thursday, August 1st. The software maker reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.14. RealPage had a return on equity of 9.48% and a net margin of 3.89%. The business had revenue of $244.00 million during the quarter, compared to analyst estimates of $243.21 million. During the same quarter in the previous year, the business earned $0.37 earnings per share. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, analysts predict that RealPage will post 1.25 EPS for the current year.

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

In related news, EVP William P. Chaney sold 27,500 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 127,250 shares of the company’s stock, valued at $7,346,142.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Thomas C. Ernst, Jr. sold 1,293 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 65,917 shares of the company’s stock, valued at approximately $3,831,755.21. The disclosure for this sale can be found here. Insiders have sold 981,793 shares of company stock valued at $57,315,347 in the last ninety days. Insiders own 17.05% 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, an on demand property management system for single-family properties, and small and centrally managed multifamily properties.

Read More: What is the formula for the cash asset ratio?

Earnings History and Estimates for RealPage (NASDAQ:RP)

Receive News & Ratings for RealPage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RealPage and related companies with MarketBeat.com's FREE daily email newsletter.