Brokerages Expect RealPage Inc (RP) to Announce $0.38 Earnings Per Share

Brokerages expect that RealPage Inc (NASDAQ:RP) will announce earnings per share (EPS) of $0.38 for the current quarter, according to Zacks. Three analysts have made estimates for RealPage’s earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.37. RealPage reported earnings of $0.26 per share in the same quarter last year, which suggests a positive year over year growth rate of 46.2%. The business is scheduled to report its next quarterly earnings report on Tuesday, February 26th.

According to Zacks, analysts expect that RealPage will report full-year earnings of $1.48 per share for the current financial year, with EPS estimates ranging from $1.48 to $1.50. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.78 per share, with EPS estimates ranging from $1.71 to $1.85. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow RealPage.

RealPage (NASDAQ:RP) last announced its quarterly earnings results on Thursday, November 1st. The software maker reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.03. RealPage had a return on equity of 10.55% and a net margin of 0.91%. The company had revenue of $224.95 million during the quarter, compared to analysts’ expectations of $221.33 million. During the same period in the prior year, the company earned $0.22 EPS. RealPage’s revenue was up 33.1% compared to the same quarter last year.

A number of analysts recently weighed in on the company. BidaskClub upgraded RealPage from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 5th. Zacks Investment Research upgraded RealPage from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Thursday, November 8th. KeyCorp restated an “overweight” rating and issued a $72.00 price objective (down from $84.00) on shares of RealPage in a report on Friday, September 14th. Royal Bank of Canada upgraded RealPage from a “sector perform” rating to an “outperform” rating and set a $62.00 price objective for the company in a report on Wednesday, November 21st. Finally, Morgan Stanley set a $63.00 price objective on RealPage and gave the company a “buy” rating in a report on Friday, November 2nd. Eight investment analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average target price of $63.00.

Shares of RP traded down $0.54 during trading hours on Friday, reaching $50.63. The stock had a trading volume of 1,588,115 shares, compared to its average volume of 910,116. RealPage has a 12 month low of $42.90 and a 12 month high of $66.25. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of 140.64 and a beta of 1.36. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 0.83.

In other RealPage news, major shareholder Seren Capital, Ltd. sold 187,866 shares of the stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $61.68, for a total transaction of $11,587,574.88. Following the completion of the sale, the insider now directly owns 15,051,190 shares in the company, valued at approximately $928,357,399.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alfred R. Berkeley III sold 4,000 shares of the stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $49.15, for a total value of $196,600.00. Following the sale, the director now owns 30,881 shares of the company’s stock, valued at $1,517,801.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,978,944 shares of company stock valued at $116,191,414. Company insiders own 24.91% of the company’s stock.

A number of institutional investors have recently modified their holdings of RP. FMR LLC grew its holdings in RealPage by 98.0% during the 2nd quarter. FMR LLC now owns 3,901,146 shares of the software maker’s stock worth $214,953,000 after acquiring an additional 1,930,973 shares during the period. Millennium Management LLC grew its holdings in RealPage by 10,937.8% during the 2nd quarter. Millennium Management LLC now owns 804,654 shares of the software maker’s stock worth $44,336,000 after acquiring an additional 797,364 shares during the period. First Trust Advisors LP grew its stake in shares of RealPage by 772.6% in the 3rd quarter. First Trust Advisors LP now owns 639,257 shares of the software maker’s stock valued at $42,127,000 after buying an additional 566,001 shares during the period. American Century Companies Inc. grew its stake in shares of RealPage by 169.4% in the 3rd quarter. American Century Companies Inc. now owns 711,509 shares of the software maker’s stock valued at $46,888,000 after buying an additional 447,414 shares during the period. Finally, Capital International Investors acquired a new stake in shares of RealPage in the 3rd quarter valued at about $28,996,000. Hedge funds and other institutional investors own 83.79% 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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