RealPage (NASDAQ:RP) Updates Q4 Earnings Guidance

RealPage (NASDAQ:RP) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.47-0.49 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.48. The company issued revenue guidance of $250-252 million, compared to the consensus revenue estimate of $258.70 million.

Several brokerages have issued reports on RP. Craig Hallum began coverage on shares of RealPage in a report on Thursday, August 29th. They issued a buy rating and a $83.00 target price for the company. JPMorgan Chase & Co. cut shares of RealPage from an overweight rating to a neutral rating and decreased their target price for the stock from $78.00 to $65.00 in a report on Thursday. Zacks Investment Research raised shares of RealPage from a sell rating to a hold rating in a report on Saturday, November 2nd. KeyCorp began coverage on shares of RealPage in a report on Tuesday, July 16th. They issued an overweight rating and a $76.00 target price for the company. Finally, BidaskClub cut shares of RealPage from a hold rating to a sell rating in a report on Saturday. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $68.50.

Shares of RP stock traded up $0.75 during trading hours on Friday, reaching $54.11. The company had a trading volume of 1,224,300 shares, compared to its average volume of 623,927. The firm has a market cap of $5.79 billion, a PE ratio of 49.19 and a beta of 1.25. RealPage has a one year low of $42.90 and a one year high of $65.92. The business has a fifty day moving average price of $61.30 and a 200-day moving average price of $61.32. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.81 and a current ratio of 0.81.

RealPage (NASDAQ:RP) last posted its quarterly earnings results on Wednesday, November 6th. The software maker reported $0.45 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.45. The business had revenue of $255.20 million during the quarter, compared to analyst estimates of $254.32 million. RealPage had a net margin of 4.48% and a return on equity of 9.86%. The company’s revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 earnings per share. Equities research analysts forecast that RealPage will post 1.25 EPS for the current year.

In other news, Chairman Stephen T. Winn sold 200,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $59.82, for a total value of $11,964,000.00. Following the transaction, the chairman now owns 1,210,873 shares of the company’s stock, valued at $72,434,422.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephen T. Winn sold 29,070 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $60.84, for a total transaction of $1,768,618.80. Following the completion of the transaction, the chief executive officer now directly owns 1,210,873 shares in the company, valued at approximately $73,669,513.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 712,667 shares of company stock valued at $43,937,476. Company insiders own 17.05% of the company’s stock.

RealPage Company Profile

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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