Wall Street brokerages expect that RealPage Inc (NASDAQ:RP) will announce $186.46 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for RealPage’s earnings, with the highest sales estimate coming in at $187.70 million and the lowest estimate coming in at $184.67 million. RealPage posted sales of $148.88 million in the same quarter last year, which suggests a positive year over year growth rate of 25.2%. The firm is scheduled to announce its next earnings report on Monday, February 26th.
On average, analysts expect that RealPage will report full year sales of $186.46 million for the current financial year, with estimates ranging from $670.30 million to $673.62 million. For the next fiscal year, analysts expect that the firm will report sales of $844.29 million per share, with estimates ranging from $831.00 million to $857.94 million. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for RealPage.
A number of brokerages have weighed in on RP. Zacks Investment Research cut shares of RealPage from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th. Morgan Stanley raised shares of RealPage from an “equal weight” rating to an “overweight” rating and set a $48.00 price objective on the stock in a report on Tuesday, January 30th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $49.00 price objective on shares of RealPage in a report on Wednesday, January 17th. BidaskClub raised shares of RealPage from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Finally, KeyCorp increased their price objective on shares of RealPage from $53.00 to $61.00 and gave the stock an “overweight” rating in a report on Tuesday, February 6th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $50.63.
Large investors have recently bought and sold shares of the company. Advisor Group Inc. boosted its position in shares of RealPage by 210.9% during the 4th quarter. Advisor Group Inc. now owns 2,512 shares of the software maker’s stock valued at $111,000 after purchasing an additional 1,704 shares in the last quarter. Public Employees Retirement Association of Colorado bought a new position in shares of RealPage during the 4th quarter valued at about $162,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of RealPage by 35.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,859 shares of the software maker’s stock valued at $171,000 after purchasing an additional 1,018 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of RealPage by 10.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,153 shares of the software maker’s stock valued at $185,000 after purchasing an additional 485 shares in the last quarter. Finally, Breton Hill Capital Ltd. bought a new position in shares of RealPage during the 3rd quarter valued at about $228,000. Institutional investors own 72.94% of the company’s stock.
Shares of RealPage (RP) opened at $50.45 on Monday. The firm has a market cap of $4,181.25, a price-to-earnings ratio of 144.15 and a beta of 1.13. RealPage has a twelve month low of $32.30 and a twelve month high of $51.60. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.76.
RealPage Company Profile
RealPage, Inc is a provider of technology to the real estate industry, helping owners, managers and investors. The Company’s property management solutions are referred to as Enterprise Resource Planning systems. Its on demand platform provides a single point of access and a repository of real-time lease transaction data, including prospect, renter and property data.
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