Zacks: Brokerages Anticipate RealPage Inc (RP) to Post $0.35 EPS

Equities analysts expect RealPage Inc (NASDAQ:RP) to announce earnings of $0.35 per share for the current quarter, Zacks reports. Three analysts have made estimates for RealPage’s earnings. RealPage reported earnings per share of $0.22 in the same quarter last year, which would suggest a positive year-over-year growth rate of 59.1%. The business is expected to issue its next quarterly earnings report on Thursday, November 1st.

On average, analysts expect that RealPage will report full-year earnings of $1.46 per share for the current year, with EPS estimates ranging from $1.45 to $1.46. For the next year, analysts anticipate that the firm will post earnings of $1.78 per share, with EPS estimates ranging from $1.71 to $1.87. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow RealPage.

RealPage (NASDAQ:RP) last announced its earnings results on Thursday, August 2nd. The software maker reported $0.37 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.37. RealPage had a return on equity of 10.56% and a net margin of 0.69%. The business had revenue of $216.36 million for the quarter, compared to analysts’ expectations of $215.14 million. During the same period in the prior year, the business posted $0.23 earnings per share. The firm’s revenue was up 33.3% on a year-over-year basis.

RP has been the topic of several recent analyst reports. Zacks Investment Research cut RealPage from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. BidaskClub cut RealPage from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 11th. Royal Bank of Canada raised their price target on RealPage to $64.00 and gave the company a “sector perform” rating in a report on Friday, August 3rd. KeyCorp raised their price target on RealPage from $65.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, August 3rd. Finally, JPMorgan Chase & Co. initiated coverage on RealPage in a report on Thursday, June 21st. They issued an “overweight” rating and a $76.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $64.63.

In related news, CEO Stephen T. Winn sold 75,192 shares of the firm’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $60.75, for a total transaction of $4,567,914.00. Following the transaction, the chief executive officer now directly owns 1,336,783 shares of the company’s stock, valued at approximately $81,209,567.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Stephen T. Winn sold 494,968 shares of the firm’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $61.05, for a total value of $30,217,796.40. Following the transaction, the chairman now directly owns 1,336,783 shares in the company, valued at $81,610,602.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,485,412 shares of company stock worth $153,814,920. 24.91% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mount Yale Investment Advisors LLC bought a new stake in RealPage during the first quarter valued at about $164,000. First Manhattan Co. grew its holdings in RealPage by 78.9% during the second quarter. First Manhattan Co. now owns 3,400 shares of the software maker’s stock valued at $187,000 after purchasing an additional 1,500 shares during the period. Engineers Gate Manager LP bought a new stake in RealPage during the second quarter valued at about $204,000. GSA Capital Partners LLP bought a new stake in RealPage during the first quarter valued at about $208,000. Finally, Raymond James Trust N.A. bought a new stake in RealPage during the third quarter valued at about $219,000. 81.11% of the stock is currently owned by institutional investors.

Shares of NASDAQ RP opened at $59.28 on Monday. RealPage has a 52 week low of $40.97 and a 52 week high of $66.25. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $6.18 billion, a price-to-earnings ratio of 164.67 and a beta of 1.11.

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 for accounting, maintenance and work order management, marketing, spend management, portal services, and screening and payment solutions.

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Earnings History and Estimates for RealPage (NASDAQ:RP)

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