$171.37 Million in Sales Expected for RealPage, Inc. (RP) This Quarter
Equities research analysts predict that RealPage, Inc. (NASDAQ:RP) will post sales of $171.37 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for RealPage’s earnings, with the highest sales estimate coming in at $173.00 million and the lowest estimate coming in at $169.10 million. RealPage posted sales of $147.79 million during the same quarter last year, which would indicate a positive year over year growth rate of 16%. The firm is expected to report its next quarterly earnings report on Thursday, November 2nd.
On average, analysts expect that RealPage will report full year sales of $171.37 million for the current fiscal year, with estimates ranging from $660.00 million to $666.90 million. For the next year, analysts forecast that the firm will post sales of $774.17 million per share, with estimates ranging from $747.20 million to $805.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for RealPage.
RealPage (NASDAQ:RP) last issued its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. RealPage had a net margin of 4.25% and a return on equity of 10.26%. The business had revenue of $161.30 million for the quarter, compared to the consensus estimate of $160.02 million. During the same quarter in the previous year, the firm earned $0.18 earnings per share. The company’s revenue for the quarter was up 13.2% on a year-over-year basis.
A number of research analysts have issued reports on the company. Zacks Investment Research downgraded RealPage from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Deutsche Bank AG reaffirmed a “buy” rating and set a $42.00 price objective (up previously from $40.00) on shares of RealPage in a research note on Tuesday, July 18th. BidaskClub raised shares of RealPage from a “hold” rating to a “buy” rating in a research note on Saturday, September 2nd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $38.00 target price on shares of RealPage in a report on Monday, July 24th. Finally, KeyCorp started coverage on shares of RealPage in a report on Thursday, September 7th. They set an “overweight” rating and a $50.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $41.29.
RealPage (NASDAQ RP) traded up 1.38% during trading on Friday, hitting $40.45. 498,731 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $40.91 and its 200 day moving average price is $37.60. RealPage has a 12-month low of $23.69 and a 12-month high of $43.65. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 122.58 and a beta of 1.09.
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In other news, major shareholder Seren Capital, Ltd. sold 95,760 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $38.98, for a total transaction of $3,732,724.80. Following the completion of the sale, the insider now owns 18,486,216 shares of the company’s stock, valued at $720,592,699.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alfred R. Berkeley III sold 3,500 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $40.30, for a total transaction of $141,050.00. Following the sale, the director now directly owns 45,038 shares of the company’s stock, valued at approximately $1,815,031.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,982,789 shares of company stock worth $80,002,714. 33.24% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of RP. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in RealPage by 10.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock worth $102,000 after buying an additional 272 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in RealPage during the 1st quarter worth approximately $163,000. Bessemer Group Inc. increased its stake in RealPage by 2.0% during the 2nd quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock worth $180,000 after buying an additional 100 shares in the last quarter. Gotham Asset Management LLC acquired a new position in shares of RealPage during the first quarter valued at approximately $200,000. Finally, Bfsg LLC acquired a new position in shares of RealPage during the second quarter valued at approximately $209,000. 70.49% of the stock is currently owned by hedge funds and other institutional investors.
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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