RealPage (NASDAQ:RP) updated its FY18 earnings guidance on Tuesday. The company provided EPS guidance of $1.41-1.47 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.28. The company issued revenue guidance of $834.6-844.6 million, compared to the consensus revenue estimate of $837.57 million.
Several research analysts recently commented on the company. Zacks Investment Research raised RealPage from a hold rating to a buy rating and set a $58.00 target price for the company in a research note on Wednesday, March 7th. BidaskClub raised RealPage from a hold rating to a buy rating in a research note on Thursday, January 11th. Deutsche Bank boosted their target price on RealPage to $60.00 in a research note on Wednesday, February 28th. Benchmark boosted their target price on RealPage from $51.00 to $59.00 and gave the stock a buy rating in a research note on Wednesday, February 28th. Finally, Royal Bank of Canada reissued a hold rating on shares of RealPage in a research note on Thursday, March 1st. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $54.00.
Shares of RealPage (NASDAQ RP) traded down $0.10 during midday trading on Wednesday, reaching $52.90. The company’s stock had a trading volume of 617,438 shares, compared to its average volume of 481,063. The stock has a market cap of $4,437.20, a P/E ratio of 98.89 and a beta of 1.04. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.93 and a quick ratio of 0.93. RealPage has a 12 month low of $32.30 and a 12 month high of $54.95.
RealPage (NASDAQ:RP) last announced its quarterly earnings results on Tuesday, February 27th. The software maker reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.04). The business had revenue of $188.39 million for the quarter, compared to analysts’ expectations of $186.46 million. RealPage had a return on equity of 8.97% and a net margin of 0.06%. equities analysts anticipate that RealPage will post 0.97 earnings per share for the current year.
In other news, EVP Andrew Blount sold 56,250 shares of the business’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $51.25, for a total value of $2,882,812.50. Following the completion of the sale, the executive vice president now directly owns 185,958 shares of the company’s stock, valued at approximately $9,530,347.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alfred R. Berkeley III sold 4,000 shares of the business’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $52.86, for a total value of $211,440.00. Following the completion of the sale, the director now directly owns 36,038 shares of the company’s stock, valued at $1,904,968.68. The disclosure for this sale can be found here. Insiders have sold a total of 872,926 shares of company stock valued at $39,985,232 over the last ninety days. 30.31% of the stock is owned by company insiders.
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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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