RealPage (NASDAQ:RP) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.41-1.47 for the period, compared to the Thomson Reuters consensus 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 brokerages recently weighed in on RP. Zacks Investment Research upgraded shares of RealPage from a hold rating to a buy rating and set a $58.00 price objective on the stock in a report on Wednesday, March 7th. TheStreet downgraded shares of RealPage from a b rating to a c+ rating in a research note on Wednesday, February 28th. Royal Bank of Canada reaffirmed a hold rating on shares of RealPage in a research note on Thursday, March 1st. BidaskClub raised shares of RealPage from a buy rating to a strong-buy rating in a research note on Thursday, February 22nd. Finally, Deutsche Bank upped their target price on shares of RealPage to $60.00 in a research note on Wednesday, February 28th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $54.00.
Shares of RealPage (NASDAQ:RP) traded down $0.10 during mid-day trading on Wednesday, hitting $52.90. 617,438 shares of the stock traded hands, compared to its average volume of 481,063. 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 52 week low of $32.30 and a 52 week high of $54.95. The company has a market capitalization of $4,437.20, a P/E ratio of 98.89 and a beta of 1.04.
RealPage (NASDAQ:RP) last issued its quarterly earnings data on Tuesday, February 27th. The software maker reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.04). RealPage had a return on equity of 8.97% and a net margin of 0.06%. The company had revenue of $188.39 million for the quarter, compared to the consensus estimate of $186.46 million. sell-side analysts predict that RealPage will post 0.97 earnings per share for the current fiscal year.
In related news, EVP David G. Monk sold 2,750 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $45.00, for a total value of $123,750.00. Following the completion of the transaction, the executive vice president now owns 63,189 shares of the company’s stock, valued at $2,843,505. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Alfred R. Berkeley III sold 4,000 shares of the firm’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $52.86, for a total transaction of $211,440.00. Following the completion of the transaction, the director now directly owns 36,038 shares of the company’s stock, valued at approximately $1,904,968.68. The disclosure for this sale can be found here. Insiders have sold 872,926 shares of company stock valued at $39,985,232 in the last three months. 30.31% of the stock is owned by insiders.
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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