RealPage Inc (NASDAQ:RP) Expected to Post Quarterly Sales of $253.88 Million

Wall Street brokerages expect RealPage Inc (NASDAQ:RP) to announce $253.88 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for RealPage’s earnings. The lowest sales estimate is $252.94 million and the highest is $254.50 million. RealPage posted sales of $225.37 million in the same quarter last year, which suggests a positive year-over-year growth rate of 12.7%. The company is expected to announce its next quarterly earnings report on Thursday, November 7th.

According to Zacks, analysts expect that RealPage will report full-year sales of $990.26 million for the current fiscal year, with estimates ranging from $988.51 million to $991.40 million. For the next fiscal year, analysts forecast that the company will post sales of $1.10 billion, with estimates ranging from $1.09 billion to $1.10 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover RealPage.

RealPage (NASDAQ:RP) last issued its quarterly earnings results on Thursday, August 1st. The software maker reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.14. The company had revenue of $244.00 million for the quarter, compared to the consensus estimate of $243.21 million. RealPage had a return on equity of 9.86% and a net margin of 4.48%. RealPage’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.37 earnings per share.

A number of brokerages have issued reports on RP. Zacks Investment Research downgraded RealPage from a “hold” rating to a “sell” rating in a research report on Friday. Keefe, Bruyette & Woods began coverage on RealPage in a research report on Tuesday, July 9th. They set an “outperform” rating and a $74.00 price target on the stock. BidaskClub downgraded RealPage from a “buy” rating to a “hold” rating in a research report on Saturday, September 7th. ValuEngine downgraded RealPage from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. Finally, Craig Hallum began coverage on RealPage in a research report on Thursday, August 29th. They set a “buy” rating and a $83.00 price target on the stock. 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 company. The company presently has a consensus rating of “Buy” and an average target price of $69.00.

In other news, Chairman Stephen T. Winn sold 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $62.92, for a total value of $12,584,000.00. Following the transaction, the chairman now owns 1,210,873 shares in the company, valued at $76,188,129.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Stephen T. Winn sold 29,070 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $60.84, for a total value of $1,768,618.80. Following the completion of the transaction, the chief executive officer now owns 1,210,873 shares in the company, valued at approximately $73,669,513.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 712,667 shares of company stock worth $43,937,476. Company insiders own 17.05% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC lifted its position in RealPage by 931.6% during the second quarter. CWM LLC now owns 588 shares of the software maker’s stock worth $35,000 after buying an additional 531 shares in the last quarter. FTB Advisors Inc. lifted its position in RealPage by 487.8% during the second quarter. FTB Advisors Inc. now owns 1,111 shares of the software maker’s stock worth $65,000 after buying an additional 922 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in RealPage by 242.8% during the second quarter. Tower Research Capital LLC TRC now owns 1,601 shares of the software maker’s stock worth $95,000 after buying an additional 1,134 shares in the last quarter. Contravisory Investment Management Inc. purchased a new position in RealPage during the second quarter worth approximately $113,000. Finally, SG Americas Securities LLC purchased a new position in RealPage during the second quarter worth approximately $186,000. Institutional investors and hedge funds own 90.41% of the company’s stock.

Shares of RP stock opened at $59.89 on Friday. The company has a market capitalization of $5.86 billion, a P/E ratio of 54.45 and a beta of 1.31. The business’s 50 day moving average is $62.54 and its two-hundred day moving average is $61.60. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.35. RealPage has a 12-month low of $42.90 and a 12-month high of $65.92.

About RealPage

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, an on demand property management system for single-family properties, and small and centrally managed multifamily properties.

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