Wall Street brokerages expect RealPage Inc (NASDAQ:RP) to announce earnings of $0.35 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for RealPage’s earnings. RealPage reported earnings per share of $0.22 during the same quarter last year, which indicates a positive year over year growth rate of 59.1%. The company is expected to announce its next earnings results on Thursday, November 1st.

According to Zacks, analysts expect that RealPage will report full year earnings of $1.46 per share for the current fiscal year, with EPS estimates ranging from $1.45 to $1.46. For the next year, analysts anticipate that the business will report earnings of $1.78 per share, with EPS estimates ranging from $1.71 to $1.87. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover RealPage.

RealPage (NASDAQ:RP) last released its quarterly earnings data on Thursday, August 2nd. The software maker reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. The company had revenue of $216.36 million during the quarter, compared to analyst estimates of $215.14 million. RealPage had a net margin of 0.69% and a return on equity of 10.56%. RealPage’s revenue for the quarter was up 33.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.23 EPS.

Several analysts have recently weighed in on RP shares. Zacks Investment Research lowered shares of RealPage from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. BidaskClub upgraded shares of RealPage from a “hold” rating to a “buy” rating in a research note on Saturday, July 14th. Royal Bank of Canada lifted their price objective on shares of RealPage to $64.00 and gave the company a “sector perform” rating in a research note on Friday, August 3rd. KeyCorp lifted their price objective on shares of RealPage from $65.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, August 3rd. Finally, JPMorgan Chase & Co. started coverage on shares of RealPage in a research note on Thursday, June 21st. They issued an “overweight” rating and a $76.00 price objective for the company. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. RealPage presently has an average rating of “Buy” and a consensus price target of $64.50.

Shares of NASDAQ:RP traded up $0.60 during mid-day trading on Tuesday, hitting $63.10. The company had a trading volume of 476,742 shares, compared to its average volume of 623,668. The firm has a market capitalization of $5.97 billion, a P/E ratio of 175.42 and a beta of 1.15. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.28. RealPage has a one year low of $38.40 and a one year high of $64.80.

In other RealPage news, CFO W Bryan Hill sold 25,000 shares of the business’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $61.81, for a total transaction of $1,545,250.00. Following the completion of the sale, the chief financial officer now owns 146,359 shares in the company, valued at approximately $9,046,449.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alfred R. Berkeley III sold 4,000 shares of the business’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $59.23, for a total transaction of $236,920.00. Following the sale, the director now owns 35,881 shares of the company’s stock, valued at approximately $2,125,231.63. The disclosure for this sale can be found here. Insiders have sold a total of 3,339,250 shares of company stock valued at $198,121,298 in the last 90 days. 24.91% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the business. Eqis Capital Management Inc. boosted its holdings in RealPage by 2.9% during the 2nd quarter. Eqis Capital Management Inc. now owns 31,530 shares of the software maker’s stock worth $1,737,000 after acquiring an additional 875 shares during the last quarter. Tygh Capital Management Inc. boosted its holdings in RealPage by 56.6% during the 2nd quarter. Tygh Capital Management Inc. now owns 245,708 shares of the software maker’s stock worth $13,539,000 after acquiring an additional 88,826 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its holdings in RealPage by 71.0% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 6,272 shares of the software maker’s stock worth $346,000 after acquiring an additional 2,604 shares during the last quarter. Frontier Capital Management Co. LLC boosted its holdings in RealPage by 63.5% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 345,284 shares of the software maker’s stock worth $19,025,000 after acquiring an additional 134,068 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new position in RealPage during the 2nd quarter worth $204,000. Institutional investors and hedge funds own 81.11% of the company’s stock.

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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