Equities analysts predict that AppFolio Inc (NASDAQ:APPF) will report earnings per share (EPS) of $0.22 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for AppFolio’s earnings. AppFolio reported earnings per share of $0.13 during the same quarter last year, which indicates a positive year over year growth rate of 69.2%. The company is scheduled to announce its next earnings report on Monday, November 5th.
According to Zacks, analysts expect that AppFolio will report full-year earnings of $0.87 per share for the current financial year. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.35 per share. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow AppFolio.
AppFolio (NASDAQ:APPF) last posted its quarterly earnings results on Monday, July 30th. The software maker reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The firm had revenue of $47.24 million for the quarter, compared to analyst estimates of $45.55 million. AppFolio had a net margin of 10.92% and a return on equity of 20.10%. AppFolio’s revenue was up 31.7% compared to the same quarter last year.
In related news, insider Jonathan Walker sold 30,000 shares of the business’s stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of $73.03, for a total transaction of $2,190,900.00. Following the transaction, the insider now directly owns 30,000 shares in the company, valued at $2,190,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 41.96% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers raised its stake in AppFolio by 15.9% during the first quarter. Rhumbline Advisers now owns 8,979 shares of the software maker’s stock worth $367,000 after purchasing an additional 1,235 shares during the period. Victory Capital Management Inc. purchased a new position in AppFolio during the first quarter worth about $228,000. Schwab Charles Investment Management Inc. raised its stake in AppFolio by 170.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 54,327 shares of the software maker’s stock worth $2,220,000 after purchasing an additional 34,238 shares during the period. Northern Trust Corp raised its stake in AppFolio by 1.8% during the first quarter. Northern Trust Corp now owns 127,099 shares of the software maker’s stock worth $5,192,000 after purchasing an additional 2,220 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in AppFolio by 406.0% during the first quarter. Dimensional Fund Advisors LP now owns 122,231 shares of the software maker’s stock worth $4,993,000 after purchasing an additional 98,076 shares during the period. Hedge funds and other institutional investors own 29.94% of the company’s stock.
APPF traded down $1.03 on Friday, reaching $71.42. 230,951 shares of the company’s stock were exchanged, compared to its average volume of 142,024. The firm has a market capitalization of $2.68 billion, a PE ratio of 255.07 and a beta of 0.90. AppFolio has a twelve month low of $37.56 and a twelve month high of $91.49.
AppFolio Company Profile
AppFolio, Inc provides industry-specific cloud-based software solutions for small and medium-sized businesses in the property management and legal industries. It offers AppFolio Property Manager, a cloud-based software solution for the real estate market that provides property managers of various sizes and tools and services designed to streamline their property management businesses, such as posting and tracking vacancies, leasing vacant properties, and accounting, as well as facilitating tenant, owner, and vendor communications.
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