Brokerages Expect AppFolio Inc (APPF) Will Announce Earnings of $0.22 Per Share

Share on StockTwits

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.

A number of research firms recently weighed in on APPF. BidaskClub upgraded shares of AppFolio from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 16th. Zacks Investment Research lowered shares of AppFolio from a “buy” rating to a “hold” rating in a research report on Tuesday, July 3rd. Morgan Stanley boosted their price target on shares of AppFolio from $52.00 to $56.00 and gave the stock a “sell” rating in a research report on Tuesday, July 31st. Finally, TheStreet upgraded shares of AppFolio from a “c” rating to a “b-” rating in a research report on Monday, June 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $70.50.

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.

See Also: Calculate Your Return on Investment (ROI)

Get a free copy of the Zacks research report on AppFolio (APPF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for AppFolio (NASDAQ:APPF)

Receive News & Ratings for AppFolio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AppFolio and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.