Zacks: Analysts Anticipate AppFolio Inc (APPF) Will Announce Earnings of $0.19 Per Share

Wall Street brokerages expect that AppFolio Inc (NASDAQ:APPF) will report $0.19 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for AppFolio’s earnings. AppFolio reported earnings of $0.11 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 72.7%. The business is scheduled to report its next earnings results on Monday, August 6th.

According to Zacks, analysts expect that AppFolio will report full-year earnings of $0.75 per share for the current fiscal year, with EPS estimates ranging from $0.71 to $0.78. For the next financial year, analysts forecast that the company will report earnings of $1.10 per share, with EPS estimates ranging from $1.09 to $1.11. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for AppFolio.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings results on Monday, April 30th. The software maker reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.11. AppFolio had a return on equity of 16.05% and a net margin of 8.68%. The business had revenue of $42.34 million during the quarter, compared to the consensus estimate of $41.01 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. AppFolio’s revenue was up 31.8% compared to the same quarter last year.

Several brokerages recently issued reports on APPF. Zacks Investment Research downgraded AppFolio from a “buy” rating to a “hold” rating in a report on Tuesday, July 3rd. TheStreet upgraded AppFolio from a “c” rating to a “b-” rating in a report on Monday, June 25th. BidaskClub downgraded AppFolio from a “strong-buy” rating to a “buy” rating in a report on Monday, June 18th. ValuEngine upgraded AppFolio from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Finally, Morgan Stanley upped their price target on AppFolio from $50.00 to $52.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $48.67.

AppFolio traded down $0.05, hitting $61.55, during trading on Wednesday, Marketbeat reports. 74,100 shares of the company were exchanged, compared to its average volume of 134,314. AppFolio has a 52 week low of $32.20 and a 52 week high of $68.50. The company has a market capitalization of $2.16 billion, a P/E ratio of 220.80 and a beta of 0.69.

In other AppFolio news, CFO Ida Kathleen Kane sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 8th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the transaction, the chief financial officer now owns 5,000 shares of the company’s stock, valued at $275,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William R. Rauth III sold 20,000 shares of the business’s stock in a transaction on Tuesday, April 17th. The stock was sold at an average price of $44.42, for a total value of $888,400.00. Following the completion of the transaction, the director now directly owns 457 shares in the company, valued at approximately $20,299.94. The disclosure for this sale can be found here. In the last three months, insiders sold 30,000 shares of company stock worth $1,413,400. Insiders own 41.96% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. MetLife Investment Advisors LLC purchased a new position in AppFolio in the fourth quarter worth $169,000. Victory Capital Management Inc. bought a new position in shares of AppFolio during the 1st quarter valued at about $228,000. United Capital Financial Advisers LLC bought a new position in shares of AppFolio during the 1st quarter valued at about $332,000. AXA bought a new position in shares of AppFolio during the 4th quarter valued at about $369,000. Finally, Stone Ridge Asset Management LLC bought a new position in shares of AppFolio during the 4th quarter valued at about $372,000. 26.93% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for AppFolio (NASDAQ:APPF)

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