Brokerages Expect AppFolio Inc (APPF) to Announce $0.20 EPS

Analysts forecast that AppFolio Inc (NASDAQ:APPF) will report $0.20 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for AppFolio’s earnings, with the highest EPS estimate coming in at $0.23 and the lowest estimate coming in at $0.17. AppFolio reported earnings per share of $0.12 during the same quarter last year, which suggests a positive year-over-year growth rate of 66.7%. The firm is scheduled to report its next quarterly earnings results after the market closes on Thursday, February 28th.

On average, analysts expect that AppFolio will report full year earnings of $0.84 per share for the current financial year, with EPS estimates ranging from $0.79 to $0.88. For the next financial year, analysts forecast that the firm will post earnings of $1.29 per share, with EPS estimates ranging from $1.18 to $1.40. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow AppFolio.

APPF has been the subject of several analyst reports. Zacks Investment Research downgraded AppFolio from a “buy” rating to a “hold” rating in a research note on Tuesday, January 1st. TheStreet downgraded AppFolio from a “b-” rating to a “c+” rating in a research note on Thursday, November 1st. DA Davidson initiated coverage on AppFolio in a research note on Wednesday, December 5th. They issued a “neutral” rating and a $66.00 target price for the company. Finally, BidaskClub upgraded AppFolio from a “sell” rating to a “hold” rating in a research note on Tuesday, November 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. AppFolio has an average rating of “Hold” and an average price target of $62.33.

APPF stock opened at $65.00 on Friday. AppFolio has a fifty-two week low of $38.25 and a fifty-two week high of $91.49. The firm has a market cap of $2.21 billion, a PE ratio of 232.14, a PEG ratio of 3.48 and a beta of 1.19.

In other news, CTO Jonathan Walker sold 30,000 shares of AppFolio stock in a transaction dated Thursday, January 24th. The stock was sold at an average price of $61.81, for a total transaction of $1,854,300.00. Following the completion of the sale, the chief technology officer now owns 30,000 shares in the company, valued at approximately $1,854,300. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jason Robert Randall sold 7,500 shares of AppFolio stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $58.22, for a total value of $436,650.00. The disclosure for this sale can be found here. 41.96% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Northern Trust Corp boosted its position in shares of AppFolio by 1.7% during the 4th quarter. Northern Trust Corp now owns 234,344 shares of the software maker’s stock valued at $13,878,000 after acquiring an additional 3,882 shares during the last quarter. Advisor Group Inc. boosted its position in shares of AppFolio by 50.6% during the 4th quarter. Advisor Group Inc. now owns 3,350 shares of the software maker’s stock valued at $199,000 after acquiring an additional 1,125 shares during the last quarter. BlackRock Inc. boosted its position in shares of AppFolio by 6.3% during the 4th quarter. BlackRock Inc. now owns 990,684 shares of the software maker’s stock valued at $58,668,000 after acquiring an additional 58,572 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of AppFolio by 9.5% during the 4th quarter. California Public Employees Retirement System now owns 17,345 shares of the software maker’s stock valued at $1,027,000 after acquiring an additional 1,508 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of AppFolio during the 4th quarter valued at about $3,644,000. Hedge funds and other institutional investors own 30.38% of the company’s stock.

About AppFolio

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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