Brokerages expect AppFolio Inc (NASDAQ:APPF) to post $0.15 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for AppFolio’s earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.21. AppFolio reported earnings per share of $0.24 in the same quarter last year, which would suggest a negative year-over-year growth rate of 37.5%. The firm is scheduled to announce its next quarterly earnings results on Monday, July 29th.

According to Zacks, analysts expect that AppFolio will report full year earnings of $0.59 per share for the current year, with EPS estimates ranging from $0.52 to $0.67. For the next year, analysts anticipate that the business will post earnings of $0.93 per share, with EPS estimates ranging from $0.68 to $1.20. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for AppFolio.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings results on Thursday, February 28th. The software maker reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.06). AppFolio had a return on equity of 19.56% and a net margin of 9.46%. The business had revenue of $50.37 million during the quarter, compared to the consensus estimate of $48.06 million.

Several brokerages recently weighed in on APPF. William Blair restated an “outperform” rating on shares of AppFolio in a research report on Friday, May 3rd. Zacks Investment Research upgraded shares of AppFolio from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 18th. Morgan Stanley boosted their price target on shares of AppFolio from $61.00 to $82.00 and gave the stock an “underweight” rating in a research report on Monday, May 6th. BidaskClub upgraded shares of AppFolio from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 15th. Finally, DA Davidson boosted their price objective on shares of AppFolio to $73.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. AppFolio currently has an average rating of “Hold” and an average price target of $87.67.

APPF traded up $3.30 during trading hours on Friday, hitting $98.93. The company’s stock had a trading volume of 1,579 shares, compared to its average volume of 155,643. AppFolio has a 12 month low of $51.15 and a 12 month high of $98.65. The stock has a market capitalization of $3.17 billion, a PE ratio of 175.89 and a beta of 1.31. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.51 and a current ratio of 1.51.

In other AppFolio news, Director William R. Rauth III sold 20,000 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $96.11, for a total transaction of $1,922,200.00. Following the transaction, the director now owns 20,000 shares in the company, valued at $1,922,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ida Kathleen Kane sold 2,500 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $93.29, for a total transaction of $233,225.00. Following the sale, the chief financial officer now directly owns 2,500 shares of the company’s stock, valued at $233,225. The disclosure for this sale can be found here. Insiders have sold 27,500 shares of company stock worth $2,563,925 in the last quarter. Company insiders own 42.46% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of AppFolio during the first quarter valued at $40,000. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in shares of AppFolio during the first quarter valued at $93,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of AppFolio by 66.8% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,738 shares of the software maker’s stock valued at $138,000 after purchasing an additional 696 shares during the period. Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of AppFolio during the first quarter valued at $147,000. Finally, Advisor Group Inc. boosted its stake in shares of AppFolio by 50.6% during the fourth quarter. Advisor Group Inc. now owns 3,350 shares of the software maker’s stock valued at $199,000 after purchasing an additional 1,125 shares during the period. 30.72% of the stock is owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for AppFolio (NASDAQ:APPF)

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