$0.14 Earnings Per Share Expected for AppFolio Inc (NASDAQ:APPF) This Quarter

Analysts forecast that AppFolio Inc (NASDAQ:APPF) will announce earnings per share (EPS) of $0.14 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for AppFolio’s earnings, with estimates ranging from $0.12 to $0.16. AppFolio posted earnings of $0.65 per share during the same quarter last year, which suggests a negative year over year growth rate of 78.5%. The firm is scheduled to issue its next quarterly earnings results on Monday, August 3rd.

According to Zacks, analysts expect that AppFolio will report full year earnings of $0.49 per share for the current financial year, with EPS estimates ranging from $0.41 to $0.56. For the next financial year, analysts forecast that the firm will post earnings of $0.83 per share, with EPS estimates ranging from $0.77 to $0.88. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover AppFolio.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings results on Monday, May 4th. The software maker reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.02). The company had revenue of $72.50 million during the quarter, compared to the consensus estimate of $72.50 million. AppFolio had a return on equity of 27.61% and a net margin of 12.73%.

A number of analysts have recently commented on the company. Zacks Investment Research raised AppFolio from a “hold” rating to a “buy” rating and set a $193.00 price target for the company in a research note on Thursday, June 4th. William Blair downgraded shares of AppFolio from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 27th. They noted that the move was a valuation call. TheStreet raised shares of AppFolio from a “c+” rating to a “b-” rating in a research report on Wednesday, June 3rd. BidaskClub raised shares of AppFolio from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. Finally, DA Davidson downgraded AppFolio from a “neutral” rating to an “underperform” rating and set a $88.00 price objective on the stock. in a research note on Monday, May 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. AppFolio currently has an average rating of “Hold” and an average price target of $129.03.

In related news, Director Janet Kerr sold 500 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $105.85, for a total value of $52,925.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Ida Kathleen Kane sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $108.25, for a total transaction of $541,250.00. Following the completion of the transaction, the chief financial officer now directly owns 5,000 shares of the company’s stock, valued at $541,250. The disclosure for this sale can be found here. Insiders have sold a total of 75,647 shares of company stock worth $10,356,053 over the last 90 days. Corporate insiders own 41.99% of the company’s stock.

A number of hedge funds have recently modified their holdings of APPF. FMR LLC acquired a new position in AppFolio during the first quarter valued at approximately $4,105,000. Principal Financial Group Inc. raised its stake in shares of AppFolio by 51.8% during the 4th quarter. Principal Financial Group Inc. now owns 14,821 shares of the software maker’s stock worth $1,630,000 after purchasing an additional 5,058 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of AppFolio by 1.8% in the 4th quarter. Rhumbline Advisers now owns 21,504 shares of the software maker’s stock valued at $2,364,000 after buying an additional 380 shares during the last quarter. Swiss National Bank grew its stake in shares of AppFolio by 4.4% in the fourth quarter. Swiss National Bank now owns 28,200 shares of the software maker’s stock valued at $3,101,000 after buying an additional 1,200 shares in the last quarter. Finally, State Street Corp increased its holdings in AppFolio by 1.2% during the fourth quarter. State Street Corp now owns 338,993 shares of the software maker’s stock worth $37,272,000 after buying an additional 4,168 shares during the last quarter. Hedge funds and other institutional investors own 38.30% of the company’s stock.

NASDAQ:APPF traded down $3.89 during mid-day trading on Friday, hitting $163.56. The company had a trading volume of 110,672 shares, compared to its average volume of 149,633. The company has a debt-to-equity ratio of 1.04, a quick ratio of 2.40 and a current ratio of 2.40. AppFolio has a fifty-two week low of $81.01 and a fifty-two week high of $180.56. The firm has a market cap of $5.60 billion, a P/E ratio of 168.62 and a beta of 1.05. The business’s fifty day moving average is $154.55 and its two-hundred day moving average is $124.50.

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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