AppFolio (APPF) Expected to Announce Quarterly Earnings on Thursday

AppFolio (NASDAQ:APPF) will likely be announcing its earnings results before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.94 per share and revenue of $199,860.00 billion for the quarter. AppFolio has set its FY 2024 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

AppFolio (NASDAQ:APPF) last released its earnings results on Thursday, October 24th. The software maker reported $1.29 EPS for the quarter, topping the consensus estimate of $1.03 by $0.26. AppFolio had a net margin of 17.26% and a return on equity of 30.64%. The firm had revenue of $206.00 million during the quarter, compared to analysts’ expectations of $199.11 million. During the same period in the previous year, the company earned $0.26 EPS. AppFolio’s revenue for the quarter was up 24.5% on a year-over-year basis. On average, analysts expect AppFolio to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

AppFolio Stock Down 0.1 %

Shares of AppFolio stock opened at $251.92 on Tuesday. AppFolio has a fifty-two week low of $172.98 and a fifty-two week high of $274.56. The business’s fifty day moving average is $250.22 and its two-hundred day moving average is $235.59. The firm has a market cap of $9.15 billion, a PE ratio of 70.17 and a beta of 0.87.

Insider Transactions at AppFolio

In related news, Director Scanlan Agnes Bundy sold 500 shares of AppFolio stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $255.42, for a total transaction of $127,710.00. Following the sale, the director now owns 5,416 shares of the company’s stock, valued at $1,383,354.72. The trade was a 8.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Matthew S. Mazza sold 926 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $229.04, for a total transaction of $212,091.04. Following the completion of the transaction, the insider now directly owns 33,819 shares of the company’s stock, valued at approximately $7,745,903.76. The trade was a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,768 shares of company stock valued at $5,744,891 over the last quarter. Company insiders own 5.24% of the company’s stock.

Analyst Upgrades and Downgrades

APPF has been the topic of a number of research analyst reports. Piper Sandler lowered AppFolio from an “overweight” rating to a “neutral” rating and set a $265.00 price target on the stock. in a research note on Monday, January 6th. Keefe, Bruyette & Woods cut shares of AppFolio from a “market perform” rating to an “underperform” rating and decreased their target price for the stock from $255.00 to $193.00 in a research report on Tuesday, October 15th. Finally, KeyCorp downgraded shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 target price for the company. in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, AppFolio presently has a consensus rating of “Hold” and a consensus target price of $268.57.

AppFolio Company Profile

AppFolio, Inc, together with its subsidiaries, provides cloud business management solutions for the real estate industry in the United States. The company provides a cloud-based platform that enables users to automate and optimize common workflows; tools that assist with leasing, maintenance, and accounting; and other technology and services offered by third parties.