RealPage (RP) to be acquired by Thoma Bravo for $88.75/share

• RealPage is a maker of software for managing rental properties.
• The acquisition is the biggest to date for Thoma Bravo, which manages more than $73 billion. It’s carved out a niche within the buyout industry, focusing on cloud software businesses that draw steady, recurring sales.

 

 

RealPage to be acquired by Thoma Bravo for $88.75/share in cash

Co announced it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services sector, in an all-cash transaction that values RealPage at approximately $10.2 billion, including net debt.

Under the terms of the agreement, RealPage stockholders will receive $88.75 in cash per share of RealPage common stock upon closing of the transaction. The purchase price represents a premium of 30.8% over RealPage's closing stock price of $67.83 on December 18, 2020, a premium of 36.5% over RealPage's 30-day volume-weighted average share price through that date, and a premium of 27.8% over RealPage's all-time high closing stock price of $69.47 on December 7, 2020.

The RealPage Board of Directors has unanimously approved the agreement with Thoma Bravo and recommends that RealPage stockholders vote in favor of the transaction at the special meeting of RealPage stockholders to be called in connection with the transaction.

This week's biggest % winners & losers : Nov 4 - 8, 19 (wk 45)

The following are this week's top percentage gainers and losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top % gainers

• Healthcare: CLVS (5.88 +64.02%), COLL (19.96 +55.33%), SGRY (11.76 +35.48%), SIEN (8.84 +32.34%), EVH (10.12 +29.74%), EPZM (15.18 +28.1%)
• Materials: KOP (43.81 +31.17%), CENX (8.28 +29.17%)
• Industrials: BE (5.17 +54.79%), MAXR (11.8 +31.84%), TGI (27.7 +26.2%)
• Consumer Discretionary: NIO (1.98 +30.26%), SBH (19.9 +27.81%), ODP (2.56 +26.11%)
• Information Technology:  COMM (15.7 +38.82%), SYNA (59.01 +31.02%)
• Financials: TRUP (31.48 +32.55%)

This week's top % losers

• Healthcare: MYGN (23.64 -30.06%), ANIP (57.38 -26.89%), CYTK (8.2 -26.72%), ARQL (7.66 -24.83%)
• Industrials: NSP (68.88 -36.03%), NVEE (53.08 -27.94%)
• Consumer Discretionary: PRTY (2.34 -58.66%), MOD (7.02 -39.43%), EXPE (101.32 -26.47%), SHAK (62.06 -25.02%), ROKU (121.94  -16.76%), RP (54.11  -12.03%)
• Information Technology: PLT (25.47 -37.24%)
• Energy: EXTN (8.64 -33.59%)
• Consumer Staples: MED (74.36 -31.95%)

-=RealPage (RP) reported earnings on Wed 6 Nov 19 (a/h)

RealPage reports EPS in-line, revs in-line; guides Q4 EPS in-line, revs below consensus

Reports Q3 (Sep) earnings of $0.45 per share, excluding non-recurring items, in-line with the S&P Capital IQ Consensus of $0.45; revenues rose 13.4% year/year to $255.2 mln vs the $254.32 mln S&P Capital IQ Consensus.

Co issues guidance for Q4, sees EPS of $0.47-0.49, excluding non-recurring items, vs. $0.48 S&P Capital IQ Consensus; sees Q4 revs of $250-252 mln vs. $258.70 mln S&P Capital IQ Consensus.

=RealPage (RP) reported earnings on Mon 25 Feb 19 (a/h)

RealPage beats by $0.01, reports revs in-line; guides Q1 EPS in-line, revs below consensus; guides FY19 EPS in-line, revs below consensus

• Reports Q4 (Dec) earnings of $0.39 per share, $0.01 better than the S&P Capital IQ Consensus of $0.38; revenues rose 20.9% year/year to $226.97 mln vs the $229.23 mln S&P Capital IQ Consensus.
• Co issues guidance for Q1, sees EPS of $0.39-0.41 vs. $0.41 S&P Capital IQ Consensus; sees Q1 revs of $232.8-234.8 mln vs. $237.85 mln S&P Capital IQ Consensus.
  • Adjusted EBITDA is expected to be in the range of $64.0 million to $66.0 million.
• Co issues guidance for FY19, sees EPS of $1.70-1.79 vs. $1.76 S&P Capital IQ Consensus; sees FY19 revs of $980.0 million to $1.0 billion vs. $1 bln S&P Capital IQ Consensus.
  • Adjusted EBITDA is expected to be in the range of $275.0 million to $285.0 million.

Earnings this week : Feb. 25 - March 1, 2019 (wk 9)

Earnings confirmed to report this week:

Monday (Feb 25)

• Morning: PLAN AWI CRI DORM KOS MDR TEN
• Afternoon:  ALSN APLE APTS ATH AWR BWXT CDEV CORT CRZO DDS  DRH ELGX EPR ETSY EVER FBM FRAC FRGI GSM HNI HTZ IMMU JBT KAMN KBR LDL LSI MEDP MOS NGHC NLS OFIX OKE PBPB PEB PLOW PODD QTS RCII RP RRC SHAK SNHY SYKE THC TRTX TWOU XENT

Tuesday (Feb 26)

• Morning:  AMWD ATHM AVNS AZO BCC BLD BMO BNS BPMC CBRL CLVS DISCA DSX FCN HD LGIH LNG M MNK NCI NXST PRFT RHP RLGY SAFM SDRL SERV SFL SJM SPNS SRE SSTK TA TLRA TPH TREE TRI TRXC USCR VCEL VSI WP WYND XHR
• Afternoon:  AAXN ACAD AKCA ARNA AXGN BGS BNFT CERS CGBD CIR CLGX CPE CSGP CW DRQ DVAX ELF ENPH EOG EVH FOXF FRPT FTR GWPH HEI HPR HURN HY ICFI IMAX IMMR INGN INN INSP JAZZ JBGS MASI MED MELI MGRC MMSI MTDR MYL NBR OAS ORA OUT PANW PEN PLNT PSA PUMP PZZA RRD RRGB RTRX SE SUPN SYX TIVO TNDM TOL VEEV WLL WMGI WTTR WTW

Wednesday (Feb 27)

• Morning:  AES AMRN AMT ANIP BBY CHK CLH CPB DF DNR DOC DY EYE FTDR GCP GTE HMLP HPT HZNP IONS LIVN LOW LXP MDCO MGPI MIDD NEWM NOVT OCN ODP PEG PGTI PNM RDC SBGI SHOO TAST TJX UTHR WAAS 
• Afternoon:  AEGN ALEX AMED ANSS APA ATSG AYX BEL BGNE BILI BKNG BOLD BOX CABO CCRN CHDN COLL CRC CVNA CWK DAR ECPG ERI ESTC ESV FG FIT FOE FTAI FTSI GEF GKOS HGV HHC HPQ ITRI KRA KW LADR LB LHCG MNST NNI ORBC PDCE PK PRAH PRGO PRSC QRTE.A SEMG SJI SOI SQ SRI SRPT STAY SWX TDOC TPC TROX TWNK UHS WIFI WING WTI XLRN

Thursday (Feb 28)

• Morning: AAON ABB ACIW AKRX AMCX AMRX BCPC BID BMCH BPMP BUD CARS CM CMD CNP CRAI CROX CWEN CWT DAVA DEA EGRX ENDP EXLS FOLD FRO FSS GOLF GTN GTS GTT HMHC HRI IBP ICPT IRDM JCP JD KDP LAUR LKQ MGLN MYE NLSN NOMD NRG OPI OXSQ PCRX PDCO PRIM PRTY SEAS SPAR STWD SYNH TD TRS TTI VAC VRTV VST
• Afternoon:  DDD ACHC AIMT ALRM AQN ALTR AMBC AMC APPF AGO ATRC ADSK EQH BIO BLDR CARG CSLT CISN SCOR DELL DCO EIX EDIT FTCH FNKO GCAP GPS GSBD HABT ICUI XON JAG KTOS LYV MAIN MAR MTZ MAXR MBI NKTR NPTN JWN NTNX PLYA PRAA PTCT PBYI PSTG KWR RDUS RBA RLJ SGMO SRG SWN SPPI SPLK SRCL RUN TRHC TCMD TERP TPIC UPWK VMW WDAY ZIXI ZGNX ZS WUBA 

Friday (March 1)

• Morning:  ASTE CLNY CORE XRAY EBIX FL KOP NWN PEGI PTLA SSP SNH STRA TGNA TRCO 

******

• Monday: December Wholesale Inventories (Briefing.com consensus 0.4%; prior 0.3%) at 10:00 ET; $40 bln 2-yr Treasury note auction results at 11:30 ET; and $41 bln 5-yr Treasury note auction results at 13:00 ET
• Tuesday: December S&P Case-Shiller Home Price Index (Briefing.com consensus 4.5%; prior 4.7%) at 8:00 ET; December Housing Starts (Briefing.com consensus 1254K; prior 1256K) and Building Permits (Briefing.com consensus 1290K; prior 1328K) at 8:30 ET; December FHFA Housing Price Index (prior 0.4%) at 9:00 ET; February Consumer Confidence (Briefing.com consensus 125.0; prior 120.2) at 10:00 ET; and $32 bln 7-yr Treasury note auction results at 13:00 ET
• Wednesday: Weekly MBA Mortgage Index (prior 3.6%) at 7:00 ET; January Advance Intl. Trade in Goods; Advance Retail Inventories; and Advance Wholesale Inventories at 8:30 ET; December Factory Orders (Briefing.com consensus 1.0%; prior -0.6%), Fed Chair Powell Semi-Annual Monetary Policy Testimony, and January Pending Home Sales (Briefing.com consensus -0.4%; prior -2.2%) at 10:00 ET; and Weekly EIA Crude Oil Inventories (prior +3.7M) at 10:30 ET
• Thursday: Q4 GDP - Advance (Briefing.com consensus 2.3%; prior 3.4%), Q4 GDP Deflator - Advance (Briefing.com consensus 1.7%; prior 1.8%), weekly Initial Claims (Briefing.com consensus 221K; prior 216K), and Continuing Claims (prior 1725K) at 8:30 ET; February Chicago PMI (Briefing.com consensus 57.5; prior 56.7) at 9:45 ET; and weekly EIA Natural Gas Inventories (prior -177 bcf) at 10:30 ET
• Friday: December Personal Income (Briefing.com consensus 0.3%; prior 0.2%), Personal Spending (Briefing.com consensus -0.2%; prior 0.4%), and January Personal Income (Briefing.com consensus 0.3%) at 8:30 ET; February ISM Manufacturing Index (Briefing.com consensus 56.0; prior 56.6), and Final February Michigan Consumer Sentiment (Briefing.com consensus 95.6; prior 95.5) at 10:00 ET

RealPage (RP) reported earnings on Mon 27 Feb 17 (a/h)

** charts before earnings **

 

** charts after earnings **

RealPage beats by $0.02, reports revs in-line; guides Q1 EPS in-line, revs below consensus; guides FY17 EPS in-line, revs above consensus :

• Reports Q4 (Dec) earnings of $0.22 per share, $0.02 better than the Capital IQ Consensus of $0.20; revenues rose 22.4% year/year to $148.9 mln vs the $149.75 mln Capital IQ Consensus.
• Co issues guidance for Q1, sees EPS of $0.21-0.22, excluding non-recurring items, vs. $0.21 Capital IQ Consensus Estimate; sees Q1 revs of $151.3-153.3 mln vs. $156.61 mln Capital IQ Consensus Estimate.
• Co issues guidance for FY17, sees EPS of $0.89-0.94, excluding non-recurring items, vs. $0.90 Capital IQ Consensus Estimate; sees FY17 revs of $666.3-676.3 mln vs. $650.06 mln Capital IQ Consensus Estimate.