RPX Corp. (RPXC) to Release Earnings on Tuesday
RPX Corp. (NASDAQ:RPXC) will release its Q313 earnings data on Tuesday, October 29th. Analysts expect RPX Corp. to post earnings of $0.21 per share and revenue of $58.00 million for the quarter.
RPX Corp. (NASDAQ:RPXC) last released its earnings data on Tuesday, July 30th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.03. The company had revenue of $57.50 million for the quarter, compared to the consensus estimate of $57.19 million. During the same quarter last year, the company posted $0.29 earnings per share. RPX Corp.’s revenue was up 4.2% compared to the same quarter last year. On average, analysts expect RPX Corp. to post $0.99 EPS for the current fiscal year and $1.06 EPS for the next fiscal year.
Shares of RPX Corp. (NASDAQ:RPXC) opened at 17.08 on Monday. RPX Corp. has a 52-week low of $8.55 and a 52-week high of $19.88. The stock’s 50-day moving average is $16.5 and its 200-day moving average is $15.37. The company has a market cap of $890.8 million and a price-to-earnings ratio of 20.83.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of RPX Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, October 23rd. They now have a $17.90 price target on the stock. Finally, analysts at Lazard Capital Markets raised their price target on shares of RPX Corp. from $19.00 to $22.00 in a research note to investors on Thursday, August 1st. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $19.23.
In other RPX Corp. news, Director Geoffrey T. Barker sold 15,000 shares of the stock on the open market in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $17.21, for a total value of $258,150.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
RPX Corporation (NASDAQ:RPXC) provides patent risk management solutions, offering defensive buying, acquisition syndication, patent intelligence and advisory services.