Rambus, Inc. (NASDAQ:RMBS) Scheduled to Post Earnings on Monday
Rambus, Inc. (NASDAQ:RMBS) will post its quarterly earnings results after the market closes on Monday, July 24th. Analysts expect Rambus to post earnings of $0.13 per share for the quarter. Rambus has set its Q2 guidance at $0.10-0.16 EPS.
Rambus (NASDAQ:RMBS) last announced its quarterly earnings data on Monday, April 24th. The semiconductor company reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. Rambus had a return on equity of 9.70% and a net margin of 2.20%. The company had revenue of $97.40 million during the quarter, compared to the consensus estimate of $95.52 million. During the same quarter last year, the company earned $0.13 EPS. The company’s quarterly revenue was up 34.0% on a year-over-year basis. On average, analysts expect Rambus to post $0.45 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Rambus, Inc. (NASDAQ:RMBS) opened at 12.77 on Monday. The firm has a 50 day moving average price of $12.00 and a 200-day moving average price of $12.86. Rambus, Inc. has a 12 month low of $11.30 and a 12 month high of $14.50. The company has a market cap of $1.43 billion, a P/E ratio of 182.43 and a beta of 0.87.
In related news, SVP Laura Stark sold 3,644 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $12.06, for a total value of $43,946.64. Following the completion of the sale, the senior vice president now directly owns 209,176 shares in the company, valued at $2,522,662.56. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders sold 12,830 shares of company stock valued at $160,008. 2.00% of the stock is currently owned by corporate insiders.
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RMBS has been the subject of a number of research analyst reports. Zacks Investment Research cut Rambus from a “hold” rating to a “sell” rating in a report on Saturday, April 29th. Jefferies Group LLC restated a “hold” rating and set a $13.50 price objective on shares of Rambus in a report on Monday, March 20th. TheStreet upgraded Rambus from a “c” rating to a “b-” rating in a report on Monday, April 24th. Finally, BidaskClub cut Rambus from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 20th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $15.00.
Rambus Inc (Rambus) produces hardware and software technologies. The Company’s segments include Memory and Interface Division (MID), which focuses the design, development, manufacturing through partnerships and licensing of technology and solutions that is related to memory and interfaces; Rambus Security Division (RSD), which focuses on the design, development and licensing of technologies for chip and system security, anti-counterfeiting, smart ticketing and mobile payments; Emerging Solutions Division (ESD), which encompasses its long-term research and development efforts in the area of emerging technologies, and Rambus Lighting Division (RLD), which focuses on the design, development and licensing of technologies for lighting.
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