$44.03 Million in Sales Expected for The Rubicon Project, Inc. (RUBI) This Quarter
Brokerages expect The Rubicon Project, Inc. (NYSE:RUBI) to post sales of $44.03 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for The Rubicon Project’s earnings. The lowest sales estimate is $37.81 million and the highest is $50.24 million. The Rubicon Project reported sales of $60.60 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 27.3%. The firm is scheduled to announce its next earnings results on Wednesday, November 1st.
According to Zacks, analysts expect that The Rubicon Project will report full-year sales of $44.03 million for the current year, with estimates ranging from $171.49 million to $206.02 million. For the next year, analysts expect that the company will post sales of $183.09 million per share, with estimates ranging from $173.82 million to $192.35 million. Zacks’ sales calculations are an average based on a survey of research firms that cover The Rubicon Project.
The Rubicon Project (NYSE:RUBI) last announced its quarterly earnings results on Tuesday, August 1st. The software maker reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.06). The Rubicon Project had a negative net margin of 20.28% and a negative return on equity of 1.15%. The company had revenue of $42.90 million during the quarter, compared to the consensus estimate of $47.98 million. During the same quarter last year, the company earned $0.17 earnings per share. The business’s revenue was down 34.1% on a year-over-year basis.
RUBI has been the topic of several recent analyst reports. ValuEngine lowered The Rubicon Project from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. B. Riley reiterated a “neutral” rating and issued a $5.00 price target on shares of The Rubicon Project in a research note on Wednesday, August 2nd. Zacks Investment Research lowered The Rubicon Project from a “buy” rating to a “hold” rating in a research note on Saturday, July 22nd. BidaskClub lowered The Rubicon Project from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $6.00 price target on shares of The Rubicon Project in a research note on Monday, June 5th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $6.36.
Shares of The Rubicon Project (NYSE:RUBI) opened at 4.05 on Friday. The firm has a 50-day moving average price of $3.97 and a 200-day moving average price of $5.32. The Rubicon Project has a 12 month low of $3.38 and a 12 month high of $9.16. The company’s market capitalization is $198.64 million.
Hedge funds have recently modified their holdings of the stock. Oxford Asset Management grew its position in The Rubicon Project by 214.3% during the 1st quarter. Oxford Asset Management now owns 505,710 shares of the software maker’s stock worth $2,979,000 after acquiring an additional 344,820 shares during the last quarter. Vanguard Group Inc. grew its position in The Rubicon Project by 10.0% during the 1st quarter. Vanguard Group Inc. now owns 1,619,460 shares of the software maker’s stock worth $9,538,000 after acquiring an additional 146,748 shares during the last quarter. Schroder Investment Management Group bought a new stake in The Rubicon Project during the 1st quarter worth $355,000. Swiss National Bank grew its position in The Rubicon Project by 9.7% during the 1st quarter. Swiss National Bank now owns 56,400 shares of the software maker’s stock worth $332,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in The Rubicon Project by 3.4% during the 1st quarter. Bank of New York Mellon Corp now owns 195,044 shares of the software maker’s stock worth $1,149,000 after acquiring an additional 6,413 shares during the last quarter. Institutional investors and hedge funds own 62.56% of the company’s stock.
The Rubicon Project Company Profile
The Rubicon Project, Inc offers a technology solution to automate the purchase and sale of advertising for buyers and sellers. The Company’s solution enables buyers and sellers to purchase and sell a range of advertising units, including display and video; utilizing various inventory types, including direct sale of inventory and real-time bidding (RTB), and across digital channels, including mobile Web, mobile application and desktop, as well as across various out of home channels, such as digital billboards.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for The Rubicon Project Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Rubicon Project Inc. and related companies with MarketBeat.com's FREE daily email newsletter.