RPX Corporation (RPXC) Scheduled to Post Earnings on Monday
RPX Corporation (NASDAQ:RPXC) will release its earnings data after the market closes on Monday, October 30th. Analysts expect RPX Corporation to post earnings of $0.17 per share for the quarter. RPX Corporation has set its Q3 guidance at $0.14-0.18 EPS and its FY17 guidance at $0.64-76 EPS.
RPX Corporation (NASDAQ:RPXC) last posted its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. RPX Corporation had a return on equity of 5.51% and a net margin of 6.01%. The firm had revenue of $80.40 million during the quarter, compared to analysts’ expectations of $81.27 million. During the same period in the prior year, the business earned $0.18 EPS. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, analysts expect RPX Corporation to post $0.51 EPS for the current fiscal year and $0.53 EPS for the next fiscal year.
RPX Corporation (NASDAQ RPXC) traded down 0.856% during trading on Monday, hitting $13.315. The stock had a trading volume of 21,099 shares. The firm has a market cap of $659.09 million, a P/E ratio of 33.204 and a beta of 1.44. RPX Corporation has a 52-week low of $8.99 and a 52-week high of $15.15. The company has a 50-day moving average of $13.12 and a 200 day moving average of $13.24.
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In other RPX Corporation news, insider Mallun Yen sold 10,000 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $12.92, for a total value of $129,200.00. Following the completion of the sale, the insider now owns 157,560 shares in the company, valued at approximately $2,035,675.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Shelby W. Bonnie sold 34,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $12.51, for a total transaction of $425,340.00. Following the sale, the director now owns 64,757 shares of the company’s stock, valued at approximately $810,110.07. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,560 shares of company stock valued at $1,094,932. 3.52% of the stock is owned by insiders.
Several brokerages have weighed in on RPXC. BidaskClub cut RPX Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded RPX Corporation from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $13.50.
RPX Corporation Company Profile
RPX Corporation is engaged in providing an alternative to litigation through its patent risk management services. The Company helps companies reduce patent litigation risk and corporate legal expense through two primary service offerings: patent risk management services and discovery services. It operates through two segments: patent risk management and discovery services.
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