Analysts Expect The Rubicon Project, Inc. (RUBI) Will Announce Quarterly Sales of $37.87 Million
Wall Street brokerages expect The Rubicon Project, Inc. (NYSE:RUBI) to report sales of $37.87 million for the current quarter, Zacks reports. Three analysts have provided estimates for The Rubicon Project’s earnings, with estimates ranging from $37.63 million to $38.18 million. The Rubicon Project posted sales of $60.60 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 37.5%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Thursday, November 2nd.
On average, analysts expect that The Rubicon Project will report full-year sales of $37.87 million for the current year, with estimates ranging from $169.50 million to $178.00 million. For the next financial year, analysts expect that the company will post sales of $165.24 million per share, with estimates ranging from $154.90 million to $173.82 million. Zacks’ sales averages are an average based on a survey of research firms that cover The Rubicon Project.
The Rubicon Project (NYSE:RUBI) last released its quarterly earnings results on Tuesday, August 1st. The software maker reported ($0.21) EPS 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 firm posted $0.17 EPS. The company’s quarterly revenue was down 34.1% on a year-over-year basis.
Several research firms recently issued reports on RUBI. BidaskClub cut The Rubicon Project from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. B. Riley reissued a “neutral” rating and issued a $5.00 target price on shares of The Rubicon Project in a research note on Tuesday, September 12th. Needham & Company LLC reissued a “hold” rating on shares of The Rubicon Project in a research note on Thursday, August 24th. Zacks Investment Research raised The Rubicon Project from a “hold” rating to a “buy” rating and set a $5.50 target price on the stock in a research note on Thursday, July 13th. Finally, Citigroup Inc. cut their target price on The Rubicon Project from $6.00 to $4.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 26th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $6.10.
Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted 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 valued at $9,538,000 after acquiring an additional 146,748 shares in the last quarter. Swiss National Bank boosted 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 valued at $332,000 after acquiring an additional 5,000 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in The Rubicon Project during the 2nd quarter valued at approximately $863,000. Bank of New York Mellon Corp boosted 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 valued at $1,149,000 after acquiring an additional 6,413 shares in the last quarter. Finally, PNC Financial Services Group Inc. bought a new stake in The Rubicon Project during the 1st quarter valued at approximately $321,000. 62.44% of the stock is currently owned by institutional investors and hedge funds.
The Rubicon Project (RUBI) traded down 2.02% during midday trading on Wednesday, hitting $3.40. The company’s stock had a trading volume of 283,536 shares. The stock has a 50 day moving average of $3.76 and a 200 day moving average of $4.68. The company’s market cap is $166.76 million. The Rubicon Project has a 52-week low of $3.31 and a 52-week high of $9.16.
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.