Analysts Anticipate Rambus Inc. (RMBS) to Announce $0.21 EPS

Equities research analysts predict that Rambus Inc. (NASDAQ:RMBS) will announce earnings per share (EPS) of $0.21 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Rambus’ earnings. The lowest EPS estimate is $0.20 and the highest is $0.21. Rambus posted earnings per share of $0.17 during the same quarter last year, which suggests a positive year-over-year growth rate of 23.5%. The firm is expected to issue its next earnings results on Monday, April 23rd.

According to Zacks, analysts expect that Rambus will report full-year earnings of $0.85 per share for the current fiscal year, with EPS estimates ranging from $0.84 to $0.85. For the next year, analysts anticipate that the firm will report earnings of $0.94 per share, with EPS estimates ranging from $0.93 to $0.95. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Rambus.

Rambus (NASDAQ:RMBS) last released its quarterly earnings data on Monday, January 29th. The semiconductor company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Rambus had a negative net margin of 4.70% and a positive return on equity of 9.56%. The business had revenue of $101.89 million for the quarter, compared to analyst estimates of $101.25 million. During the same period in the previous year, the firm earned $0.16 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year.

Several brokerages recently weighed in on RMBS. Loop Capital reissued a “buy” rating and issued a $19.00 target price (up previously from $16.00) on shares of Rambus in a research note on Tuesday, October 24th. Citigroup boosted their target price on shares of Rambus from $15.30 to $15.90 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Zacks Investment Research raised shares of Rambus from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Friday, October 27th. BidaskClub downgraded shares of Rambus from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, Benchmark reissued a “buy” rating and issued a $18.00 target price (up previously from $16.00) on shares of Rambus in a research note on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $16.32.

In related news, Director Eric B. Stang sold 5,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $14.73, for a total value of $73,650.00. Following the completion of the transaction, the director now owns 11,792 shares of the company’s stock, valued at approximately $173,696.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric B. Stang sold 6,000 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $12.33, for a total transaction of $73,980.00. Following the transaction, the director now directly owns 11,792 shares of the company’s stock, valued at approximately $145,395.36. The disclosure for this sale can be found here. Insiders sold a total of 38,053 shares of company stock valued at $538,982 in the last three months. 2.00% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Amalgamated Bank increased its stake in shares of Rambus by 3.7% during the 2nd quarter. Amalgamated Bank now owns 15,208 shares of the semiconductor company’s stock valued at $174,000 after acquiring an additional 549 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Rambus by 9.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,734 shares of the semiconductor company’s stock valued at $111,000 after acquiring an additional 822 shares during the last quarter. Numeric Investors LLC increased its stake in shares of Rambus by 7.8% during the 2nd quarter. Numeric Investors LLC now owns 24,800 shares of the semiconductor company’s stock valued at $283,000 after acquiring an additional 1,800 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Rambus by 2.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 85,901 shares of the semiconductor company’s stock valued at $981,000 after acquiring an additional 1,959 shares during the last quarter. Finally, American International Group Inc. increased its stake in shares of Rambus by 5.4% during the 3rd quarter. American International Group Inc. now owns 87,623 shares of the semiconductor company’s stock valued at $1,170,000 after acquiring an additional 4,471 shares during the last quarter. 78.29% of the stock is owned by institutional investors.

Rambus (NASDAQ RMBS) traded up $0.28 during trading on Friday, hitting $12.13. 1,015,119 shares of the company traded hands, compared to its average volume of 1,007,291. Rambus has a 1-year low of $11.30 and a 1-year high of $15.50. The company has a quick ratio of 2.76, a current ratio of 2.80 and a debt-to-equity ratio of 0.31. The stock has a market cap of $1,331.61, a price-to-earnings ratio of -71.35, a PEG ratio of 1.85 and a beta of 0.52.

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Rambus Company Profile

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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