Equities analysts expect Rambus Inc. (NASDAQ:RMBS) to report earnings of $0.26 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Rambus’ earnings, with estimates ranging from $0.25 to $0.26. Rambus posted earnings of $0.19 per share during the same quarter last year, which would indicate a positive year over year growth rate of 36.8%. The business is scheduled to report its next earnings report on Monday, February 4th.
According to Zacks, analysts expect that Rambus will report full year earnings of $0.90 per share for the current year, with EPS estimates ranging from $0.89 to $0.91. For the next year, analysts anticipate that the firm will post earnings of $0.91 per share, with EPS estimates ranging from $0.90 to $0.92. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Rambus.
Rambus (NASDAQ:RMBS) last issued its earnings results on Monday, October 29th. The semiconductor company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.23). The firm had revenue of $59.80 million during the quarter, compared to the consensus estimate of $100.00 million. Rambus had a positive return on equity of 7.78% and a negative net margin of 45.18%. The company’s quarterly revenue was down 39.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 EPS.
RMBS has been the subject of several recent analyst reports. BidaskClub downgraded shares of Rambus from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 12th. ValuEngine downgraded shares of Rambus from a “sell” rating to a “strong sell” rating in a report on Monday, October 8th. Zacks Investment Research downgraded shares of Rambus from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. Deutsche Bank dropped their target price on shares of Rambus from $16.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, October 30th. Finally, Roth Capital dropped their target price on shares of Rambus from $18.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, October 23rd. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Rambus has an average rating of “Hold” and a consensus price target of $14.80.
In other Rambus news, Vice Chairman Charles Kissner sold 5,896 shares of the stock in a transaction dated Tuesday, October 2nd. The shares were sold at an average price of $10.59, for a total transaction of $62,438.64. Following the completion of the transaction, the insider now owns 33,347 shares of the company’s stock, valued at approximately $353,144.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.20% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. NumerixS Investment Technologies Inc boosted its holdings in shares of Rambus by 471.4% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 8,000 shares of the semiconductor company’s stock valued at $104,000 after purchasing an additional 6,600 shares during the last quarter. Advisors Capital Management LLC bought a new position in shares of Rambus during the 2nd quarter valued at about $143,000. Hartford Investment Management Co. bought a new position in shares of Rambus during the 2nd quarter valued at about $168,000. Harvest Management LLC bought a new position in shares of Rambus during the 2nd quarter valued at about $197,000. Finally, Centaurus Financial Inc. bought a new position in shares of Rambus during the 2nd quarter valued at about $201,000. 80.39% of the stock is owned by institutional investors and hedge funds.
Shares of Rambus stock opened at $9.14 on Friday. The firm has a market capitalization of $994.02 million, a P/E ratio of 20.31, a PEG ratio of 1.23 and a beta of 0.51. The company has a quick ratio of 7.91, a current ratio of 8.02 and a debt-to-equity ratio of 0.18. Rambus has a fifty-two week low of $7.30 and a fifty-two week high of $15.50.
Rambus Company Profile
Rambus Inc provides semiconductor products in South Korea and internationally. The company operates through Memory and Interfaces, Security, and Other segments. It focuses on the design, development, and manufacturing through partnerships and licensing of technology and solutions related to memory and interfaces; and design, development, deployment, and licensing of technologies for chip, system and in-field application security, anti-counterfeiting, smart ticketing, and mobile payments.
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