Rambus, Inc. (RMBS) Expected to Post Earnings of $0.19 Per Share

Analysts expect that Rambus, Inc. (NASDAQ:RMBS) will report earnings of $0.19 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Rambus’ earnings. The lowest EPS estimate is $0.19 and the highest is $0.20. Rambus reported earnings of $0.16 per share in the same quarter last year, which would suggest a positive year over year growth rate of 18.8%. The firm is scheduled to announce its next earnings results on Monday, January 29th.

On average, analysts expect that Rambus will report full-year earnings of $0.69 per share for the current financial year, with EPS estimates ranging from $0.68 to $0.70. For the next fiscal year, analysts forecast that the business will report earnings of $0.71 per share, with EPS estimates ranging from $0.68 to $0.73. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Rambus.

Rambus (NASDAQ:RMBS) last issued its quarterly earnings results on Monday, October 23rd. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.02. Rambus had a return on equity of 9.79% and a net margin of 2.54%. The firm had revenue of $99.10 million during the quarter, compared to analyst estimates of $99.00 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue was up 10.2% compared to the same quarter last year.

A number of equities research analysts have recently weighed in on the company. BidaskClub lowered Rambus from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Zacks Investment Research lowered Rambus from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Citigroup boosted their target price on Rambus from $15.30 to $15.90 and gave the company a “buy” rating in a research note on Wednesday, October 25th. 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. Finally, TheStreet upgraded Rambus from a “c+” rating to a “b-” rating in a report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Rambus has a consensus rating of “Hold” and an average price target of $15.98.

In related news, Director Eric B. Stang sold 5,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $14.73, for a total transaction of $73,650.00. Following the transaction, the director now owns 11,792 shares in the company, valued at approximately $173,696.16. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Laura Stark sold 3,069 shares of the business’s stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $13.65, for a total value of $41,891.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,772 shares of company stock worth $416,796. 2.00% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the business. Neuberger Berman Group LLC grew its holdings in shares of Rambus by 9.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 3,803,318 shares of the semiconductor company’s stock worth $50,774,000 after acquiring an additional 329,930 shares during the period. Cubist Systematic Strategies LLC grew its holdings in shares of Rambus by 37.3% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 53,220 shares of the semiconductor company’s stock worth $710,000 after acquiring an additional 14,448 shares during the period. Zions Bancorporation purchased a new position in shares of Rambus during the 3rd quarter worth approximately $122,000. Magnetar Financial LLC purchased a new position in shares of Rambus during the 3rd quarter worth approximately $145,000. Finally, Engineers Gate Manager LP grew its holdings in shares of Rambus by 11.1% during the 3rd quarter. Engineers Gate Manager LP now owns 81,481 shares of the semiconductor company’s stock worth $1,088,000 after acquiring an additional 8,136 shares during the period. Hedge funds and other institutional investors own 77.01% of the company’s stock.

Rambus (NASDAQ:RMBS) traded up $0.02 during midday trading on Monday, hitting $14.50. The stock had a trading volume of 597,300 shares, compared to its average volume of 727,775. Rambus has a 12 month low of $11.30 and a 12 month high of $15.50. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.34 and a current ratio of 1.37. The company has a market cap of $1,591.78, a price-to-earnings ratio of 161.11, a PEG ratio of 2.59 and a beta of 0.75.

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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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