Rambus Inc. (RMBS) Expected to Announce Earnings of $0.26 Per Share

Brokerages expect Rambus Inc. (NASDAQ:RMBS) to report earnings of $0.26 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Rambus’ earnings. The lowest EPS estimate is $0.25 and the highest is $0.26. Rambus posted earnings of $0.19 per share in the same quarter last year, which would indicate a positive year over year growth rate of 36.8%. The firm is expected to issue its next quarterly earnings results on Monday, February 4th.

On average, analysts expect that Rambus will report full year earnings of $0.90 per share for the current fiscal year, with EPS estimates ranging from $0.89 to $0.91. For the next year, analysts expect that the company will report earnings of $0.91 per share, with EPS estimates ranging from $0.90 to $0.92. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Rambus.

Rambus (NASDAQ:RMBS) last released its earnings results on Monday, October 29th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.23). The firm had revenue of $59.80 million for 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%. Rambus’s revenue for the quarter was down 39.7% on a year-over-year basis. During the same quarter last year, the company posted $0.19 EPS.

Several equities research analysts recently issued reports on RMBS shares. BidaskClub downgraded shares of Rambus from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 12th. ValuEngine downgraded shares of Rambus from a “sell” rating to a “strong sell” rating in a research note on Monday, October 8th. Roth Capital cut their target price on shares of Rambus from $18.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, October 23rd. Deutsche Bank cut their target price on shares of Rambus from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, October 30th. Finally, Zacks Investment Research upgraded shares of Rambus from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Saturday, August 4th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Rambus has a consensus rating of “Hold” and an average price target of $14.80.

Shares of NASDAQ RMBS traded up $0.08 during mid-day trading on Monday, hitting $8.72. The company had a trading volume of 502,689 shares, compared to its average volume of 610,457. The stock has a market capitalization of $937.45 million, a price-to-earnings ratio of 19.38, a PEG ratio of 1.15 and a beta of 0.51. The company has a debt-to-equity ratio of 0.18, a current ratio of 8.02 and a quick ratio of 7.91. Rambus has a one year low of $7.30 and a one year high of $15.43.

In other Rambus news, Vice Chairman Charles Kissner sold 5,896 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now directly owns 33,347 shares in the company, valued at $353,144.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.20% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Meadow Creek Investment Management LLC raised its position in shares of Rambus by 30.9% in the second quarter. Meadow Creek Investment Management LLC now owns 20,272 shares of the semiconductor company’s stock valued at $254,000 after buying an additional 4,788 shares in the last quarter. Bank of America Corp DE increased its stake in Rambus by 5.8% in the second quarter. Bank of America Corp DE now owns 99,710 shares of the semiconductor company’s stock valued at $1,250,000 after acquiring an additional 5,457 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Rambus by 8.2% in the third quarter. Russell Investments Group Ltd. now owns 86,502 shares of the semiconductor company’s stock valued at $944,000 after acquiring an additional 6,583 shares during the last quarter. Summit Global Investments increased its stake in Rambus by 15.5% in the second quarter. Summit Global Investments now owns 49,300 shares of the semiconductor company’s stock valued at $618,000 after acquiring an additional 6,600 shares during the last quarter. Finally, NumerixS Investment Technologies Inc increased its stake in Rambus by 471.4% in the second quarter. NumerixS Investment Technologies Inc now owns 8,000 shares of the semiconductor company’s stock valued at $104,000 after acquiring an additional 6,600 shares during the last quarter. Hedge funds and other institutional investors own 79.32% of the company’s stock.

About Rambus

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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