Zacks: Brokerages Anticipate Rambus, Inc. (RMBS) Will Post Earnings of $0.19 Per Share

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

According to Zacks, analysts expect that Rambus will report full-year earnings of $0.69 per share for the current year, with EPS estimates ranging from $0.68 to $0.70. For the next year, analysts anticipate that the firm will report earnings of $0.71 per share, with EPS estimates ranging from $0.68 to $0.73. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Rambus.

Rambus (NASDAQ:RMBS) last announced its quarterly earnings data 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. The business had revenue of $99.10 million during the quarter, compared to the consensus estimate of $99.00 million. Rambus had a net margin of 2.54% and a return on equity of 9.79%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 earnings per share.

Several analysts have issued reports on the stock. TheStreet raised shares of Rambus from a “c+” rating to a “b-” rating in a research note on Friday, October 13th. BidaskClub lowered shares of Rambus from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. JPMorgan Chase & Co. lowered shares of Rambus from an “overweight” rating to a “neutral” rating and set a $15.00 target price on the stock. in a research report on Friday, September 22nd. Zacks Investment Research lowered shares of Rambus from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Finally, Citigroup raised their target price on shares of Rambus from $15.30 to $15.90 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $15.98.

Shares of Rambus (NASDAQ:RMBS) traded up $0.02 during midday trading on Monday, reaching $14.50. 597,300 shares of the company’s stock traded hands, compared to its average volume of 727,775. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $1,591.78, a P/E ratio of 161.11, a P/E/G ratio of 2.59 and a beta of 0.75. Rambus has a twelve month low of $11.30 and a twelve month high of $15.50.

In related news, Director Eric B. Stang sold 5,000 shares of Rambus stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $14.73, for a total transaction of $73,650.00. Following the transaction, the director now directly owns 11,792 shares of the company’s stock, valued at $173,696.16. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Laura Stark sold 3,069 shares of Rambus stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $13.65, for a total transaction of $41,891.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,772 shares of company stock worth $416,796. Corporate insiders own 2.00% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Pinebridge Investments L.P. increased its holdings in Rambus by 1.5% during the second quarter. Pinebridge Investments L.P. now owns 14,720 shares of the semiconductor company’s stock valued at $169,000 after buying an additional 219 shares during the period. Amalgamated Bank increased its holdings in Rambus by 3.7% during the second quarter. Amalgamated Bank now owns 15,208 shares of the semiconductor company’s stock valued at $174,000 after buying an additional 549 shares during the period. Ameritas Investment Partners Inc. increased its holdings in Rambus by 9.2% during the second quarter. Ameritas Investment Partners Inc. now owns 9,734 shares of the semiconductor company’s stock valued at $111,000 after buying an additional 822 shares during the period. Numeric Investors LLC increased its holdings in Rambus by 7.8% during the second quarter. Numeric Investors LLC now owns 24,800 shares of the semiconductor company’s stock valued at $283,000 after buying an additional 1,800 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in Rambus by 2.3% during the second quarter. The Manufacturers Life Insurance Company now owns 85,901 shares of the semiconductor company’s stock valued at $981,000 after buying an additional 1,959 shares during the period. 77.01% of the stock is currently owned by institutional investors.

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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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