Brokerages Anticipate Rambus Inc. (RMBS) Will Post Quarterly Sales of $97.00 Million
Wall Street analysts forecast that Rambus Inc. (NASDAQ:RMBS) will report sales of $97.00 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Rambus’ earnings. Rambus reported sales of $97.35 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 0.4%. The company is expected to issue its next earnings results on Monday, April 23rd.
According to Zacks, analysts expect that Rambus will report full year sales of $97.00 million for the current fiscal year. For the next year, analysts expect that the business will report sales of $420.50 million per share, with estimates ranging from $416.00 million to $425.00 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Rambus.
Rambus (NASDAQ:RMBS) last issued its quarterly earnings results on Monday, January 29th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. Rambus had a negative net margin of 4.70% and a positive return on equity of 9.54%. The company had revenue of $101.89 million during the quarter, compared to analyst estimates of $101.25 million. During the same quarter last year, the business posted $0.16 EPS. Rambus’s quarterly revenue was up 4.4% compared to the same quarter last year.
Shares of Rambus stock traded down $0.35 during mid-day trading on Monday, hitting $13.46. 547,140 shares of the stock traded hands, compared to its average volume of 904,989. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.76 and a current ratio of 2.80. Rambus has a 12 month low of $11.30 and a 12 month high of $15.50. The stock has a market cap of $1,529.79, a price-to-earnings ratio of -80.29, a P/E/G ratio of 2.11 and a beta of 0.50.
In related news, Director David A. Shrigley sold 5,000 shares of Rambus stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $14.18, for a total value of $70,900.00. Following the completion of the transaction, the director now directly owns 48,045 shares in the company, valued at approximately $681,278.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Laura Stark sold 2,940 shares of Rambus stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $14.10, for a total transaction of $41,454.00. Following the completion of the transaction, the senior vice president now owns 199,673 shares of the company’s stock, valued at $2,815,389.30. The disclosure for this sale can be found here. Insiders sold a total of 24,925 shares of company stock valued at $336,442 over the last quarter. 3.20% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in RMBS. Nationwide Fund Advisors grew its stake in Rambus by 18.4% in the 3rd quarter. Nationwide Fund Advisors now owns 88,226 shares of the semiconductor company’s stock valued at $1,178,000 after buying an additional 13,713 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of Rambus during the 3rd quarter valued at $341,000. BNP Paribas Arbitrage SA grew its position in shares of Rambus by 47.7% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 55,559 shares of the semiconductor company’s stock valued at $742,000 after purchasing an additional 17,954 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its position in shares of Rambus by 59.7% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 41,920 shares of the semiconductor company’s stock valued at $560,000 after purchasing an additional 15,670 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Rambus by 4.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 172,047 shares of the semiconductor company’s stock valued at $2,297,000 after purchasing an additional 6,995 shares in the last quarter. Institutional investors and hedge funds own 81.18% of the company’s stock.
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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