$0.01 Earnings Per Share Expected for Rimini Street Inc (RMNI) This Quarter

Analysts expect Rimini Street Inc (NASDAQ:RMNI) to announce $0.01 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Rimini Street’s earnings. The firm is expected to issue its next earnings report on Thursday, February 14th.

According to Zacks, analysts expect that Rimini Street will report full-year earnings of ($0.28) per share for the current year. For the next financial year, analysts expect that the company will report earnings of $0.12 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for Rimini Street.

Rimini Street (NASDAQ:RMNI) last issued its quarterly earnings results on Thursday, November 8th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.08. The business had revenue of $62.63 million for the quarter.

Shares of RMNI opened at $5.12 on Wednesday. Rimini Street has a 12-month low of $4.00 and a 12-month high of $8.94.

In other news, SVP Kevin Maddock sold 25,000 shares of Rimini Street stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $5.04, for a total transaction of $126,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Sebastian Grady sold 34,067 shares of Rimini Street stock in a transaction dated Thursday, October 25th. The shares were sold at an average price of $7.06, for a total value of $240,513.02. The disclosure for this sale can be found here. In the last quarter, insiders have sold 496,482 shares of company stock valued at $2,659,588.

Several institutional investors and hedge funds have recently modified their holdings of the company. Kingstown Capital Management L.P. lifted its position in Rimini Street by 275.0% in the 3rd quarter. Kingstown Capital Management L.P. now owns 1,125,000 shares of the company’s stock worth $7,099,000 after buying an additional 825,000 shares during the last quarter. Cowen Inc. lifted its position in Rimini Street by 48.6% in the 2nd quarter. Cowen Inc. now owns 766,778 shares of the company’s stock worth $5,023,000 after buying an additional 250,763 shares during the last quarter. Morgan Stanley lifted its position in Rimini Street by 83.2% in the 3rd quarter. Morgan Stanley now owns 733,421 shares of the company’s stock worth $4,627,000 after buying an additional 333,141 shares during the last quarter. Vanguard Group Inc. lifted its position in Rimini Street by 192.0% in the 3rd quarter. Vanguard Group Inc. now owns 603,813 shares of the company’s stock worth $3,810,000 after buying an additional 397,057 shares during the last quarter. Finally, BlackRock Inc. lifted its position in Rimini Street by 8.1% in the 3rd quarter. BlackRock Inc. now owns 451,088 shares of the company’s stock worth $2,846,000 after buying an additional 33,737 shares during the last quarter. Hedge funds and other institutional investors own 40.21% of the company’s stock.

About Rimini Street

Rimini Street, Inc provides enterprise software products and services for various industries. The company offers third-party support for Oracle and SAP software products. It sells its solutions primarily through direct sales organizations in North America, Latin America, Europe, Africa, the Middle East, Asia, and the Asia-Pacific.

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