Zacks: Analysts Anticipate Rambus Inc. (RMBS) to Post $0.26 EPS

Brokerages predict that Rambus Inc. (NASDAQ:RMBS) will announce earnings per share of $0.26 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Rambus’ earnings, with the highest EPS estimate coming in at $0.26 and the lowest estimate coming in at $0.25. Rambus posted earnings per share of $0.19 during the same quarter last year, which suggests a positive year over year growth rate of 36.8%. The business is scheduled to report its next earnings results on Monday, February 4th.

According to Zacks, 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 forecast that the business will report earnings of $0.91 per share, with EPS estimates ranging from $0.90 to $0.92. Zacks’ EPS averages are a mean average based on a survey of research analysts that follow Rambus.

Rambus (NASDAQ:RMBS) last posted its quarterly earnings data on Monday, October 29th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.23). Rambus had a positive return on equity of 7.78% and a negative net margin of 45.18%. The firm had revenue of $59.80 million for the quarter, compared to analyst estimates of $100.00 million. During the same period in the prior year, the company posted $0.19 EPS. The firm’s quarterly revenue was down 39.7% compared to the same quarter last year.

RMBS has been the topic of several research reports. BidaskClub downgraded Rambus from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 12th. ValuEngine downgraded Rambus from a “sell” rating to a “strong sell” rating in a report on Monday, October 8th. Roth Capital reduced their price objective on Rambus from $18.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday, October 23rd. Deutsche Bank reduced their price objective on Rambus from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday, October 30th. Finally, Zacks Investment Research raised Rambus from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Saturday, August 4th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $14.80.

NASDAQ:RMBS opened at $8.33 on Monday. Rambus has a 52-week low of $7.30 and a 52-week high of $15.44. The company has a debt-to-equity ratio of 0.18, a quick ratio of 7.91 and a current ratio of 8.02. The firm has a market cap of $903.81 million, a price-to-earnings ratio of 18.51, a PEG ratio of 1.11 and a beta of 0.51.

In other news, Vice Chairman Charles Kissner sold 5,896 shares of the stock in a transaction on Tuesday, October 2nd. The stock was sold at an average price of $10.59, for a total value of $62,438.64. Following the transaction, the insider now owns 33,347 shares of the company’s stock, valued at approximately $353,144.73. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Rambus by 5.2% in the 3rd quarter. BlackRock Inc. now owns 15,598,744 shares of the semiconductor company’s stock valued at $170,182,000 after purchasing an additional 777,922 shares during the period. Vanguard Group Inc. lifted its stake in shares of Rambus by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 10,936,938 shares of the semiconductor company’s stock valued at $119,321,000 after purchasing an additional 277,298 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Rambus by 11.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,576,058 shares of the semiconductor company’s stock valued at $60,835,000 after purchasing an additional 570,825 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Rambus by 95.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,950,490 shares of the semiconductor company’s stock valued at $43,099,000 after purchasing an additional 1,929,517 shares during the period. Finally, Dalton Greiner Hartman Maher & Co. lifted its stake in shares of Rambus by 6.4% in the 3rd quarter. Dalton Greiner Hartman Maher & Co. now owns 1,487,747 shares of the semiconductor company’s stock valued at $16,231,000 after purchasing an additional 89,623 shares during the period. 79.32% of the stock is currently owned by institutional investors.

Rambus Company Profile

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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