Analysts expect Rambus Inc. (NASDAQ:RMBS) to report $98.03 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Rambus’ earnings, with the highest sales estimate coming in at $98.08 million and the lowest estimate coming in at $98.00 million. Rambus posted sales of $101.98 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 3.9%. The company is expected to report its next quarterly earnings results after the market closes on Monday, January 27th.
On average, analysts expect that Rambus will report full year sales of $394.12 million for the current year, with estimates ranging from $393.90 million to $394.27 million. For the next financial year, analysts anticipate that the company will report sales of $394.89 million, with estimates ranging from $394.70 million to $395.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Rambus.
Rambus (NASDAQ:RMBS) last issued its quarterly earnings results on Monday, November 4th. The semiconductor company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.26). Rambus had a negative return on equity of 0.30% and a negative net margin of 20.91%. The company had revenue of $57.40 million for the quarter, compared to the consensus estimate of $89.00 million. During the same period in the previous year, the business posted $0.22 EPS. The business’s revenue for the quarter was down 3.9% on a year-over-year basis.
NASDAQ RMBS traded up $0.15 during trading hours on Monday, reaching $14.17. The company’s stock had a trading volume of 9,363 shares, compared to its average volume of 563,262. The company has a current ratio of 7.43, a quick ratio of 7.32 and a debt-to-equity ratio of 0.16. The business has a 50-day simple moving average of $13.52 and a 200 day simple moving average of $13.04. Rambus has a 52 week low of $8.08 and a 52 week high of $14.83. The stock has a market cap of $1.59 billion, a PE ratio of 18.70, a PEG ratio of 1.90 and a beta of 0.67.
In other Rambus news, Director Eric B. Stang sold 37,615 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $14.13, for a total value of $531,499.95. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Luc Seraphin sold 18,226 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $13.94, for a total transaction of $254,070.44. Following the completion of the sale, the chief executive officer now owns 210,773 shares in the company, valued at approximately $2,938,175.62. The disclosure for this sale can be found here. Insiders sold 67,629 shares of company stock worth $935,948 in the last 90 days. 1.00% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the business. California Public Employees Retirement System increased its stake in shares of Rambus by 37.3% in the third quarter. California Public Employees Retirement System now owns 228,947 shares of the semiconductor company’s stock valued at $3,005,000 after purchasing an additional 62,251 shares during the period. Rhumbline Advisers increased its stake in shares of Rambus by 7.4% during the third quarter. Rhumbline Advisers now owns 357,672 shares of the semiconductor company’s stock valued at $4,694,000 after acquiring an additional 24,615 shares during the period. Morgan Stanley increased its stake in shares of Rambus by 4,124.8% during the second quarter. Morgan Stanley now owns 1,180,656 shares of the semiconductor company’s stock valued at $14,215,000 after acquiring an additional 1,152,710 shares during the period. California State Teachers Retirement System increased its stake in shares of Rambus by 2.5% during the third quarter. California State Teachers Retirement System now owns 174,306 shares of the semiconductor company’s stock valued at $2,288,000 after acquiring an additional 4,249 shares during the period. Finally, Carroll Financial Associates Inc. acquired a new position in Rambus in the fourth quarter worth approximately $38,000. Institutional investors own 80.22% of the company’s stock.
Rambus Company Profile
Rambus Inc provides semiconductor products in the United States, Japan, Europe, Taiwan, China, South Korea, Canada, Singapore, Asia, and internationally. The company operates through three divisions: Memory and Interfaces, Rambus Security, and Emerging Solutions. The Memory and Interfaces division engages in the design, development, and manufacturing through partnerships and licensing of technology and solutions related to memory and interfaces.
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