Rambus (NASDAQ:RMBS – Get Free Report) will be posting its quarterly earnings results after the market closes on Monday, April 29th. Analysts expect Rambus to post earnings of $0.44 per share for the quarter. Rambus has set its Q1 2024 guidance at EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.
Rambus (NASDAQ:RMBS – Get Free Report) last announced its quarterly earnings data on Monday, February 5th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The firm had revenue of $136.00 million for the quarter, compared to the consensus estimate of $134.00 million. Rambus had a net margin of 72.41% and a return on equity of 17.70%. On average, analysts expect Rambus to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Rambus Stock Up 1.9 %
Shares of Rambus stock opened at $59.23 on Friday. The company has a market capitalization of $6.43 billion, a price-to-earnings ratio of 19.74 and a beta of 1.16. Rambus has a 12-month low of $43.58 and a 12-month high of $76.38. The firm’s 50-day moving average price is $59.98 and its two-hundred day moving average price is $62.54.
Insider Activity
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on RMBS. Rosenblatt Securities restated a “buy” rating and issued a $85.00 price target on shares of Rambus in a research note on Wednesday, March 13th. Wells Fargo & Company raised their price target on shares of Rambus from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Rambus presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.75.
View Our Latest Stock Analysis on RMBS
About Rambus
Rambus Inc provides semiconductor products in the United States, South Korea, Singapore, and internationally. The company offers DDR memory interface chips, including DDR5 and DDR4 memory interface chips to module manufacturers, OEMs, and hyperscalers; silicon IP, such as interface and security IP solutions that move and protect data in advanced data center, government, and automotive applications; and interface IP solutions for high-speed memory and chip-to-chip digital controller IP.
See Also
- Five stocks we like better than Rambus
- Consumer Discretionary Stocks Explained
- 3 Stocks Leading the U.S. Agriculture Comeback
- What Are Dividend Achievers? An Introduction
- How to Use Put Debit Spreads to Profit From Falling Stocks
- 3 Home Improvement Stocks that Can Upgrade Your Portfolio
- Alphabet Changes the Narrative with Its First-Ever Dividend
Receive News & Ratings for Rambus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rambus and related companies with MarketBeat.com's FREE daily email newsletter.