RingCentral (NYSE:RNG – Get Rating) will be releasing its earnings data after the market closes on Monday, May 9th. Analysts expect RingCentral to post earnings of ($0.55) per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
RingCentral (NYSE:RNG – Get Rating) last released its quarterly earnings results on Tuesday, February 22nd. The software maker reported ($0.51) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.56) by $0.05. RingCentral had a negative net margin of 23.59% and a negative return on equity of 126.80%. The company had revenue of $448.00 million for the quarter, compared to analysts’ expectations of $434.83 million. During the same period last year, the company earned ($0.16) EPS. The firm’s revenue for the quarter was up 33.9% compared to the same quarter last year. On average, analysts expect RingCentral to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.
RingCentral stock opened at $84.85 on Monday. RingCentral has a 12-month low of $83.07 and a 12-month high of $326.52. The stock has a market capitalization of $7.82 billion, a P/E ratio of -20.75 and a beta of 0.76. The firm’s 50-day moving average is $113.01 and its two-hundred day moving average is $169.96. The company has a debt-to-equity ratio of 4.13, a current ratio of 1.24 and a quick ratio of 1.24.
RNG has been the topic of several research analyst reports. Robert W. Baird decreased their target price on shares of RingCentral from $240.00 to $185.00 in a research report on Wednesday, February 23rd. Truist Financial decreased their target price on shares of RingCentral from $450.00 to $295.00 and set a “buy” rating on the stock in a research report on Wednesday, February 23rd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of RingCentral from $300.00 to $210.00 and set a “buy” rating on the stock in a research report on Wednesday, February 23rd. The Goldman Sachs Group reduced their price target on shares of RingCentral from $240.00 to $205.00 and set a “buy” rating on the stock in a research report on Wednesday, February 23rd. Finally, Mizuho reduced their price target on shares of RingCentral from $300.00 to $220.00 in a research report on Friday, January 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, RingCentral has a consensus rating of “Buy” and an average target price of $247.57.
About RingCentral (Get Rating)
RingCentral, Inc provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect in North America. The company offers business cloud communications and contact center solutions based on its Message Video Phone? platform. Its products include RingCentral Office that provides communication and collaboration across various modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Contact Center, a collaborative contact center solution that delivers omni-channel; and RingCentral Engage Digital, a digital customer engagement platform that allows enterprises to interact with their customers.
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