Rimini Street (RMNI) Set to Announce Quarterly Earnings on Thursday

Rimini Street (NASDAQ:RMNI) is scheduled to be announcing its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.12 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Rimini Street (NASDAQ:RMNI) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.09 by $0.06. Rimini Street had a net margin of 6.04% and a negative return on equity of 63.89%. The company had revenue of $112.11 million for the quarter, compared to the consensus estimate of $105.95 million.

Rimini Street Price Performance

Shares of Rimini Street stock opened at $2.80 on Thursday. Rimini Street has a 1 year low of $2.01 and a 1 year high of $5.32. The firm’s 50-day moving average is $3.08 and its two-hundred day moving average is $3.01. The stock has a market cap of $251.72 million, a price-to-earnings ratio of 9.66 and a beta of 1.23.

Insiders Place Their Bets

In other Rimini Street news, CEO Seth A. Ravin sold 82,071 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $2.98, for a total transaction of $244,571.58. Following the transaction, the chief executive officer now directly owns 425,955 shares in the company, valued at approximately $1,269,345.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Seth A. Ravin sold 82,071 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $2.98, for a total value of $244,571.58. Following the sale, the chief executive officer now directly owns 425,955 shares in the company, valued at approximately $1,269,345.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael L. Perica sold 30,588 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $2.98, for a total transaction of $91,152.24. Following the completion of the sale, the chief financial officer now owns 141,517 shares in the company, valued at $421,720.66. The disclosure for this sale can be found here. Insiders have sold a total of 150,202 shares of company stock worth $450,113 in the last three months. Corporate insiders own 41.32% of the company’s stock.

About Rimini Street

Rimini Street, Inc provides enterprise software products, services, and support. The company engages in the provision of support services for Oracle and SAP enterprise software products. It also provides Rimini ONE, an outsourcing option that offers a set of unified and integrated services to run, manage, support, customize, configure, connect, protect, monitor, and optimize its clients' application, database, and technology enterprise software; Rimini Support, a mission-critical support for Oracle, SAP, proprietary and open-source database, and technology software; Rimini Manage, a suite of managed services for application and database software; Rimini Protect, a suite of personalized software security services and solutions; and Rimini Connect, a suite of managed interoperability solutions for browsers, operating systems, and email systems.