The Rubicon Project Inc (NYSE:RUBI) Expected to Announce Earnings of -$0.07 Per Share

Wall Street brokerages predict that The Rubicon Project Inc (NYSE:RUBI) will report ($0.07) earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for The Rubicon Project’s earnings, with the highest EPS estimate coming in at ($0.06) and the lowest estimate coming in at ($0.07). The Rubicon Project posted earnings per share of ($0.18) in the same quarter last year, which suggests a positive year over year growth rate of 61.1%. The firm is scheduled to report its next earnings results on Wednesday, November 6th.

On average, analysts expect that The Rubicon Project will report full year earnings of ($0.18) per share for the current fiscal year, with EPS estimates ranging from ($0.19) to ($0.17). For the next year, analysts anticipate that the firm will post earnings of ($0.05) per share, with EPS estimates ranging from ($0.06) to ($0.04). Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover The Rubicon Project.

The Rubicon Project (NYSE:RUBI) last issued its quarterly earnings data on Wednesday, July 31st. The software maker reported ($0.15) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.06. The company had revenue of $37.87 million for the quarter, compared to analyst estimates of $35.65 million. The Rubicon Project had a negative net margin of 26.05% and a negative return on equity of 19.85%.



Several brokerages recently issued reports on RUBI. ValuEngine raised shares of The Rubicon Project from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Zacks Investment Research lowered shares of The Rubicon Project from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $7.42.

In other The Rubicon Project news, Director Frank Addante sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $5.84, for a total value of $73,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas Kershaw sold 19,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $5.60, for a total transaction of $106,400.00. Following the completion of the sale, the insider now owns 582,278 shares of the company’s stock, valued at $3,260,756.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 133,837 shares of company stock valued at $984,473. 10.60% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its stake in The Rubicon Project by 183.8% in the second quarter. BlackRock Inc. now owns 3,288,527 shares of the software maker’s stock valued at $20,914,000 after acquiring an additional 2,129,580 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of The Rubicon Project by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,569,051 shares of the software maker’s stock worth $9,583,000 after buying an additional 25,922 shares during the period. Vanguard Group Inc. lifted its stake in shares of The Rubicon Project by 18.5% during the second quarter. Vanguard Group Inc. now owns 2,344,984 shares of the software maker’s stock worth $14,914,000 after buying an additional 365,671 shares during the period. Renaissance Technologies LLC lifted its stake in shares of The Rubicon Project by 4.9% during the second quarter. Renaissance Technologies LLC now owns 1,457,889 shares of the software maker’s stock worth $9,272,000 after buying an additional 67,800 shares during the period. Finally, United Services Automobile Association lifted its stake in shares of The Rubicon Project by 28.0% during the second quarter. United Services Automobile Association now owns 837,830 shares of the software maker’s stock worth $5,329,000 after buying an additional 183,156 shares during the period. Institutional investors own 63.46% of the company’s stock.

RUBI stock traded up $0.35 during trading on Friday, hitting $9.80. 678,000 shares of the company’s stock traded hands, compared to its average volume of 1,122,075. The firm has a market capitalization of $500.76 million, a P/E ratio of -11.53 and a beta of 1.70. The business has a fifty day simple moving average of $7.83 and a two-hundred day simple moving average of $6.42. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.08. The Rubicon Project has a 1 year low of $3.00 and a 1 year high of $10.40.

The Rubicon Project Company Profile

The Rubicon Project, Inc, together with its subsidiaries, provides technology solutions to automate the purchase and sale of digital advertising inventory for buyers and sellers in the United States and internationally. It offers applications and services for digital advertising inventory sellers, including Websites, mobile applications, and other digital media properties, to sell their advertising inventory; applications and services for buyers, such as advertisers, agencies, agency trading desks, and demand side platforms, to buy advertising inventory; and a marketplace over which such transactions are executed.

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