Rimini Street (RMNI) Scheduled to Post Quarterly Earnings on Thursday

Rimini Street (NASDAQ:RMNI) is set to issue its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.12 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

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

Rimini Street Stock Performance

Shares of NASDAQ:RMNI opened at $2.66 on Wednesday. The firm has a market cap of $239.13 million, a PE ratio of 9.17 and a beta of 1.23. The firm’s fifty day moving average is $3.03 and its 200-day moving average is $3.03. Rimini Street has a 52 week low of $2.01 and a 52 week high of $5.32.

Insider Transactions at Rimini Street

In related news, CEO Seth A. Ravin sold 82,071 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $2.98, for a total value of $244,571.58. Following the transaction, the chief executive officer now owns 425,955 shares in the company, valued at $1,269,345.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Seth A. Ravin sold 82,071 shares of the company’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 $244,571.58. Following the transaction, the chief executive officer now owns 425,955 shares in the company, valued at $1,269,345.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael L. Perica sold 30,588 shares of the company’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 transaction, the chief financial officer now owns 141,517 shares in the company, valued at approximately $421,720.66. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 150,202 shares of company stock worth $450,113. Company 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.