Rimini Street (RMNI) to Release Quarterly Earnings on Wednesday

Rimini Street (NASDAQ:RMNI) will be releasing its earnings data after the market closes on Wednesday, October 30th. Analysts expect Rimini Street to post earnings of $0.07 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Rimini Street (NASDAQ:RMNI) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The firm had revenue of $103.12 million for the quarter, compared to analyst estimates of $106.42 million. Rimini Street had a negative return on equity of 73.91% and a net margin of 3.80%. On average, analysts expect Rimini Street to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Rimini Street Trading Down 2.9 %

Shares of NASDAQ:RMNI opened at $1.69 on Wednesday. The firm has a 50 day moving average of $1.81 and a 200-day moving average of $2.38. Rimini Street has a 12 month low of $1.55 and a 12 month high of $3.44. The stock has a market capitalization of $153.28 million, a PE ratio of 9.39 and a beta of 1.28.

Analyst Ratings Changes

Separately, Alliance Global Partners cut Rimini Street from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 31st.

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.