Rimini Street (RMNI) to Release Earnings on Wednesday

Rimini Street (NASDAQ:RMNI) will announce its earnings results 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 wish to listen to the company’s conference call can do so using this link.

Rimini Street (NASDAQ:RMNI) last posted its earnings results on Wednesday, July 31st. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). Rimini Street had a net margin of 3.80% and a negative return on equity of 73.91%. The firm had revenue of $103.12 million for the quarter, compared to analysts’ expectations of $106.42 million. 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 Stock Performance

Shares of NASDAQ RMNI opened at $1.72 on Monday. The company has a market capitalization of $155.51 million, a PE ratio of 7.17 and a beta of 1.28. The company’s fifty day moving average price is $1.81 and its 200 day moving average price is $2.35. Rimini Street has a 1 year low of $1.55 and a 1 year high of $3.44.

Analyst Upgrades and Downgrades

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

Rimini Street Company Profile

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.