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

Rimini Street (NASDAQ:RMNI) will post its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Rimini Street to post earnings of $0.12 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

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

Rimini Street Price Performance

NASDAQ RMNI opened at $2.76 on Tuesday. The company’s fifty day moving average is $3.04 and its two-hundred day moving average is $3.03. Rimini Street has a 52-week low of $2.01 and a 52-week high of $5.32. The firm has a market capitalization of $248.12 million, a price-to-earnings ratio of 9.52 and a beta of 1.23.

Insider Activity

In related news, CEO Seth A. Ravin sold 82,071 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $2.98, for a total transaction of $244,571.58. Following the completion of the transaction, the chief executive officer now owns 425,955 shares in the company, valued at approximately $1,269,345.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Michael L. Perica sold 30,588 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $2.98, for a total transaction of $91,152.24. Following the completion of the transaction, the chief financial officer now directly owns 141,517 shares in the company, valued at approximately $421,720.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Seth A. Ravin sold 82,071 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $1,269,345.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 150,202 shares of company stock worth $450,113. 41.32% of the stock is currently owned by corporate insiders.

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.