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

Rimini Street (NASDAQ:RMNI) is set to announce its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.12 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Rimini Street (NASDAQ:RMNI) last issued 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 company 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 Stock Performance

Shares of Rimini Street stock opened at $2.80 on Thursday. The firm has a fifty day moving average of $3.08 and a two-hundred day moving average of $3.01. The stock has a market capitalization of $251.72 million, a price-to-earnings ratio of 9.66 and a beta of 1.23. Rimini Street has a 52 week low of $2.01 and a 52 week high of $5.32.

Insider Activity at Rimini Street

In related news, CEO Seth A. Ravin sold 82,071 shares of the company’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 completion of the sale, 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 SEC, which is available through this link. In other Rimini Street news, CEO Seth A. Ravin sold 82,071 shares of the stock in a transaction dated 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 SEC, which is available through the SEC website. Also, CFO Michael L. Perica sold 30,588 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $2.98, for a total value of $91,152.24. Following the transaction, the chief financial officer now owns 141,517 shares of the company’s stock, valued at approximately $421,720.66. The disclosure for this sale can be found here. Insiders sold a total of 150,202 shares of company stock worth $450,113 in the last quarter. Corporate 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.