$0.24 Earnings Per Share Expected for Ribbon Communications Inc (RBBN) This Quarter

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Equities research analysts expect Ribbon Communications Inc (NASDAQ:RBBN) to report earnings of $0.24 per share for the current quarter, according to Zacks. Two analysts have made estimates for Ribbon Communications’ earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.27. Ribbon Communications posted earnings per share of $0.27 during the same quarter last year, which indicates a negative year-over-year growth rate of 11.1%. The business is expected to issue its next quarterly earnings results on Thursday, March 7th.

On average, analysts expect that Ribbon Communications will report full-year earnings of $0.55 per share for the current year, with EPS estimates ranging from $0.52 to $0.59. For the next financial year, analysts expect that the company will report earnings of $0.64 per share, with EPS estimates ranging from $0.63 to $0.65. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Ribbon Communications.

Ribbon Communications (NASDAQ:RBBN) last released its quarterly earnings results on Tuesday, October 30th. The communications equipment provider reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.06. The business had revenue of $152.46 million for the quarter, compared to analysts’ expectations of $138.40 million. Ribbon Communications had a negative net margin of 16.28% and a positive return on equity of 6.72%. The firm’s revenue for the quarter was up 104.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 earnings per share.

Several research firms recently weighed in on RBBN. BidaskClub cut shares of Ribbon Communications from a “buy” rating to a “hold” rating in a report on Wednesday, August 29th. National Securities began coverage on shares of Ribbon Communications in a report on Monday, October 22nd. They issued a “buy” rating and a $8.50 price target on the stock. Zacks Investment Research cut shares of Ribbon Communications from a “hold” rating to a “sell” rating in a report on Thursday, July 26th. ValuEngine upgraded shares of Ribbon Communications from a “strong sell” rating to a “sell” rating in a report on Thursday, November 1st. Finally, Cowen upgraded shares of Ribbon Communications from an “underperform” rating to a “market perform” rating in a report on Wednesday, August 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $7.75.

Several hedge funds have recently made changes to their positions in the company. Cowen Prime Services LLC boosted its holdings in shares of Ribbon Communications by 9.0% during the 3rd quarter. Cowen Prime Services LLC now owns 748,883 shares of the communications equipment provider’s stock valued at $5,115,000 after buying an additional 61,607 shares in the last quarter. Rice Hall James & Associates LLC boosted its holdings in shares of Ribbon Communications by 112.2% during the 3rd quarter. Rice Hall James & Associates LLC now owns 262,575 shares of the communications equipment provider’s stock valued at $1,793,000 after buying an additional 138,854 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of Ribbon Communications during the 3rd quarter valued at $1,898,000. Ramsey Quantitative Systems boosted its holdings in shares of Ribbon Communications by 397.2% during the 3rd quarter. Ramsey Quantitative Systems now owns 30,882 shares of the communications equipment provider’s stock valued at $211,000 after buying an additional 24,671 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Ribbon Communications by 10.0% during the 2nd quarter. Northern Trust Corp now owns 614,730 shares of the communications equipment provider’s stock valued at $4,377,000 after buying an additional 56,051 shares in the last quarter. Hedge funds and other institutional investors own 80.50% of the company’s stock.

NASDAQ:RBBN opened at $6.77 on Wednesday. The firm has a market capitalization of $719.01 million, a P/E ratio of 96.71, a P/E/G ratio of 1.52 and a beta of 1.52. Ribbon Communications has a twelve month low of $4.97 and a twelve month high of $8.36. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 0.04.

Ribbon Communications Company Profile

Ribbon Communications Inc provides networked solutions in the United States, Europe, the Middle East, Africa, Japan, rest of the Asia Pacific, and internationally. The company offers service provider solutions, such as fixed network transformation, mobile network evolution, secure network interconnects, network functions virtualization, cloud communications, and communications security solutions that enables to modernize communications networks, as well as provides secure real-time communications software, hardware, and cloud-native solutions.

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Earnings History and Estimates for Ribbon Communications (NASDAQ:RBBN)

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