-$0.12 Earnings Per Share Expected for The Rubicon Project Inc (NYSE:RUBI) This Quarter

Equities analysts predict that The Rubicon Project Inc (NYSE:RUBI) will report earnings of ($0.12) per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for The Rubicon Project’s earnings. The lowest EPS estimate is ($0.12) and the highest is ($0.11). The Rubicon Project posted earnings per share of ($0.18) during the same quarter last year, which indicates a positive year over year growth rate of 33.3%. The firm is scheduled to announce its next earnings results on Wednesday, November 6th.

On average, analysts expect that The Rubicon Project will report full-year earnings of ($0.33) per share for the current fiscal year, with EPS estimates ranging from ($0.34) to ($0.31). For the next fiscal year, analysts anticipate that the firm will report earnings of ($0.12) per share, with EPS estimates ranging from ($0.16) to ($0.08). Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover The Rubicon Project.

The Rubicon Project (NYSE:RUBI) last announced its earnings results on Wednesday, July 31st. The software maker reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.06. The Rubicon Project had a negative return on equity of 19.45% and a negative net margin of 26.05%. The firm had revenue of $37.87 million during the quarter, compared to analyst estimates of $35.65 million.

Several brokerages have recently issued reports on RUBI. Zacks Investment Research lowered The Rubicon Project from a “buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine upgraded The Rubicon Project from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Finally, B. Riley initiated coverage on The Rubicon Project in a research note on Wednesday, April 17th. They issued a “buy” rating and a $9.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The Rubicon Project presently has a consensus rating of “Buy” and a consensus price target of $7.42.

Shares of NYSE:RUBI traded down $0.35 during trading on Friday, hitting $9.98. The stock had a trading volume of 1,706,801 shares, compared to its average volume of 574,211. The Rubicon Project has a 12 month low of $3.00 and a 12 month high of $10.40. The company has a market cap of $394.02 million, a P/E ratio of -11.74 and a beta of 1.70. The company has a fifty day moving average of $6.84. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.25 and a quick ratio of 1.25.

In other The Rubicon Project news, Director Frank Addante sold 12,500 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $5.84, for a total value of $73,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Thomas Kershaw sold 29,311 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $6.19, for a total transaction of $181,435.09. Following the completion of the sale, the chief technology officer now owns 601,278 shares of the company’s stock, valued at approximately $3,721,910.82. The disclosure for this sale can be found here. Insiders sold a total of 269,034 shares of company stock worth $1,656,259 in the last 90 days. 10.60% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Aperio Group LLC acquired a new stake in The Rubicon Project in the 2nd quarter valued at about $48,000. Fox Run Management L.L.C. acquired a new stake in The Rubicon Project in the 2nd quarter valued at about $64,000. Cetera Advisor Networks LLC acquired a new stake in The Rubicon Project in the 4th quarter valued at about $46,000. 361 Capital LLC acquired a new stake in The Rubicon Project in the 1st quarter valued at about $75,000. Finally, V Wealth Advisors LLC acquired a new stake in The Rubicon Project in the 2nd quarter valued at about $89,000. Institutional investors own 63.36% of the company’s stock.

The Rubicon Project Company Profile

The Rubicon Project, Inc, together with its subsidiaries, provides technology solutions to automate the purchase and sale of digital advertising inventory for buyers and sellers in the United States and internationally. It offers applications and services for digital advertising inventory sellers, including Websites, mobile applications, and other digital media properties, to sell their advertising inventory; applications and services for buyers, such as advertisers, agencies, agency trading desks, and demand side platforms, to buy advertising inventory; and a marketplace over which such transactions are executed.

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