Ringcentral (RNG) Projected to Post Quarterly Earnings on Tuesday

Key Points

• RingCentral (NYSE:RNG) is scheduled to announce its Q2 2025 earnings on Tuesday, August 5th, with analysts predicting earnings of $1.02 per share and revenue of $617.90 million.
• The company reported a negative net margin of 1.65% and a negative return on equity of 15.63% in its last quarterly earnings.
• Insiders have sold a total of 244,647 shares of RingCentral stock valued at over $6.5 million in the past three months, indicating possible concerns about the company's future performance.

Ringcentral (NYSE:RNG - Get Free Report) is expected to be posting its Q2 2025 quarterly earnings results after the market closes on Tuesday, August 5th. Analysts expect Ringcentral to post earnings of $1.02 per share and revenue of $617.90 million for the quarter. Ringcentral has set its FY 2025 guidance at 4.130-4.270 EPS and its Q2 2025 guidance at 1.000-1.040 EPS.

Ringcentral (NYSE:RNG - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The software maker reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.04. The business had revenue of $612.06 million for the quarter, compared to the consensus estimate of $610.53 million. Ringcentral had a negative net margin of 1.65% and a negative return on equity of 15.63%. The company's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.87 earnings per share. On average, analysts expect Ringcentral to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Ringcentral Stock Down 4.4%

Shares of RNG traded down $1.13 on Friday, hitting $24.36. 419,668 shares of the stock traded hands, compared to its average volume of 1,370,222. The firm has a market capitalization of $2.19 billion, a P/E ratio of -55.06, a P/E/G ratio of 0.85 and a beta of 1.29. The stock's 50 day moving average is $27.21 and its two-hundred day moving average is $27.98. Ringcentral has a 1 year low of $20.58 and a 1 year high of $42.19.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. UBS Group reduced their price objective on shares of Ringcentral from $38.00 to $33.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Mizuho increased their price target on shares of Ringcentral from $25.00 to $27.00 and gave the stock a "neutral" rating in a research note on Monday, May 12th. Rosenblatt Securities reaffirmed a "buy" rating and set a $32.00 price target on shares of Ringcentral in a research note on Monday, May 19th. KeyCorp initiated coverage on shares of Ringcentral in a research note on Friday, June 6th. They set a "sector weight" rating on the stock. Finally, Wall Street Zen raised shares of Ringcentral from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $33.08.

Insider Buying and Selling

In other news, COO Kira Makagon sold 21,185 shares of the stock in a transaction on Friday, June 27th. The shares were sold at an average price of $27.69, for a total value of $586,612.65. Following the completion of the sale, the chief operating officer owned 413,131 shares of the company's stock, valued at $11,439,597.39. This represents a 4.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Vladimir Shmunis sold 54,899 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $26.44, for a total transaction of $1,451,529.56. Following the completion of the sale, the chief executive officer directly owned 552,820 shares of the company's stock, valued at $14,616,560.80. The trade was a 9.03% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 244,647 shares of company stock valued at $6,531,804. 6.97% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ringcentral

Large investors have recently made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Ringcentral by 2.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 261,190 shares of the software maker's stock valued at $6,467,000 after purchasing an additional 5,398 shares in the last quarter. Woodline Partners LP grew its holdings in Ringcentral by 14.8% during the 1st quarter. Woodline Partners LP now owns 159,474 shares of the software maker's stock valued at $3,949,000 after purchasing an additional 20,518 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in Ringcentral by 9.0% during the 1st quarter. Empowered Funds LLC now owns 11,417 shares of the software maker's stock valued at $283,000 after purchasing an additional 940 shares in the last quarter. Institutional investors and hedge funds own 98.61% of the company's stock.

About Ringcentral

RingCentral, Inc, together with its subsidiaries, provides cloud communications, video meetings, collaboration, and contact center software-as-a-service solutions worldwide. The company's products include RingCentral Message Video Phone that provides a unified experience for communication and collaboration across multiple modes, including HD voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Contact Center, a collaborative contact center solution that delivers AI-powered omnichannel and workforce engagement solutions with integrated RingCentral MVP; and RingCX, an AI-powered contact center that a native delivers omnichannel experience.