RingCentral (NYSE:RNG) Releases Q1 2025 Earnings Guidance

RingCentral (NYSE:RNG) updated its first quarter 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.930-0.970 for the period, compared to the consensus estimate of 1.010. The company issued revenue guidance of $607.0 million-$612.0 million, compared to the consensus revenue estimate of $627.5 million. RingCentral also updated its FY 2025 guidance to 4.130-4.270 EPS.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Wells Fargo & Company reissued an “underweight” rating and set a $30.00 price objective (down previously from $38.00) on shares of RingCentral in a report on Tuesday, January 7th. Barclays downgraded shares of RingCentral from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $45.00 to $37.00 in a report on Monday, January 27th. Morgan Stanley upped their price target on shares of RingCentral from $38.00 to $40.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $45.00 price target on shares of RingCentral in a report on Friday, November 8th. Finally, Mizuho reduced their price target on shares of RingCentral from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $40.60.

RingCentral Stock Down 3.0 %

Shares of RNG traded down $0.96 on Thursday, hitting $30.78. 2,386,837 shares of the stock traded hands, compared to its average volume of 1,130,569. The firm has a market capitalization of $2.78 billion, a P/E ratio of -29.04, a P/E/G ratio of 1.39 and a beta of 1.01. The stock’s 50 day moving average is $35.24 and its two-hundred day moving average is $34.32. RingCentral has a 1 year low of $26.98 and a 1 year high of $42.19.

RingCentral (NYSE:RNG) last issued its quarterly earnings results on Thursday, February 20th. The software maker reported $0.23 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.73). RingCentral had a negative return on equity of 2.55% and a negative net margin of 4.17%. Research analysts forecast that RingCentral will post 0.84 EPS for the current year.

Insider Buying and Selling

In other news, Director Ned D. Segal sold 2,914 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $41.60, for a total value of $121,222.40. Following the completion of the sale, the director now owns 10,633 shares of the company’s stock, valued at $442,332.80. This represents a 21.51 % 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, Director Robert I. Theis sold 1,457 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $37.79, for a total transaction of $55,060.03. Following the completion of the sale, the director now directly owns 28,690 shares of the company’s stock, valued at $1,084,195.10. The trade was a 4.83 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,091 shares of company stock valued at $542,958. Insiders own 6.97% of the company’s stock.

RingCentral Company Profile

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.