LiveRamp Holdings (RAMP) Expected to Announce Earnings of -$0.18 Per Share

Brokerages expect that LiveRamp Holdings (NASDAQ:RAMP) will announce earnings of ($0.18) per share for the current quarter, Zacks reports. Two analysts have made estimates for LiveRamp’s earnings, with the highest EPS estimate coming in at ($0.13) and the lowest estimate coming in at ($0.25). LiveRamp reported earnings of $0.27 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 166.7%. The business is expected to report its next quarterly earnings results on Wednesday, May 15th.

On average, analysts expect that LiveRamp will report full year earnings of ($0.36) per share for the current year, with EPS estimates ranging from ($0.45) to ($0.29). For the next year, analysts forecast that the business will post earnings of ($0.12) per share, with EPS estimates ranging from ($0.32) to $0.04. Zacks’ EPS averages are an average based on a survey of research analysts that cover LiveRamp.

LiveRamp (NASDAQ:RAMP) last released its quarterly earnings data on Monday, February 11th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.38) by $0.41. The business had revenue of $80.02 million for the quarter, compared to the consensus estimate of $76.86 million.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of LiveRamp from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Wednesday, February 13th. Wells Fargo & Co assumed coverage on shares of LiveRamp in a research note on Friday, December 21st. They set an “outperform” rating and a $60.00 price objective on the stock. Finally, Evercore ISI assumed coverage on shares of LiveRamp in a research note on Thursday, February 28th. They set an “outperform” rating and a $70.00 price objective on the stock. Four investment analysts have rated the stock with a buy rating, LiveRamp has an average rating of “Buy” and a consensus target price of $62.75.

Shares of NASDAQ RAMP traded down $0.41 during midday trading on Monday, reaching $56.06. 397,300 shares of the company’s stock traded hands, compared to its average volume of 803,100. LiveRamp has a one year low of $24.35 and a one year high of $63.23.

In related news, insider Jerry C. Jones sold 14,740 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $59.20, for a total transaction of $872,608.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James F. Arra sold 106,888 shares of the stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $52.54, for a total transaction of $5,615,895.52. The disclosure for this sale can be found here.

A number of large investors have recently bought and sold shares of RAMP. BlackRock Inc. purchased a new stake in LiveRamp during the fourth quarter valued at approximately $329,159,000. Dimensional Fund Advisors LP purchased a new position in shares of LiveRamp in the fourth quarter worth $118,450,000. Manning & Napier Group LLC purchased a new position in shares of LiveRamp in the fourth quarter worth $106,568,000. Capital International Investors purchased a new position in shares of LiveRamp in the third quarter worth $119,231,000. Finally, Abrams Bison Investments LLC purchased a new position in shares of LiveRamp in the fourth quarter worth $81,587,000.

About LiveRamp

LiveRamp Holdings, Inc provides identity and data connectivity for powering exceptional customer experiences. The company offers IdentityLink, an identity resolution platform that connects people, data, and devices across the physical and digital world, powering privacy-compliant, people-based marketing that allows consumers to better connect with the brands and products they love.

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