RingCentral (NYSE:RNG) Releases FY 2026 Earnings Guidance
by Amy Steele · The Cerbat GemRingCentral (NYSE:RNG – Get Free Report) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 4.850-5.010 for the period, compared to the consensus estimate of 4.420. The company issued revenue guidance of $2.6 billion-$2.6 billion, compared to the consensus revenue estimate of $2.6 billion. RingCentral also updated its Q2 2026 guidance to 1.150-1.170 EPS.
Analysts Set New Price Targets
Several brokerages recently issued reports on RNG. Zacks Research upgraded shares of RingCentral from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. UBS Group set a $38.00 price objective on RingCentral in a report on Friday, February 20th. Mizuho upped their price objective on RingCentral from $27.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Piper Sandler upped their price objective on RingCentral from $28.00 to $37.00 and gave the stock a “neutral” rating in a report on Monday, February 23rd. Finally, Needham & Company LLC upped their price objective on RingCentral from $36.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, March 13th. Four analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, RingCentral presently has an average rating of “Hold” and a consensus target price of $35.63.
Get Our Latest Analysis on RingCentral
RingCentral Stock Performance
RingCentral stock traded down $0.27 during trading hours on Thursday, reaching $45.45. 3,854,026 shares of the company’s stock traded hands, compared to its average volume of 2,252,332. RingCentral has a fifty-two week low of $23.59 and a fifty-two week high of $48.57. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 94.70, a PEG ratio of 1.83 and a beta of 1.13. The firm’s 50 day moving average is $38.55 and its 200-day moving average is $32.04.
RingCentral (NYSE:RNG – Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The software maker reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. The company had revenue of $644.03 million during the quarter, compared to analysts’ expectations of $643.52 million. RingCentral had a negative return on equity of 28.14% and a net margin of 1.73%.RingCentral’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 EPS. RingCentral has set its FY 2026 guidance at 4.760-4.970 EPS and its Q1 2026 guidance at 1.160-1.190 EPS. Analysts predict that RingCentral will post 2.68 EPS for the current year.
RingCentral Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were paid a $0.075 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.7%. RingCentral’s dividend payout ratio is 62.50%.
Insider Buying and Selling
In related news, CEO Vladimir Shmunis sold 95,831 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $35.59, for a total transaction of $3,410,625.29. Following the completion of the sale, the chief executive officer directly owned 126,685 shares of the company’s stock, valued at approximately $4,508,719.15. This represents a 43.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Tarun Arora sold 953 shares of the stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $43.00, for a total value of $40,979.00. Following the sale, the chief accounting officer directly owned 74,539 shares of the company’s stock, valued at approximately $3,205,177. The trade was a 1.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 259,854 shares of company stock valued at $9,312,708. Insiders own 7.30% of the company’s stock.
Hedge Funds Weigh In On RingCentral
Hedge funds have recently made changes to their positions in the business. Invesco Ltd. boosted its holdings in shares of RingCentral by 43.3% in the 4th quarter. Invesco Ltd. now owns 218,456 shares of the software maker’s stock valued at $6,309,000 after buying an additional 65,975 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of RingCentral by 928.0% in the 4th quarter. Corient Private Wealth LLC now owns 86,537 shares of the software maker’s stock valued at $2,499,000 after buying an additional 78,119 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of RingCentral by 108.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 20,737 shares of the software maker’s stock valued at $599,000 after buying an additional 10,765 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of RingCentral by 25.5% in the 4th quarter. Empowered Funds LLC now owns 64,549 shares of the software maker’s stock valued at $1,864,000 after buying an additional 13,134 shares during the last quarter. Finally, XTX Topco Ltd boosted its holdings in shares of RingCentral by 30.7% in the 4th quarter. XTX Topco Ltd now owns 124,794 shares of the software maker’s stock valued at $3,604,000 after buying an additional 29,281 shares during the last quarter. 98.61% of the stock is owned by institutional investors.
About RingCentral
RingCentral, Inc is a leading provider of cloud-based business communications and collaboration solutions. The company’s flagship platform delivers unified communications as a service (UCaaS), integrating voice over IP (VoIP) phone systems, video conferencing, team messaging and SMS into a single, cloud-native application. In addition to its UCaaS offering, RingCentral provides contact center as a service (CCaaS) capabilities, enabling organizations to manage customer interactions across voice, email, chat and social channels from a centralized dashboard.
Founded in 1999 and headquartered in Belmont, California, RingCentral went public on the New York Stock Exchange under the ticker RNG in 2013.