Ringcentral, Inc. (NYSE:RNG) Plans $0.08 Quarterly Dividend

Ringcentral, Inc. (NYSE:RNG) announced a quarterly dividend on Thursday, February 19th. Shareholders of record on Monday, March 9th will be paid a dividend of 0.075 per share by the software maker on Monday, March 16th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, March 9th.

Ringcentral Price Performance

Shares of NYSE:RNG traded up $10.12 during trading on Friday, reaching $39.51. The stock had a trading volume of 7,316,270 shares, compared to its average volume of 2,472,934. The stock has a market capitalization of $3.42 billion, a PE ratio of 282.53, a P/E/G ratio of 1.22 and a beta of 1.23. Ringcentral has a 52 week low of $20.58 and a 52 week high of $40.64. The business’s 50-day moving average price is $28.21 and its 200 day moving average price is $28.76.

Ringcentral (NYSE:RNG) last issued its quarterly earnings data on Thursday, February 19th. The software maker reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. The firm had revenue of $644.03 million for the quarter, compared to analyst estimates of $643.52 million. Ringcentral had a net margin of 0.53% and a negative return on equity of 22.38%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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 forecast that Ringcentral will post 1.29 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on RNG. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Ringcentral in a report on Monday, December 29th. Rosenblatt Securities raised their price target on Ringcentral from $32.00 to $37.50 and gave the stock a “buy” rating in a research report on Friday. Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 price objective on shares of Ringcentral in a research note on Tuesday, November 4th. Mizuho set a $32.00 target price on Ringcentral and gave the company a “neutral” rating in a research note on Friday. Finally, Morgan Stanley reduced their target price on Ringcentral from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Ringcentral currently has an average rating of “Hold” and a consensus price target of $32.73.

Ringcentral Company Profile

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.