RingCentral, Inc. to Issue Quarterly Dividend of $0.08 (NYSE:RNG)

RingCentral, Inc. (NYSE:RNG) announced a quarterly dividend on Thursday, May 7th. Shareholders of record on Tuesday, June 2nd will be given a dividend of 0.075 per share by the software maker on Thursday, June 11th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, June 2nd.

RingCentral Trading Down 0.6%

NYSE RNG opened at $45.45 on Friday. RingCentral has a 12 month low of $23.59 and a 12 month high of $48.57. The stock has a market cap of $3.93 billion, a P/E ratio of 94.70, a P/E/G ratio of 1.75 and a beta of 1.13. The stock’s fifty day moving average price is $38.76 and its 200-day moving average price is $32.17.

RingCentral (NYSE:RNG) last posted its quarterly earnings results on Thursday, February 19th. The software maker reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.04. The firm had revenue of $644.03 million during the quarter, compared to analyst estimates of $643.52 million. RingCentral had a negative return on equity of 28.14% and a net margin of 1.73%.RingCentral’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous 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. As a group, analysts forecast that RingCentral will post 2.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on RNG shares. UBS Group set a $38.00 target price on shares of RingCentral in a report on Friday, February 20th. Robert W. Baird increased their price target on shares of RingCentral from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Monday, February 23rd. Needham & Company LLC raised their price target on shares of RingCentral from $36.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, March 13th. Mizuho boosted their price objective on shares of RingCentral from $27.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Finally, Weiss Ratings raised RingCentral from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Four equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $36.67.

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.