Richardson Electronics (RELL) to Release Earnings on Wednesday

Richardson Electronics (NASDAQ:RELL) will likely be issuing its quarterly earnings data before the market opens on Wednesday, April 9th. Analysts expect the company to announce earnings of $0.11 per share and revenue of $56.90 million for the quarter.

Richardson Electronics (NASDAQ:RELL) last posted its earnings results on Tuesday, January 7th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). Richardson Electronics had a return on equity of 0.42% and a net margin of 0.13%. On average, analysts expect Richardson Electronics to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Richardson Electronics Price Performance

RELL opened at $9.73 on Monday. Richardson Electronics has a one year low of $9.01 and a one year high of $15.51. The firm has a market capitalization of $140.20 million, a P/E ratio of 324.44, a price-to-earnings-growth ratio of 1.98 and a beta of 0.89. The company has a fifty day moving average price of $12.61 and a 200-day moving average price of $13.27.

Richardson Electronics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Friday, February 7th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.47%. The ex-dividend date was Friday, February 7th. Richardson Electronics’s payout ratio is 800.00%.

Insiders Place Their Bets

In other news, CFO Robert J. Ben sold 2,500 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $13.28, for a total value of $33,200.00. Following the completion of the sale, the chief financial officer now owns 54,534 shares of the company’s stock, valued at approximately $724,211.52. This represents a 4.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 32.84% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Northland Capmk lowered Richardson Electronics from a “strong-buy” rating to a “hold” rating in a report on Monday, January 13th. Northland Securities reissued a “market perform” rating on shares of Richardson Electronics in a research note on Monday, January 13th.

Richardson Electronics Company Profile

Richardson Electronics, Ltd. engages in the provision of engineered solutions, power grid and microwave tube, and related consumables worldwide. The Power and Microwave Technologies segment manufactures electron tubes and radio frequency (RF), microwave and power components used in semiconductor manufacturing equipment, RF, and wireless and industrial power applications, as well as various applications including broadcast transmission, CO2 laser cutting, diagnostic imaging, dielectric and induction heating, energy transfer, high voltage switching, plasma, power conversion, radar, and radiation oncology.