B. Riley Financial Lowers RF Industries (NASDAQ:RFIL) Price Target to $12.00

Key Points

• B. Riley Financial lowered RF Industries’ price target to $12 from $15 but maintained a Buy rating, implying approximately 46.9% upside from the prior close. The broader analyst consensus remains Moderate Buy with a $14.50 target.
• RF Industries shares fell 9.7% to $8.17, despite reporting quarterly revenue of $23.96 million that exceeded estimates. The company’s $0.19 EPS missed the $0.20 consensus, while its net margin was 1.70%.
• Management reported record fiscal third-quarter revenue, stronger demand for higher-value engineered solutions and a $19.8 million backlog, with fourth-quarter sales expected to be roughly in line with or above $24 million.

RF Industries (NASDAQ:RFIL - Get Free Report) had its target price lowered by research analysts at B. Riley Financial from $15.00 to $12.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a "buy" rating on the electronics maker's stock. B. Riley Financial's price objective would suggest a potential upside of 46.88% from the company's previous close.

A number of other brokerages have also recently commented on RFIL. Weiss Ratings cut shares of RF Industries from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday. Wall Street Zen lowered RF Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 25th. Zacks Research lowered RF Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 20th. Finally, Lake Street Capital reduced their target price on shares of RF Industries from $19.00 to $17.00 and set a "buy" rating on the stock in a research note on Tuesday. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, RF Industries has a consensus rating of "Moderate Buy" and a consensus price target of $14.50.

RF Industries Stock Down 9.7%

Shares of RFIL stock traded down $0.88 during mid-day trading on Tuesday, reaching $8.17. The stock had a trading volume of 345,805 shares, compared to its average volume of 272,511. RF Industries has a one year low of $5.54 and a one year high of $22.30. The firm has a market cap of $88.64 million, a PE ratio of 58.18 and a beta of 1.29. The firm's 50 day simple moving average is $12.42 and its 200 day simple moving average is $14.04.

RF Industries (NASDAQ:RFIL - Get Free Report) last issued its earnings results on Monday, September 14th. The electronics maker reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). RF Industries had a net margin of 1.70% and a return on equity of 12.79%. The firm had revenue of $23.96 million during the quarter, compared to analyst estimates of $23.28 million. Sell-side analysts forecast that RF Industries will post 0.59 earnings per share for the current fiscal year.

Institutional Trading of RF Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Engineers Gate Manager LP lifted its holdings in RF Industries by 28.4% during the 2nd quarter. Engineers Gate Manager LP now owns 21,248 shares of the electronics maker's stock worth $451,000 after buying an additional 4,697 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in shares of RF Industries during the first quarter worth $131,000. Bank of America Corp DE lifted its stake in shares of RF Industries by 519.3% during the first quarter. Bank of America Corp DE now owns 20,634 shares of the electronics maker's stock valued at $213,000 after acquiring an additional 17,302 shares during the period. Bank of New York Mellon Corp bought a new position in RF Industries in the second quarter valued at about $397,000. Finally, Sei Investments Co. boosted its holdings in RF Industries by 257.2% in the first quarter. Sei Investments Co. now owns 84,030 shares of the electronics maker's stock valued at $866,000 after acquiring an additional 60,503 shares during the last quarter. Institutional investors and hedge funds own 23.49% of the company's stock.

RF Industries News Summary

Here are the key news stories impacting RF Industries this week:

• Positive Sentiment: RF Industries reported record fiscal Q3 revenue of $23.96 million, up approximately 21% year over year, while profit nearly quadrupled. Management cited operating leverage and stronger demand for higher-value engineered solutions. RF Industries Reports Third Quarter Fiscal Year 2026 Financial Results
• Positive Sentiment: Management expects fourth-quarter sales to be roughly in line with or above Q3’s $24 million and is targeting DAC sales above $10 million. A $19.8 million backlog, DAC growth and expanding higher-value solutions support the outlook. RF Industries Q3 Earnings Call Centers on Q4 Sales and DAC Growth
• Positive Sentiment: B. Riley maintained a Buy rating, and an analyst commentary argued that the sell-off may be overdone as RF Industries diversifies beyond telecom carriers and shifts toward higher-margin engineered products. RF Industries: The Sell-Off Looks Overdone
• Neutral Sentiment: B. Riley reduced its price target to $12 from $15 while retaining its Buy recommendation, signaling more cautious near-term expectations but continued confidence in the company’s longer-term prospects. B. Riley Cuts Price Target on RF Industries
• Negative Sentiment: Q3 EPS was $0.19, below the $0.20 consensus estimate. The earnings miss, combined with a reported net margin of 1.70%, may be weighing on the stock even though revenue exceeded expectations. RF Industries Lags Q3 Earnings Estimates

RF Industries Company Profile

RF Industries, Inc NASDAQ: RFIL is a manufacturer and supplier of connectivity products and solutions for the wireless, broadcast, cable television, data networking, defense and aerospace markets. The company specializes in both standard and custom coaxial and fiber-optic cable assemblies, connectors, adapters and test accessories designed to withstand demanding environmental conditions. Through its product portfolio, RF Industries supports applications ranging from RF signal transmission and satellite communications to industrial automation and instrumentation.

The company's offerings include premade and build-to-print coaxial cables and assemblies, field-installable connectors, power distribution components and calibration-grade test equipment.

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