Richardson Electronics, Ltd. (NASDAQ:RELL - Free Report) - Research analysts at Sidoti Csr decreased their FY2024 EPS estimates for shares of Richardson Electronics in a research report issued on Monday, April 15th. Sidoti Csr analyst A. Soderstrom now expects that the technology company will post earnings per share of $0.09 for the year, down from their previous estimate of $0.18. The consensus estimate for Richardson Electronics' current full-year earnings is $0.18 per share. Sidoti Csr also issued estimates for Richardson Electronics' Q1 2025 earnings at $0.09 EPS, Q2 2025 earnings at $0.11 EPS, Q3 2025 earnings at $0.12 EPS, Q4 2025 earnings at $0.18 EPS, Q1 2026 earnings at $0.21 EPS, Q2 2026 earnings at $0.23 EPS, Q3 2026 earnings at $0.23 EPS and FY2026 earnings at $0.92 EPS.
Richardson Electronics (NASDAQ:RELL - Get Free Report) last posted its earnings results on Thursday, April 11th. The technology company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. Richardson Electronics had a net margin of 1.97% and a return on equity of 1.09%. The firm had revenue of $52.38 million for the quarter, compared to analysts' expectations of $56.00 million. During the same quarter last year, the firm earned $0.44 EPS.
Separately, StockNews.com lowered shares of Richardson Electronics from a "hold" rating to a "sell" rating in a research note on Thursday, January 11th.
Get Our Latest Stock Analysis on Richardson Electronics
Richardson Electronics Price Performance
Shares of RELL stock remained flat at $9.90 during trading hours on Tuesday. 141,516 shares of the stock traded hands, compared to its average volume of 161,567. The company's 50-day moving average price is $9.00 and its two-hundred day moving average price is $10.73. Richardson Electronics has a 12 month low of $8.08 and a 12 month high of $19.58. The firm has a market cap of $141.37 million, a PE ratio of 35.36, a price-to-earnings-growth ratio of 3.63 and a beta of 1.01.
Richardson Electronics Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 29th. Investors of record on Friday, May 10th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.24 dividend on an annualized basis and a yield of 2.42%. Richardson Electronics's dividend payout ratio is 85.71%.
Insider Activity at Richardson Electronics
In other news, Director Kenneth Halverson purchased 2,500 shares of Richardson Electronics stock in a transaction dated Monday, January 29th. The stock was purchased at an average cost of $10.06 per share, for a total transaction of $25,150.00. Following the transaction, the director now directly owns 2,500 shares of the company's stock, valued at $25,150. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 32.50% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC bought a new position in shares of Richardson Electronics during the first quarter valued at about $40,000. UBS Group AG raised its stake in shares of Richardson Electronics by 85.4% during the second quarter. UBS Group AG now owns 1,854 shares of the technology company's stock valued at $27,000 after acquiring an additional 854 shares during the last quarter. BNP Paribas Arbitrage SNC bought a new position in shares of Richardson Electronics during the first quarter valued at about $52,000. State of Wyoming bought a new position in shares of Richardson Electronics during the fourth quarter valued at about $51,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Richardson Electronics by 48.9% during the first quarter. JPMorgan Chase & Co. now owns 2,553 shares of the technology company's stock valued at $32,000 after acquiring an additional 839 shares during the last quarter. 71.95% of the stock is currently owned by hedge funds and other institutional investors.
Richardson Electronics Company Profile
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Richardson Electronics, Ltd. provides engineered solutions, power grid and microwave tube, and related consumables worldwide. The Power and Microwave Technologies segment manufactures electron tubes and RF, Microwave and power components for semiconductors; and 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.
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