Richelieu Hardware (RCH) Scheduled to Post Earnings on Thursday

Richelieu Hardware (TSE:RCH - Get Free Report) is scheduled to release its earnings data before the market opens on Thursday, April 11th. Analysts expect Richelieu Hardware to post earnings of C$0.34 per share for the quarter.

Richelieu Hardware (TSE:RCH - Get Free Report) last issued its quarterly earnings results on Thursday, January 18th. The company reported C$0.51 EPS for the quarter, missing the consensus estimate of C$0.54 by C($0.03). The firm had revenue of C$453.70 million for the quarter, compared to analysts' expectations of C$443.00 million. Richelieu Hardware had a return on equity of 13.18% and a net margin of 6.24%.

Richelieu Hardware Trading Down 1.6 %

TSE:RCH traded down C$0.69 during trading hours on Wednesday, hitting C$41.25. The company had a trading volume of 18,439 shares, compared to its average volume of 47,044. The company has a current ratio of 3.62, a quick ratio of 0.72 and a debt-to-equity ratio of 23.05. The company has a 50-day moving average of C$43.28 and a 200 day moving average of C$43.28. The company has a market cap of C$2.31 billion, a P/E ratio of 20.83, a P/E/G ratio of 0.77 and a beta of 0.94. Richelieu Hardware has a 1 year low of C$36.92 and a 1 year high of C$48.27.

Richelieu Hardware Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.45%. The ex-dividend date was Wednesday, January 31st. Richelieu Hardware's payout ratio is currently 30.30%.

Analyst Ratings Changes

Several brokerages have recently commented on RCH. CIBC decreased their price target on Richelieu Hardware from C$49.00 to C$46.00 and set a "neutral" rating on the stock in a research note on Monday, January 22nd. National Bankshares lowered Richelieu Hardware from an "outperform" rating to a "sector perform" rating and decreased their price target for the company from C$47.60 to C$45.50 in a research note on Friday, January 19th. Finally, National Bank Financial lowered Richelieu Hardware from an "outperform market weight" rating to a "sector perform market weight" rating in a research note on Thursday, January 18th.

Insider Buying and Selling at Richelieu Hardware

In other Richelieu Hardware news, Senior Officer Yannick Godeau sold 1,000 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of C$43.90, for a total value of C$43,899.40. In other news, Senior Officer Guy Grenier sold 3,000 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of C$43.73, for a total value of C$131,198.70. Also, Senior Officer Yannick Godeau sold 1,000 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of C$43.90, for a total value of C$43,899.40. 7.56% of the stock is owned by corporate insiders.

Richelieu Hardware Company Profile

Richelieu Hardware Ltd. manufactures, imports, and distributes specialty hardware and complementary products in Canada and the United States. The company's principal product categories include furniture, glass and building decorative, and functional hardware; lighting systems; finishing and decorating products; ergonomic workstation components; kitchen and closet storage solutions; sliding door systems; decorative and functional panels; high-pressure laminates; railing and balusters; floor protection products; and power tool accessories.