Richardson Electronics (RELL) to Release Earnings on Wednesday

Richardson Electronics (NASDAQ:RELL) is expected to 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 released its earnings results on Tuesday, January 7th. The technology company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Richardson Electronics had a net margin of 0.13% and a return on equity of 0.42%. 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 Stock Down 4.0 %

Shares of RELL stock opened at $9.73 on Monday. The business’s fifty day moving average is $12.61 and its 200 day moving average is $13.27. The stock has a market cap of $140.20 million, a price-to-earnings ratio of 324.44, a PEG ratio of 1.98 and a beta of 0.89. Richardson Electronics has a twelve month low of $9.01 and a twelve month high of $15.51.

Richardson Electronics Announces Dividend

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

Insider Transactions at Richardson Electronics

In other news, CFO Robert J. Ben sold 2,500 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 54,534 shares in the company, valued at approximately $724,211.52. This represents a 4.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 32.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Northland Capmk cut shares of Richardson Electronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 13th. Northland Securities reaffirmed a “market perform” rating on shares of Richardson Electronics in a research note on Monday, January 13th.

About Richardson Electronics

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.