Richardson Electronics, Ltd. to Post Q4 2024 Earnings of $0.07 Per Share, Sidoti Csr Forecasts (NASDAQ:RELL)

Richardson Electronics, Ltd. (NASDAQ:RELL) – Sidoti Csr decreased their Q4 2024 earnings per share (EPS) estimates for shares of Richardson Electronics in a research note issued to investors on Monday, April 15th. Sidoti Csr analyst A. Soderstrom now forecasts that the technology company will post earnings per share of $0.07 for the quarter, down from their previous forecast of $0.20. The consensus estimate for Richardson Electronics’ current full-year earnings is $0.09 per share. Sidoti Csr also issued estimates for Richardson Electronics’ FY2025 earnings at $0.50 EPS.

Richardson Electronics (NASDAQ:RELL) last released its quarterly earnings results on Thursday, April 11th. The technology company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. The business had revenue of $52.38 million during the quarter, compared to analyst estimates of $56.00 million. Richardson Electronics had a return on equity of 1.09% and a net margin of 1.97%. During the same quarter last year, the company posted $0.44 EPS.

Separately, StockNews.com lowered shares of Richardson Electronics from a “hold” rating to a “sell” rating in a report on Thursday, January 11th.

Richardson Electronics Trading Up 2.7 %

RELL stock opened at $10.13 on Wednesday. Richardson Electronics has a one year low of $8.08 and a one year high of $19.58. The firm has a 50-day moving average of $9.04 and a two-hundred day moving average of $10.71. The firm has a market capitalization of $144.66 million, a PE ratio of 36.18, a P/E/G ratio of 7.33 and a beta of 1.01.

Institutional Investors Weigh In On Richardson Electronics

A number of hedge funds and other institutional investors have recently made changes to their positions in RELL. Vanguard Group Inc. increased its stake in shares of Richardson Electronics by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 566,524 shares of the technology company’s stock worth $7,563,000 after purchasing an additional 9,508 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Richardson Electronics by 69.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 20,251 shares of the technology company’s stock valued at $270,000 after buying an additional 8,302 shares in the last quarter. Barclays PLC lifted its position in shares of Richardson Electronics by 263.3% in the fourth quarter. Barclays PLC now owns 20,231 shares of the technology company’s stock worth $270,000 after buying an additional 14,662 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Richardson Electronics by 38.4% during the 4th quarter. Nuveen Asset Management LLC now owns 21,406 shares of the technology company’s stock worth $286,000 after acquiring an additional 5,943 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Richardson Electronics by 8.9% during the 4th quarter. Royal Bank of Canada now owns 21,310 shares of the technology company’s stock valued at $284,000 after acquiring an additional 1,749 shares during the last quarter. 71.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Richardson Electronics news, Director Kenneth Halverson bought 2,500 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were bought at an average price of $10.06 per share, for a total transaction of $25,150.00. Following the acquisition, the director now directly owns 2,500 shares of the company’s stock, valued at $25,150. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Kenneth Halverson bought 2,500 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was bought at an average price of $10.06 per share, with a total value of $25,150.00. Following the purchase, the director now directly owns 2,500 shares of the company’s stock, valued at approximately $25,150. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul J. Plante purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, April 17th. The stock was bought at an average cost of $9.96 per share, for a total transaction of $49,800.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $49,800. The disclosure for this purchase can be found here. 32.50% of the stock is currently owned by corporate insiders.

Richardson Electronics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Friday, May 10th will be given a $0.06 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.24 annualized dividend and a dividend yield of 2.37%. Richardson Electronics’s dividend payout ratio (DPR) is presently 85.71%.

Richardson Electronics Company Profile

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.