What is Northland Capmk's Estimate for RELL FY2025 Earnings?

Richardson Electronics, Ltd. (NASDAQ:RELL - Free Report) - Research analysts at Northland Capmk decreased their FY2025 earnings per share (EPS) estimates for Richardson Electronics in a research report issued on Friday, February 7th. Northland Capmk analyst B. Brooks now anticipates that the technology company will earn $0.26 per share for the year, down from their prior forecast of $0.27. Northland Capmk has a "Hold" rating on the stock. The consensus estimate for Richardson Electronics' current full-year earnings is $0.28 per share.

Separately, Northland Securities reiterated a "market perform" rating on shares of Richardson Electronics in a research report on Monday, January 13th.

Richardson Electronics Trading Up 0.8 %

RELL stock traded up $0.11 during mid-day trading on Monday, hitting $13.11. The stock had a trading volume of 43,564 shares, compared to its average volume of 65,844. The firm has a fifty day simple moving average of $13.65 and a 200 day simple moving average of $13.06. The firm has a market capitalization of $188.92 million, a P/E ratio of 437.15, a P/E/G ratio of 1.91 and a beta of 0.93. Richardson Electronics has a 52 week low of $8.08 and a 52 week high of $15.51.

Richardson Electronics (NASDAQ:RELL - Get Free Report) last released its earnings results on Tuesday, January 7th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). Richardson Electronics had a return on equity of 0.42% and a net margin of 0.13%.

Richardson Electronics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, February 7th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, February 7th. This represents a $0.24 annualized dividend and a dividend yield of 1.83%. Richardson Electronics's dividend payout ratio is currently 800.27%.

Insider Activity at Richardson Electronics

In related 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 transaction of $33,200.00. Following the completion of the transaction, the chief financial officer now directly owns 54,534 shares in the company, valued at $724,211.52. This represents a 4.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 32.84% of the stock is currently owned by insiders.

Institutional Trading of Richardson Electronics

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN boosted its holdings in shares of Richardson Electronics by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 7,213 shares of the technology company's stock valued at $101,000 after acquiring an additional 1,572 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Richardson Electronics during the third quarter valued at about $134,000. Insight Wealth Strategies LLC bought a new stake in shares of Richardson Electronics during the fourth quarter worth about $140,000. Ritholtz Wealth Management acquired a new position in shares of Richardson Electronics in the fourth quarter valued at approximately $172,000. Finally, Jane Street Group LLC increased its stake in shares of Richardson Electronics by 8.2% in the third quarter. Jane Street Group LLC now owns 15,545 shares of the technology company's stock valued at $192,000 after buying an additional 1,182 shares during the period. Institutional investors own 71.95% of the company's stock.

Richardson Electronics Company Profile

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.