RCI Hospitality (NASDAQ:RICK) Announces Quarterly Earnings Results, Misses Expectations By $0.34 EPS

RCI Hospitality (NASDAQ:RICK - Get Free Report) announced its quarterly earnings data on Monday. The restaurant operator reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.34), Zacks reports. RCI Hospitality had a return on equity of 1.76% and a net margin of 1.67%.

RCI Hospitality Stock Performance

NASDAQ:RICK traded up $0.04 during mid-day trading on Monday, reaching $52.13. The company's stock had a trading volume of 192,836 shares, compared to its average volume of 77,614. The stock has a market cap of $469.17 million, a P/E ratio of 100.18 and a beta of 1.60. The firm's fifty day moving average price is $47.64 and its two-hundred day moving average price is $45.60. RCI Hospitality has a 12-month low of $37.61 and a 12-month high of $68.26. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 0.80.

RCI Hospitality Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.28 annualized dividend and a dividend yield of 0.54%. RCI Hospitality's dividend payout ratio (DPR) is presently 53.85%.

Analysts Set New Price Targets

Several analysts recently commented on RICK shares. StockNews.com raised shares of RCI Hospitality from a "hold" rating to a "buy" rating in a research report on Monday, October 7th. HC Wainwright reiterated a "buy" rating and issued a $98.00 target price on shares of RCI Hospitality in a research note on Wednesday, November 6th.

RCI Hospitality Company Profile

RCI Hospitality Holdings, Inc, through its subsidiaries, engages in the hospitality and related businesses in the United States. It operates in Nightclubs, Bombshells, and Media Group segments. The company's wholly-owned subsidiaries own and/or operates upscale adult nightclubs serving primarily businessmen and professionals under the Rick's Cabaret, Jaguars Club, Tootsie's Cabaret, XTC Cabaret, Club Onyx, Hoops Cabaret and Sports Bar, Scarlett's Cabaret, Temptations Adult Cabaret, Foxy's Cabaret, Vivid Cabaret, Downtown Cabaret, Cabaret East, The Seville, Silver City Cabaret, and Kappa Men's Club.

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