Richardson Electronics (NASDAQ:RELL) Issues Earnings Results, Beats Expectations By $0.03 EPS

Richardson Electronics (NASDAQ:RELL - Get Free Report) announced its quarterly earnings data on Wednesday. The technology company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03, Zacks reports. Richardson Electronics had a return on equity of 0.42% and a net margin of 0.13%. The firm had revenue of $53.80 million for the quarter, compared to analysts' expectations of $56.90 million. During the same period last year, the business posted $0.05 earnings per share.

Richardson Electronics Price Performance

Shares of RELL stock traded up $0.15 during trading hours on Monday, reaching $8.30. The stock had a trading volume of 116,588 shares, compared to its average volume of 72,261. The firm has a market capitalization of $119.59 million, a PE ratio of 276.76, a price-to-earnings-growth ratio of 1.98 and a beta of 0.89. The firm has a 50-day simple moving average of $12.04 and a 200-day simple moving average of $13.12. Richardson Electronics has a twelve month low of $7.57 and a twelve month high of $15.51.

Richardson Electronics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Friday, May 9th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Friday, May 9th. Richardson Electronics's dividend payout ratio (DPR) is -141.18%.

Insider Buying and Selling at Richardson Electronics

In other Richardson Electronics news, CFO Robert J. Ben sold 2,500 shares of Richardson Electronics stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $13.28, for a total transaction of $33,200.00. Following the sale, the chief financial officer now owns 54,534 shares of the company's stock, valued at $724,211.52. The trade was a 4.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 32.84% of the stock is currently owned by company insiders.

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Analysts Set New Price Targets

RELL has been the topic of a number of recent research reports. StockNews.com upgraded shares of Richardson Electronics from a "hold" rating to a "buy" rating in a research report on Friday. Northland Capmk cut shares of Richardson Electronics from a "strong-buy" rating to a "hold" rating in a report on Monday, January 13th. Finally, Northland Securities reaffirmed a "market perform" rating on shares of Richardson Electronics in a report 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.