Richardson Electronics (RELL) to Release Quarterly Earnings on Wednesday

Richardson Electronics (NASDAQ:RELL - Get Free Report) is anticipated to announce its earnings results 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 - Get Free Report) last announced its quarterly earnings data 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 return on equity of 0.42% and a net margin of 0.13%. 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 Performance

Richardson Electronics stock traded down $0.78 during mid-day trading on Thursday, reaching $10.14. The company's stock had a trading volume of 64,796 shares, compared to its average volume of 74,224. Richardson Electronics has a 12 month low of $9.00 and a 12 month high of $15.51. The business's 50 day simple moving average is $12.74 and its 200 day simple moving average is $13.29. The company has a market capitalization of $146.11 million, a price-to-earnings ratio of 338.11, a price-to-earnings-growth ratio of 1.98 and a beta of 0.88.

Richardson Electronics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 7th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend was Friday, February 7th. Richardson Electronics's payout ratio is 800.00%.

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Analyst Ratings Changes

Several research analysts recently commented on the company. Northland Capmk cut Richardson Electronics from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 13th. Northland Securities reissued a "market perform" rating on shares of Richardson Electronics in a research note on Monday, January 13th.

Insider Activity

In related news, CFO Robert J. Ben sold 2,500 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $13.28, for a total value of $33,200.00. Following the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 32.84% of the stock is owned by insiders.

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.