Richelieu Hardware (RCH) Set to Announce Earnings on Thursday

Richelieu Hardware (TSE:RCH - Get Free Report) is scheduled to be releasing its earnings data before the market opens on Thursday, October 10th. Analysts expect Richelieu Hardware to post earnings of C$0.50 per share for the quarter.

Richelieu Hardware (TSE:RCH - Get Free Report) last issued its earnings results on Thursday, July 11th. The company reported C$0.42 earnings per share for the quarter, meeting the consensus estimate of C$0.42. The company had revenue of C$481.43 million during the quarter, compared to analysts' expectations of C$481.90 million. Richelieu Hardware had a return on equity of 11.28% and a net margin of 5.39%.

Richelieu Hardware Trading Down 1.2 %

Richelieu Hardware stock traded down C$0.47 during trading hours on Thursday, reaching C$40.04. The company had a trading volume of 49,275 shares, compared to its average volume of 49,301. The company has a debt-to-equity ratio of 29.93, a current ratio of 3.27 and a quick ratio of 0.72. Richelieu Hardware has a 12-month low of C$37.39 and a 12-month high of C$48.27. The company has a 50-day moving average price of C$39.47 and a 200 day moving average price of C$39.90. The firm has a market cap of C$2.23 billion, a price-to-earnings ratio of 23.28, a P/E/G ratio of 0.77 and a beta of 0.94.

Richelieu Hardware Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, July 25th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Thursday, July 25th. Richelieu Hardware's payout ratio is 34.88%.

Insider Buying and Selling

In other Richelieu Hardware news, Senior Officer Antoine Auclair sold 2,100 shares of the company's stock in a transaction on Thursday, July 18th. The shares were sold at an average price of C$39.71, for a total value of C$83,393.94. In other news, Director Marc Poulin bought 3,000 shares of the stock in a transaction dated Tuesday, July 16th. The stock was bought at an average price of C$39.84 per share, for a total transaction of C$119,526.90. Also, Senior Officer Antoine Auclair sold 2,100 shares of the company's stock in a transaction on Thursday, July 18th. The stock was sold at an average price of C$39.71, for a total value of C$83,393.94. Insiders sold 9,100 shares of company stock valued at $361,346 over the last quarter. 7.62% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on RCH shares. National Bankshares set a C$45.50 price target on shares of Richelieu Hardware and gave the stock a "sector perform" rating in a report on Tuesday, June 18th. CIBC reduced their price target on Richelieu Hardware from C$45.00 to C$44.00 and set a "neutral" rating on the stock in a report on Monday, July 15th.

About Richelieu Hardware

Richelieu Hardware Ltd. manufactures, imports, and distributes specialty hardware and complementary products in Canada and the United States. The company's principal product categories include furniture, glass and building decorative, and functional hardware; lighting systems; finishing and decorating products; ergonomic workstation components; kitchen and closet storage solutions; sliding door systems; decorative and functional panels; high-pressure laminates; railing and balusters; floor protection products; and power tool accessories.