RH (NYSE:RH) Expected to Post Earnings of $5.43 Per Share

Wall Street brokerages expect RH (NYSE:RHGet Rating) to announce earnings per share of $5.43 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for RH’s earnings. The highest EPS estimate is $5.65 and the lowest is $5.19. RH posted earnings per share of $4.89 during the same quarter last year, which would suggest a positive year over year growth rate of 11%. The firm is scheduled to report its next earnings results on Monday, January 1st.

On average, analysts expect that RH will report full year earnings of $26.07 per share for the current financial year, with EPS estimates ranging from $24.50 to $27.00. For the next year, analysts expect that the business will post earnings of $28.22 per share, with EPS estimates ranging from $25.00 to $32.46. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for RH.

RH (NYSE:RHGet Rating) last announced its quarterly earnings results on Tuesday, March 29th. The company reported $5.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $5.59 by $0.07. The business had revenue of $902.74 million during the quarter, compared to analyst estimates of $931.50 million. RH had a return on equity of 85.67% and a net margin of 18.32%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the company earned $5.07 EPS.

Several research analysts recently issued reports on the stock. Cowen dropped their price target on shares of RH from $850.00 to $600.00 and set an “outperform” rating for the company in a research report on Thursday, March 31st. TheStreet lowered shares of RH from a “b-” rating to a “c+” rating in a report on Monday, April 4th. Bank of America decreased their price objective on shares of RH from $700.00 to $650.00 and set a “buy” rating on the stock in a research note on Wednesday, March 30th. Barclays cut their target price on shares of RH from $723.00 to $528.00 and set an “overweight” rating for the company in a research note on Wednesday, March 30th. Finally, UBS Group decreased their price target on RH from $550.00 to $470.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 30th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, RH currently has a consensus rating of “Buy” and an average target price of $598.76.

RH stock opened at $353.22 on Monday. RH has a 52-week low of $313.85 and a 52-week high of $744.56. The stock has a market capitalization of $7.67 billion, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 1.18 and a beta of 2.35. The company has a 50-day moving average of $370.08 and a two-hundred day moving average of $502.41. The company has a debt-to-equity ratio of 2.36, a current ratio of 2.91 and a quick ratio of 2.22.

In other news, CFO Jack M. Preston sold 28,779 shares of RH stock in a transaction that occurred on Thursday, March 31st. The shares were sold at an average price of $326.31, for a total value of $9,390,875.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Eri Chaya sold 17,150 shares of the stock in a transaction that occurred on Thursday, March 31st. The stock was sold at an average price of $326.27, for a total value of $5,595,530.50. The disclosure for this sale can be found here. Insiders have sold a total of 1,261,761 shares of company stock valued at $409,529,620 in the last ninety days. Insiders own 33.00% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WASHINGTON TRUST Co boosted its position in RH by 73.1% in the third quarter. WASHINGTON TRUST Co now owns 45 shares of the company’s stock valued at $30,000 after buying an additional 19 shares in the last quarter. Insight Wealth Strategies LLC boosted its holdings in shares of RH by 0.8% during the 3rd quarter. Insight Wealth Strategies LLC now owns 3,041 shares of the company’s stock valued at $2,028,000 after acquiring an additional 23 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in RH by 0.4% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,628 shares of the company’s stock worth $3,753,000 after acquiring an additional 23 shares during the last quarter. Sugarloaf Wealth Management LLC increased its holdings in RH by 14.9% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 223 shares of the company’s stock worth $120,000 after purchasing an additional 29 shares in the last quarter. Finally, Beirne Wealth Consulting Services LLC raised its position in RH by 10.0% in the third quarter. Beirne Wealth Consulting Services LLC now owns 385 shares of the company’s stock valued at $256,000 after purchasing an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 95.21% of the company’s stock.

RH Company Profile (Get Rating)

RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.

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Earnings History and Estimates for RH (NYSE:RH)

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