RF Industries (RFIL) Scheduled to Post Earnings on Tuesday

RF Industries (NASDAQ:RFILGet Rating) is set to post its quarterly earnings results after the market closes on Tuesday, June 14th. Analysts expect RF Industries to post earnings of $0.07 per share for the quarter. RF Industries has set its FY 2022 guidance at EPS.

RF Industries (NASDAQ:RFILGet Rating) last issued its earnings results on Thursday, March 17th. The electronics maker reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. RF Industries had a return on equity of 5.95% and a net margin of 9.82%. The company had revenue of $16.92 million for the quarter, compared to the consensus estimate of $15.84 million. During the same quarter in the prior year, the company earned ($0.04) EPS. On average, analysts expect RF Industries to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NASDAQ:RFIL opened at $6.54 on Wednesday. The stock’s 50 day moving average price is $6.54 and its 200 day moving average price is $6.95. RF Industries has a 52 week low of $5.48 and a 52 week high of $9.63. The company has a market capitalization of $66.05 million, a P/E ratio of 10.55 and a beta of 1.14.

A number of equities analysts recently commented on the company. B. Riley dropped their price objective on RF Industries from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Monday, March 14th. StockNews.com began coverage on RF Industries in a report on Monday. They set a “hold” rating on the stock. Finally, Zacks Investment Research cut RF Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th.

In other RF Industries news, Director Mark Keith Holdsworth bought 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 29th. The shares were acquired at an average cost of $7.20 per share, with a total value of $360,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 10.20% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Citadel Advisors LLC grew its stake in RF Industries by 323.8% during the third quarter. Citadel Advisors LLC now owns 25,517 shares of the electronics maker’s stock worth $206,000 after purchasing an additional 36,917 shares during the period. State Street Corp grew its stake in RF Industries by 9.3% during the first quarter. State Street Corp now owns 29,284 shares of the electronics maker’s stock worth $211,000 after purchasing an additional 2,496 shares during the period. Geode Capital Management LLC boosted its holdings in RF Industries by 16.6% in the third quarter. Geode Capital Management LLC now owns 69,052 shares of the electronics maker’s stock worth $557,000 after acquiring an additional 9,848 shares in the last quarter. Worth Venture Partners LLC boosted its holdings in RF Industries by 10.3% in the first quarter. Worth Venture Partners LLC now owns 128,684 shares of the electronics maker’s stock worth $928,000 after acquiring an additional 12,000 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in RF Industries by 9.9% in the fourth quarter. BlackRock Inc. now owns 157,668 shares of the electronics maker’s stock worth $1,261,000 after acquiring an additional 14,171 shares in the last quarter. 37.17% of the stock is owned by institutional investors.

RF Industries Company Profile (Get Rating)

RF Industries, Ltd., together with its subsidiaries, designs, manufactures, and markets interconnect products and systems in the United States, Canada, Mexico, and internationally. The company operates through two segments, RF Connector and Cable Assembly and Custom Cabling Manufacturing and Assembly.

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Earnings History for RF Industries (NASDAQ:RFIL)

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