RF Industries (RFIL) to Release Earnings on Wednesday

RF Industries (NASDAQ:RFILGet Rating) will be releasing its earnings data after the market closes on Wednesday, September 14th. Analysts expect RF Industries to post earnings of $0.13 per share for the quarter. RF Industries has set its FY 2022 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

RF Industries (NASDAQ:RFILGet Rating) last announced its quarterly earnings results on Tuesday, June 14th. The electronics maker reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The firm had revenue of $21.51 million for the quarter, compared to the consensus estimate of $19.11 million. RF Industries had a return on equity of 8.72% and a net margin of 2.63%. On average, analysts expect RF Industries to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

RF Industries Price Performance

Shares of NASDAQ RFIL opened at $6.79 on Monday. RF Industries has a twelve month low of $5.48 and a twelve month high of $8.99. The business’s 50 day moving average price is $6.80 and its two-hundred day moving average price is $6.66. The company has a quick ratio of 1.53, a current ratio of 2.85 and a debt-to-equity ratio of 0.36. The company has a market cap of $68.96 million, a PE ratio of 35.74 and a beta of 1.13.

Insider Activity

In other news, Director Mark Keith Holdsworth bought 9,854 shares of the firm’s stock in a transaction dated Thursday, June 30th. The shares were bought at an average price of $6.20 per share, with a total value of $61,094.80. Following the completion of the transaction, the director now owns 521,322 shares of the company’s stock, valued at $3,232,196.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 12.20% of the stock is owned by company insiders.

Institutional Trading of RF Industries

A hedge fund recently raised its stake in RF Industries stock. State Street Corp boosted its stake in RF Industries, Ltd. (NASDAQ:RFILGet Rating) by 9.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,284 shares of the electronics maker’s stock after purchasing an additional 2,496 shares during the quarter. State Street Corp owned about 0.29% of RF Industries worth $211,000 at the end of the most recent reporting period. 36.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on RF Industries in a research report on Saturday. They issued a “hold” rating on the stock.

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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