FY2024 EPS Estimates for Richardson Electronics, Ltd. Cut by Sidoti Csr (NASDAQ:RELL)

Richardson Electronics, Ltd. (NASDAQ:RELL) – Research analysts at Sidoti Csr decreased their FY2024 earnings per share (EPS) estimates for shares of Richardson Electronics in a report issued on Monday, April 15th. Sidoti Csr analyst A. Soderstrom now expects that the technology company will post earnings of $0.09 per share for the year, down from their previous estimate of $0.18. The consensus estimate for Richardson Electronics’ current full-year earnings is $0.18 per share. Sidoti Csr also issued estimates for Richardson Electronics’ Q1 2025 earnings at $0.09 EPS, Q2 2025 earnings at $0.11 EPS, Q3 2025 earnings at $0.12 EPS, Q4 2025 earnings at $0.18 EPS, Q1 2026 earnings at $0.21 EPS, Q2 2026 earnings at $0.23 EPS, Q3 2026 earnings at $0.23 EPS and FY2026 earnings at $0.92 EPS.

Separately, StockNews.com cut Richardson Electronics from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th.

Richardson Electronics Price Performance

Shares of Richardson Electronics stock opened at $9.90 on Tuesday. The stock has a market capitalization of $141.37 million, a P/E ratio of 35.36, a PEG ratio of 3.63 and a beta of 1.01. The stock has a 50 day moving average price of $9.01 and a two-hundred day moving average price of $10.72. Richardson Electronics has a 12-month low of $8.08 and a 12-month high of $19.58.

Richardson Electronics (NASDAQ:RELL) last announced its earnings results on Thursday, April 11th. The technology company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. The firm had revenue of $52.38 million during the quarter, compared to analysts’ expectations of $56.00 million. Richardson Electronics had a return on equity of 1.09% and a net margin of 1.97%. During the same quarter in the prior year, the business earned $0.44 earnings per share.

Richardson Electronics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Friday, May 10th will be given a $0.06 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.24 annualized dividend and a dividend yield of 2.42%. Richardson Electronics’s dividend payout ratio is 85.71%.

Insider Activity

In other Richardson Electronics news, Director Kenneth Halverson acquired 2,500 shares of Richardson Electronics stock in a transaction dated Monday, January 29th. The stock was bought at an average cost of $10.06 per share, with a total value of $25,150.00. Following the completion of the transaction, the director now owns 2,500 shares of the company’s stock, valued at $25,150. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 32.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Richardson Electronics

Several hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its position in shares of Richardson Electronics by 48.9% in the first quarter. JPMorgan Chase & Co. now owns 2,553 shares of the technology company’s stock valued at $32,000 after acquiring an additional 839 shares during the period. UBS Group AG raised its stake in shares of Richardson Electronics by 85.4% in the second quarter. UBS Group AG now owns 1,854 shares of the technology company’s stock valued at $27,000 after purchasing an additional 854 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Richardson Electronics by 7.8% in the third quarter. Royal Bank of Canada now owns 12,504 shares of the technology company’s stock valued at $189,000 after purchasing an additional 904 shares in the last quarter. BlackRock Inc. raised its stake in shares of Richardson Electronics by 0.4% in the first quarter. BlackRock Inc. now owns 239,083 shares of the technology company’s stock valued at $5,336,000 after purchasing an additional 933 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Richardson Electronics by 1.4% in the third quarter. Bank of New York Mellon Corp now owns 80,604 shares of the technology company’s stock valued at $1,217,000 after purchasing an additional 1,079 shares in the last quarter. 71.95% of the stock is owned by institutional investors.

Richardson Electronics Company Profile

Richardson Electronics, Ltd. provides engineered solutions, power grid and microwave tube, and related consumables worldwide. The Power and Microwave Technologies segment manufactures electron tubes and RF, Microwave and power components for semiconductors; and 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.