Richardson Electronics, Ltd. to Post Q4 2024 Earnings of $0.07 Per Share, Sidoti Csr Forecasts (NASDAQ:RELL)

Richardson Electronics, Ltd. (NASDAQ:RELL) – Equities researchers at Sidoti Csr dropped their Q4 2024 EPS estimates for Richardson Electronics in a research note issued on Monday, April 15th. Sidoti Csr analyst A. Soderstrom now forecasts that the technology company will earn $0.07 per share for the quarter, down from their previous estimate of $0.20. The consensus estimate for Richardson Electronics’ current full-year earnings is $0.09 per share. Sidoti Csr also issued estimates for Richardson Electronics’ FY2025 earnings at $0.50 EPS.

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

Separately, StockNews.com downgraded shares of Richardson Electronics from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th.

Richardson Electronics Stock Performance

Shares of NASDAQ RELL opened at $9.86 on Wednesday. The firm’s 50 day moving average price is $9.02 and its 200-day moving average price is $10.71. The company has a market cap of $140.80 million, a PE ratio of 35.21, a P/E/G ratio of 7.33 and a beta of 1.01. Richardson Electronics has a 52-week low of $8.08 and a 52-week high of $19.58.

Richardson Electronics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 29th. Investors of record on Friday, May 10th will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.24 dividend on an annualized basis and a yield of 2.43%. Richardson Electronics’s dividend payout ratio (DPR) is 85.71%.

Insider Activity at Richardson Electronics

In related news, Director Kenneth Halverson acquired 2,500 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were bought at an average price of $10.06 per share, for a total transaction of $25,150.00. Following the completion of the transaction, the director now directly owns 2,500 shares in the company, 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 insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Richardson Electronics by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 566,524 shares of the technology company’s stock valued at $7,563,000 after purchasing an additional 9,508 shares during the period. Goldman Sachs Group Inc. increased its holdings in Richardson Electronics by 69.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 20,251 shares of the technology company’s stock valued at $270,000 after buying an additional 8,302 shares during the last quarter. Barclays PLC increased its holdings in Richardson Electronics by 263.3% during the fourth quarter. Barclays PLC now owns 20,231 shares of the technology company’s stock valued at $270,000 after buying an additional 14,662 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in Richardson Electronics by 38.4% during the fourth quarter. Nuveen Asset Management LLC now owns 21,406 shares of the technology company’s stock valued at $286,000 after buying an additional 5,943 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in Richardson Electronics by 8.9% during the fourth quarter. Royal Bank of Canada now owns 21,310 shares of the technology company’s stock valued at $284,000 after buying an additional 1,749 shares during the last quarter. Institutional investors own 71.95% of the company’s stock.

About Richardson Electronics

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.