Richardson Electronics, Ltd. (NASDAQ:RELL) Expected to Post FY2024 Earnings of $0.00 Per Share

Richardson Electronics, Ltd. (NASDAQ:RELL) – Equities researchers at Northland Capmk issued their FY2024 earnings per share (EPS) estimates for shares of Richardson Electronics in a research report issued to clients and investors on Monday, April 29th. Northland Capmk analyst B. Brooks forecasts that the technology company will post earnings per share of $0.00 for the year. The consensus estimate for Richardson Electronics’ current full-year earnings is $0.09 per share. Northland Capmk also issued estimates for Richardson Electronics’ Q4 2024 earnings at ($0.01) EPS, Q1 2025 earnings at $0.03 EPS, Q2 2025 earnings at $0.05 EPS, Q3 2025 earnings at $0.16 EPS, Q4 2025 earnings at $0.15 EPS and FY2025 earnings at $0.40 EPS.

Several other analysts have also weighed in on the company. Northland Securities assumed coverage on Richardson Electronics in a report on Monday. They set an “outperform” rating and a $13.00 price objective on the stock. StockNews.com lowered Richardson Electronics from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th.

Richardson Electronics Stock Down 0.3 %

RELL opened at $10.66 on Thursday. The firm has a market capitalization of $152.20 million, a P/E ratio of 38.07, a price-to-earnings-growth ratio of 7.80 and a beta of 0.99. The stock’s 50 day moving average price is $9.27 and its two-hundred day moving average price is $10.67. Richardson Electronics has a 12-month low of $8.08 and a 12-month high of $19.58.

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

Hedge Funds Weigh In On Richardson Electronics

Several institutional investors have recently bought and sold shares of RELL. Penn Mutual Asset Management LLC grew its stake in shares of Richardson Electronics by 17.4% during the third quarter. Penn Mutual Asset Management LLC now owns 274,126 shares of the technology company’s stock valued at $2,996,000 after buying an additional 40,651 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of Richardson Electronics during the third quarter valued at approximately $169,000. GSA Capital Partners LLP bought a new stake in shares of Richardson Electronics during the third quarter valued at approximately $1,433,000. Ballast Asset Management LP bought a new stake in Richardson Electronics in the 3rd quarter worth approximately $915,000. Finally, Quantbot Technologies LP bought a new stake in Richardson Electronics in the 3rd quarter worth approximately $29,000. Hedge funds and other institutional investors own 71.95% of the company’s stock.

Insider Transactions at Richardson Electronics

In related news, Director Kenneth Halverson acquired 2,500 shares of the stock in a transaction on Monday, April 22nd. The shares were purchased at an average price of $10.05 per share, for a total transaction of $25,125.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at $50,250. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Kenneth Halverson acquired 2,500 shares of Richardson Electronics stock in a transaction that occurred on Monday, April 22nd. The shares were acquired at an average price of $10.05 per share, for a total transaction of $25,125.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $50,250. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul J. Plante bought 5,000 shares of the business’s stock in a transaction on Wednesday, April 17th. The shares were bought at an average cost of $9.96 per share, for a total transaction of $49,800.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $49,800. The disclosure for this purchase can be found here. 32.50% of the stock is owned by insiders.

Richardson Electronics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Friday, May 10th will be paid a $0.06 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.24 dividend on an annualized basis and a yield of 2.25%. Richardson Electronics’s payout ratio is 85.71%.

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.