Q4 2024 EPS Estimates for Richardson Electronics, Ltd. Reduced by Sidoti Csr (NASDAQ:RELL)

Richardson Electronics, Ltd. (NASDAQ:RELL) – Analysts at Sidoti Csr cut their Q4 2024 earnings per share (EPS) estimates for Richardson Electronics in a note issued to investors on Monday, April 15th. Sidoti Csr analyst A. Soderstrom now expects that the technology company will earn $0.07 per share for the quarter, down from their prior forecast 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.

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 traded down $0.04 during trading on Wednesday, hitting $9.86. The company had a trading volume of 97,675 shares, compared to its average volume of 160,704. The business’s 50-day moving average is $9.01 and its 200 day moving average is $10.72. Richardson Electronics has a 52 week low of $8.08 and a 52 week high of $19.58. The company has a market cap of $140.80 million, a P/E ratio of 35.36, a PEG ratio of 7.33 and a beta of 1.01.

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

Institutional Investors Weigh In On Richardson Electronics

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

Insider Transactions at Richardson Electronics

In related news, Director Kenneth Halverson purchased 2,500 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were acquired at an average cost of $10.06 per share, with a total value of $25,150.00. Following the completion of the purchase, the director now owns 2,500 shares of the company’s stock, valued at approximately $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 currently owned by company insiders.

Richardson Electronics Announces Dividend

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

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.