RF Industries (NASDAQ:RFIL – Get Free Report) had its price objective cut by research analysts at B. Riley Financial from $15.00 to $12.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the electronics maker’s stock. B. Riley Financial’s price objective would suggest a potential upside of 46.88% from the stock’s current price.
Other research analysts have also recently issued research reports about the stock. Zacks Research cut shares of RF Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 20th. Lake Street Capital decreased their price target on shares of RF Industries from $19.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday. Wall Street Zen downgraded RF Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Finally, Weiss Ratings cut RF Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.50.
Get Our Latest Stock Analysis on RFIL
RF Industries Price Performance
RF Industries (NASDAQ:RFIL – Get Free Report) last released its quarterly earnings data on Monday, September 14th. The electronics maker reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The company had revenue of $23.96 million during the quarter, compared to the consensus estimate of $23.28 million. RF Industries had a net margin of 1.70% and a return on equity of 12.79%. As a group, sell-side analysts forecast that RF Industries will post 0.59 EPS for the current fiscal year.
Hedge Funds Weigh In On RF Industries
Several hedge funds have recently made changes to their positions in the business. OMERS ADMINISTRATION Corp bought a new stake in shares of RF Industries in the first quarter worth $131,000. Bank of New York Mellon Corp bought a new stake in RF Industries during the 2nd quarter worth about $397,000. Bank of America Corp DE grew its holdings in shares of RF Industries by 519.3% in the 1st quarter. Bank of America Corp DE now owns 20,634 shares of the electronics maker’s stock valued at $213,000 after acquiring an additional 17,302 shares in the last quarter. Engineers Gate Manager LP raised its holdings in RF Industries by 28.4% during the second quarter. Engineers Gate Manager LP now owns 21,248 shares of the electronics maker’s stock worth $451,000 after acquiring an additional 4,697 shares in the last quarter. Finally, Walleye Capital LLC acquired a new position in RF Industries during the first quarter valued at approximately $731,000. 23.49% of the stock is owned by institutional investors.
RF Industries News Roundup
Here are the key news stories impacting RF Industries this week:
- Positive Sentiment: RF Industries reported record fiscal Q3 revenue of $23.96 million, up approximately 21% year over year, while profit nearly quadrupled. Management cited operating leverage and stronger demand for higher-value engineered solutions. RF Industries Reports Third Quarter Fiscal Year 2026 Financial Results
- Positive Sentiment: Management expects fourth-quarter sales to be roughly in line with or above Q3’s $24 million and is targeting DAC sales above $10 million. A $19.8 million backlog, DAC growth and expanding higher-value solutions support the outlook. RF Industries Q3 Earnings Call Centers on Q4 Sales and DAC Growth
- Positive Sentiment: B. Riley maintained a Buy rating, and an analyst commentary argued that the sell-off may be overdone as RF Industries diversifies beyond telecom carriers and shifts toward higher-margin engineered products. RF Industries: The Sell-Off Looks Overdone
- Neutral Sentiment: B. Riley reduced its price target to $12 from $15 while retaining its Buy recommendation, signaling more cautious near-term expectations but continued confidence in the company’s longer-term prospects. B. Riley Cuts Price Target on RF Industries
- Negative Sentiment: Q3 EPS was $0.19, below the $0.20 consensus estimate. The earnings miss, combined with a reported net margin of 1.70%, may be weighing on the stock even though revenue exceeded expectations. RF Industries Lags Q3 Earnings Estimates
RF Industries Company Profile
RF Industries, Inc (NASDAQ: RFIL) is a manufacturer and supplier of connectivity products and solutions for the wireless, broadcast, cable television, data networking, defense and aerospace markets. The company specializes in both standard and custom coaxial and fiber-optic cable assemblies, connectors, adapters and test accessories designed to withstand demanding environmental conditions. Through its product portfolio, RF Industries supports applications ranging from RF signal transmission and satellite communications to industrial automation and instrumentation.
The company’s offerings include premade and build-to-print coaxial cables and assemblies, field-installable connectors, power distribution components and calibration-grade test equipment.
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