National Bank Financial Equities Analysts Raise Earnings Estimates for Richelieu Hardware Ltd. (TSE:RCH)

Richelieu Hardware Ltd. (TSE:RCHGet Rating) – Equities research analysts at National Bank Financial lifted their FY2022 EPS estimates for shares of Richelieu Hardware in a research note issued on Wednesday, January 18th. National Bank Financial analyst Z. Evershed now expects that the company will earn $2.94 per share for the year, up from their previous estimate of $2.91. The consensus estimate for Richelieu Hardware’s current full-year earnings is $2.43 per share. National Bank Financial also issued estimates for Richelieu Hardware’s Q4 2022 earnings at $0.75 EPS, FY2023 earnings at $2.46 EPS and FY2024 earnings at $2.34 EPS.

A number of other research firms also recently issued reports on RCH. National Bankshares cut their target price on shares of Richelieu Hardware from C$55.00 to C$54.00 and set an “outperform” rating on the stock in a research report on Friday. TD Securities downgraded shares of Richelieu Hardware from a “buy” rating to a “hold” rating and set a C$45.00 target price on the stock. in a research report on Friday, October 7th. Finally, CIBC cut their target price on shares of Richelieu Hardware from C$47.00 to C$46.00 in a research report on Tuesday, January 10th.

Richelieu Hardware Stock Up 1.9 %

Shares of TSE RCH opened at C$37.96 on Friday. The company has a quick ratio of 0.72, a current ratio of 2.75 and a debt-to-equity ratio of 26.69. Richelieu Hardware has a 12-month low of C$32.35 and a 12-month high of C$51.52. The company has a market cap of C$2.12 billion and a price-to-earnings ratio of 12.74. The firm’s 50-day simple moving average is C$37.09 and its 200 day simple moving average is C$36.78.

About Richelieu Hardware

(Get Rating)

Richelieu Hardware Ltd. manufactures, imports, and distributes specialty hardware and complementary products in North America. The company's principal product categories include furniture, glass and building decorative and functional hardware, lighting systems, finishing and decorating products, ergonomic workstation components, kitchen and closet storage solutions, sliding door systems, decorative and functional panels, high-pressure laminates, railing and balusters, and floor protection products, as well as accessories for power tools.

Featured Articles

Receive News & Ratings for Richelieu Hardware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Richelieu Hardware and related companies with MarketBeat.com's FREE daily email newsletter.