Richardson Electronics (RELL) Set to Announce Quarterly Earnings on Wednesday

Richardson Electronics (NASDAQ:RELLGet Free Report) is set to issue its quarterly earnings data on Wednesday, April 3rd.

Richardson Electronics (NASDAQ:RELLGet Free Report) last posted its quarterly earnings results on Wednesday, January 10th. The technology company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.14). Richardson Electronics had a return on equity of 4.76% and a net margin of 4.38%. The company had revenue of $44.13 million during the quarter, compared to the consensus estimate of $52.00 million. On average, analysts expect Richardson Electronics to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Richardson Electronics Price Performance

Shares of Richardson Electronics stock opened at $9.26 on Tuesday. Richardson Electronics has a 1 year low of $8.08 and a 1 year high of $23.36. The firm’s 50-day moving average is $9.10 and its two-hundred day moving average is $10.85. The stock has a market cap of $132.23 million, a price-to-earnings ratio of 13.82, a PEG ratio of 3.41 and a beta of 1.01.

Richardson Electronics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Friday, February 9th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.59%. The ex-dividend date was Thursday, February 8th. Richardson Electronics’s payout ratio is 35.82%.

Insider Transactions at Richardson Electronics

In related news, Director Kenneth Halverson purchased 2,500 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were purchased at an average price of $10.06 per share, with a total value of $25,150.00. Following the purchase, the director now owns 2,500 shares of the company’s stock, valued at $25,150. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 32.50% of the company’s stock.

Institutional Investors Weigh In On Richardson Electronics

Several institutional investors and hedge funds have recently added to or reduced their stakes in RELL. JPMorgan Chase & Co. boosted its stake in Richardson Electronics by 48.9% during the 1st quarter. JPMorgan Chase & Co. now owns 2,553 shares of the technology company’s stock worth $32,000 after purchasing an additional 839 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Richardson Electronics by 41.3% during the 1st quarter. Bank of New York Mellon Corp now owns 77,963 shares of the technology company’s stock worth $970,000 after acquiring an additional 22,793 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Richardson Electronics by 7.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 922,705 shares of the technology company’s stock worth $11,478,000 after acquiring an additional 61,957 shares during the period. Vanguard Group Inc. raised its holdings in shares of Richardson Electronics by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 473,601 shares of the technology company’s stock worth $5,892,000 after acquiring an additional 5,853 shares during the period. Finally, Ancora Advisors LLC raised its holdings in shares of Richardson Electronics by 490.0% during the 1st quarter. Ancora Advisors LLC now owns 155,515 shares of the technology company’s stock worth $990,000 after acquiring an additional 129,158 shares during the period. Institutional investors and hedge funds own 71.95% of the company’s stock.

Analyst Ratings Changes

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

View Our Latest Research Report on RELL

About Richardson Electronics

(Get Free Report)

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.

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Earnings History for Richardson Electronics (NASDAQ:RELL)

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