Richardson Electronics, Ltd. to Post Q4 2024 Earnings of $0.07 Per Share, Sidoti Csr Forecasts (NASDAQ:RELL)

Richardson Electronics, Ltd. (NASDAQ:RELL) – Analysts at Sidoti Csr lowered their Q4 2024 earnings per share estimates for shares of Richardson Electronics in a research report issued to clients and investors on Monday, April 15th. Sidoti Csr analyst A. Soderstrom now forecasts that the technology company will post earnings per share of $0.07 for the quarter, down from their previous estimate 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 cut Richardson Electronics from a “hold” rating to a “sell” rating in a report on Thursday, January 11th.

Richardson Electronics Trading Down 0.4 %

RELL stock opened at $9.86 on Wednesday. The stock has a 50-day moving average price of $9.02 and a two-hundred day moving average price of $10.71. The stock has a market cap of $140.80 million, a PE ratio of 35.21, a price-to-earnings-growth ratio of 7.33 and a beta of 1.01. Richardson Electronics has a 1 year low of $8.08 and a 1 year high of $19.58.

Richardson Electronics (NASDAQ:RELL) last issued its quarterly earnings data on Thursday, April 11th. The technology company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $52.38 million for 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 quarter last year, the business posted $0.44 EPS.

Richardson Electronics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 29th. Investors 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 2.43%. Richardson Electronics’s dividend payout ratio (DPR) is 85.71%.

Insider Activity at Richardson Electronics

In other news, Director Kenneth Halverson bought 2,500 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average price of $10.06 per share, for a total transaction of $25,150.00. Following the completion of the acquisition, the director now directly owns 2,500 shares in the company, valued at $25,150. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 32.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Richardson Electronics

Several hedge funds and other institutional investors have recently bought and sold shares of RELL. JPMorgan Chase & Co. boosted its position in shares of 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 in the last quarter. UBS Group AG lifted its position in Richardson Electronics by 85.4% in the 2nd quarter. UBS Group AG now owns 1,854 shares of the technology company’s stock valued at $27,000 after acquiring an additional 854 shares in the last quarter. Royal Bank of Canada lifted its position in Richardson Electronics by 7.8% in the 3rd quarter. Royal Bank of Canada now owns 12,504 shares of the technology company’s stock valued at $189,000 after acquiring an additional 904 shares in the last quarter. BlackRock Inc. lifted its position in Richardson Electronics by 0.4% in the 1st quarter. BlackRock Inc. now owns 239,083 shares of the technology company’s stock valued at $5,336,000 after acquiring an additional 933 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Richardson Electronics by 1.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 80,604 shares of the technology company’s stock valued at $1,217,000 after acquiring an additional 1,079 shares in the last quarter. Institutional investors and hedge funds own 71.95% of the company’s stock.

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.