Richelieu Hardware (RCH) to Release Quarterly Earnings on Thursday

Richelieu Hardware (TSE:RCH) is set to issue its quarterly earnings data before the market opens on Thursday, October 10th. Analysts expect the company to announce earnings of C$0.50 per share for the quarter.

Richelieu Hardware (TSE:RCH) last issued its quarterly earnings results on Thursday, July 11th. The company reported C$0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.42. The company had revenue of C$481.43 million during the quarter, compared to the consensus estimate of C$481.90 million. Richelieu Hardware had a return on equity of 11.28% and a net margin of 5.39%.

Richelieu Hardware Stock Up 0.0 %

TSE RCH opened at C$40.51 on Thursday. Richelieu Hardware has a 52 week low of C$37.39 and a 52 week high of C$48.27. The firm has a market capitalization of C$2.26 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 0.77 and a beta of 0.94. The company has a quick ratio of 0.72, a current ratio of 3.27 and a debt-to-equity ratio of 29.93. The company has a fifty day moving average of C$39.46 and a two-hundred day moving average of C$39.93.

Richelieu Hardware Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, July 25th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, July 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.48%. Richelieu Hardware’s dividend payout ratio is presently 34.88%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on RCH. CIBC decreased their price objective on shares of Richelieu Hardware from C$45.00 to C$44.00 and set a “neutral” rating for the company in a research note on Monday, July 15th. National Bankshares set a C$45.50 price target on Richelieu Hardware and gave the stock a “sector perform” rating in a report on Tuesday, June 18th.

Insider Transactions at Richelieu Hardware

In other news, Senior Officer Guy Grenier sold 3,000 shares of Richelieu Hardware stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of C$38.98, for a total transaction of C$116,943.00. In other news, Senior Officer Guy Grenier sold 3,000 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of C$38.98, for a total transaction of C$116,943.00. Also, Senior Officer Antoine Auclair sold 4,000 shares of Richelieu Hardware stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of C$40.25, for a total value of C$161,009.20. Over the last ninety days, insiders have sold 9,100 shares of company stock worth $361,346. Insiders own 7.62% of the company’s stock.

About Richelieu Hardware

Richelieu Hardware Ltd. manufactures, imports, and distributes specialty hardware and complementary products in Canada and the United States. 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; floor protection products; and power tool accessories.