What is Northland Capmk’s Estimate for RELL FY2025 Earnings?

Richardson Electronics, Ltd. (NASDAQ:RELL) – Investment analysts at Northland Capmk cut their FY2025 earnings per share (EPS) estimates for Richardson Electronics in a research note issued on Friday, February 7th. Northland Capmk analyst B. Brooks now forecasts that the technology company will post earnings per share of $0.26 for the year, down from their prior forecast of $0.27. Northland Capmk has a “Hold” rating on the stock. The consensus estimate for Richardson Electronics’ current full-year earnings is $0.28 per share.

Separately, Northland Securities reiterated a “market perform” rating on shares of Richardson Electronics in a report on Monday, January 13th.

Richardson Electronics Price Performance

Shares of NASDAQ RELL opened at $13.03 on Monday. Richardson Electronics has a 1 year low of $8.08 and a 1 year high of $15.51. The firm has a 50-day simple moving average of $13.73 and a two-hundred day simple moving average of $13.04. The company has a market cap of $187.76 million, a P/E ratio of 434.48, a PEG ratio of 1.91 and a beta of 0.93.

Richardson Electronics (NASDAQ:RELL) last released its earnings results on Tuesday, January 7th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). Richardson Electronics had a return on equity of 0.42% and a net margin of 0.13%.

Institutional Trading of Richardson Electronics

Institutional investors and hedge funds have recently made changes to their positions in the company. Royce & Associates LP grew its position in shares of Richardson Electronics by 10.6% in the 4th quarter. Royce & Associates LP now owns 1,248,276 shares of the technology company’s stock worth $17,513,000 after buying an additional 119,685 shares during the last quarter. Azarias Capital Management L.P. boosted its stake in Richardson Electronics by 3.9% in the fourth quarter. Azarias Capital Management L.P. now owns 446,496 shares of the technology company’s stock valued at $6,264,000 after acquiring an additional 16,843 shares in the last quarter. Geode Capital Management LLC grew its holdings in Richardson Electronics by 5.3% in the third quarter. Geode Capital Management LLC now owns 290,605 shares of the technology company’s stock worth $3,586,000 after purchasing an additional 14,727 shares during the last quarter. State Street Corp increased its position in shares of Richardson Electronics by 0.4% during the third quarter. State Street Corp now owns 225,563 shares of the technology company’s stock worth $2,783,000 after purchasing an additional 914 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Richardson Electronics by 300.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 152,082 shares of the technology company’s stock valued at $1,877,000 after purchasing an additional 114,065 shares during the last quarter. 71.95% of the stock is currently owned by institutional investors.

Insider Activity at Richardson Electronics

In other news, CFO Robert J. Ben sold 2,500 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $13.28, for a total transaction of $33,200.00. Following the transaction, the chief financial officer now owns 54,534 shares of the company’s stock, valued at approximately $724,211.52. This represents a 4.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 32.84% of the stock is currently owned by company insiders.

Richardson Electronics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, February 7th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.84%. The ex-dividend date is Friday, February 7th. Richardson Electronics’s dividend payout ratio is presently 800.27%.

Richardson Electronics Company Profile

Richardson Electronics, Ltd. engages in the provision of engineered solutions, power grid and microwave tube, and related consumables worldwide. The Power and Microwave Technologies segment manufactures electron tubes and radio frequency (RF), microwave and power components used in semiconductor 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.