Richardson Electronics (RELL) to Release Quarterly Earnings on Wednesday

Richardson Electronics (NASDAQ:RELL) will likely be releasing its earnings data before the market opens on Wednesday, April 9th. Analysts expect Richardson Electronics to post earnings of $0.11 per share and revenue of $56.90 million for the quarter.

Richardson Electronics (NASDAQ:RELL) last issued its quarterly earnings results on Tuesday, January 7th. The technology company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Richardson Electronics had a return on equity of 0.42% and a net margin of 0.13%. 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 NASDAQ:RELL opened at $10.89 on Wednesday. Richardson Electronics has a 1 year low of $9.00 and a 1 year high of $15.51. The stock has a market capitalization of $156.91 million, a price-to-earnings ratio of 363.12, a price-to-earnings-growth ratio of 1.98 and a beta of 0.88. The company’s 50 day simple moving average is $12.79 and its 200 day simple moving average is $13.31.

Richardson Electronics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Friday, February 7th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.24 annualized dividend and a dividend yield of 2.20%. Richardson Electronics’s payout ratio is 800.00%.

Analyst Ratings Changes

Several brokerages recently weighed in on RELL. Northland Securities restated a “market perform” rating on shares of Richardson Electronics in a research report on Monday, January 13th. Northland Capmk cut shares of Richardson Electronics from a “strong-buy” rating to a “hold” rating in a report on Monday, January 13th.

Insiders Place Their Bets

In other Richardson Electronics news, CFO Robert J. Ben sold 2,500 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $13.28, for a total value of $33,200.00. Following the completion of the transaction, the chief financial officer now directly owns 54,534 shares in the company, valued at approximately $724,211.52. This trade represents a 4.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 32.84% of the company’s stock.

About Richardson Electronics

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.