Richardson Electronics (NASDAQ:RELL) Posts Earnings Results, Misses Estimates By $0.07 EPS

Richardson Electronics (NASDAQ:RELL) announced its quarterly earnings results on Thursday. The technology company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.07), Fidelity Earnings reports. The business had revenue of $39.63 million during the quarter. Richardson Electronics had a negative return on equity of 1.26% and a negative net margin of 4.91%.

Shares of NASDAQ RELL opened at $5.67 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.86 and a current ratio of 5.04. Richardson Electronics has a 12 month low of $5.00 and a 12 month high of $7.97. The firm has a fifty day simple moving average of $5.71 and a two-hundred day simple moving average of $5.69.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Thursday, February 6th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date is Wednesday, February 5th.

Richardson Electronics Company Profile

Richardson Electronics, Ltd. engages in power and microwave technologies, customized display solutions, and healthcare equipment businesses in North America, the Asia Pacific, Europe, and Latin America. The company's Power and Microwave Technologies Group segment provides engineered solutions, power grid and microwave tubes, and related consumables; high value flat panel detector solutions, replacement parts, tubes and service training for diagnostic imaging equipment; and customized display solutions, as well as power conversion and RF and microwave components for broadcast transmission, CO2 laser cutting, diagnostic imaging, dielectric and induction heating, high energy transfer, high voltage switching, plasma, power conversion, radar, and radiation oncology applications.

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Earnings History for Richardson Electronics (NASDAQ:RELL)

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