Sidoti Csr Weighs in on Richardson Electronics, Ltd.’s FY2024 Earnings (NASDAQ:RELL)

Richardson Electronics, Ltd. (NASDAQ:RELL) – Sidoti Csr lowered their FY2024 earnings estimates for Richardson Electronics in a note issued to investors on Monday, April 15th. Sidoti Csr analyst A. Soderstrom now forecasts that the technology company will earn $0.09 per share for the year, down from their prior estimate of $0.18. The consensus estimate for Richardson Electronics’ current full-year earnings is $0.09 per share. Sidoti Csr also issued estimates for Richardson Electronics’ Q1 2025 earnings at $0.09 EPS, Q2 2025 earnings at $0.11 EPS, Q3 2025 earnings at $0.12 EPS, Q4 2025 earnings at $0.18 EPS, Q1 2026 earnings at $0.21 EPS, Q2 2026 earnings at $0.23 EPS, Q3 2026 earnings at $0.23 EPS and FY2026 earnings at $0.92 EPS.

Richardson Electronics (NASDAQ:RELL) last posted its quarterly earnings results on Thursday, April 11th. The technology company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02. Richardson Electronics had a net margin of 1.97% and a return on equity of 1.09%. The firm had revenue of $52.38 million for the quarter, compared to analysts’ expectations of $56.00 million. During the same period in the prior year, the business posted $0.44 earnings per share.

Separately, StockNews.com lowered shares of Richardson Electronics from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th.

Richardson Electronics Price Performance

NASDAQ:RELL opened at $9.86 on Tuesday. Richardson Electronics has a 1-year low of $8.08 and a 1-year high of $19.58. The company has a 50-day moving average of $9.02 and a 200 day moving average of $10.71. The firm 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.

Hedge Funds Weigh In On Richardson Electronics

Hedge funds and other institutional investors have recently modified their holdings of the stock. UBS Group AG raised its position in shares of 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 purchasing an additional 854 shares during the last quarter. Quantbot Technologies LP acquired a new position in Richardson Electronics in the 3rd quarter worth approximately $29,000. Tower Research Capital LLC TRC increased its holdings in Richardson Electronics by 106.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,240 shares of the technology company’s stock worth $30,000 after buying an additional 1,157 shares during the period. JPMorgan Chase & Co. increased its holdings in Richardson Electronics by 48.9% in the 1st quarter. JPMorgan Chase & Co. now owns 2,553 shares of the technology company’s stock worth $32,000 after buying an additional 839 shares during the period. Finally, BNP Paribas Arbitrage SNC acquired a new position in Richardson Electronics in the 3rd quarter worth approximately $44,000. 71.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Richardson Electronics

In other news, Director Kenneth Halverson purchased 2,500 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was acquired at an average cost of $10.06 per share, with a total value of $25,150.00. Following the completion of the transaction, the director now owns 2,500 shares in the company, valued at approximately $25,150. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 32.50% of the company’s stock.

Richardson Electronics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Friday, May 10th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Thursday, May 9th. Richardson Electronics’s payout ratio is 85.71%.

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.