Q4 2024 Earnings Forecast for Richardson Electronics, Ltd. (NASDAQ:RELL) Issued By Sidoti Csr

Richardson Electronics, Ltd. (NASDAQ:RELL) – Research analysts at Sidoti Csr cut their Q4 2024 earnings estimates for shares of Richardson Electronics in a note issued to investors on Monday, April 15th. Sidoti Csr analyst A. Soderstrom now expects that the technology company will earn $0.07 per share for the quarter, down from their prior estimate of $0.20. The consensus estimate for Richardson Electronics’ current full-year earnings is $0.09 per share. Sidoti Csr also issued estimates for Richardson Electronics’ FY2025 earnings at $0.50 EPS.

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

Separately, StockNews.com downgraded Richardson Electronics from a “hold” rating to a “sell” rating in a report on Thursday, January 11th.

Richardson Electronics Price Performance

NASDAQ:RELL opened at $10.13 on Wednesday. The company has a market capitalization of $144.66 million, a price-to-earnings ratio of 36.18, a PEG ratio of 7.33 and a beta of 1.01. The business has a 50 day moving average of $9.04 and a 200 day moving average of $10.71. Richardson Electronics has a 1-year low of $8.08 and a 1-year high of $19.58.

Richardson Electronics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Friday, May 10th will be issued a $0.06 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.24 annualized dividend and a yield of 2.37%. Richardson Electronics’s dividend payout ratio (DPR) is presently 85.71%.

Insider Transactions at Richardson Electronics

In other news, Director Paul J. Plante bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was purchased at an average price of $9.96 per share, with a total value of $49,800.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at $49,800. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Richardson Electronics news, Director Paul J. Plante purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The stock was bought at an average cost of $9.96 per share, for a total transaction of $49,800.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at $49,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kenneth Halverson purchased 2,500 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were 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 $25,150. The disclosure for this purchase can be found here. Corporate insiders own 32.50% of the company’s stock.

Hedge Funds Weigh In On Richardson Electronics

Several institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its holdings in shares of 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 purchasing an additional 839 shares in the last quarter. Bank of New York Mellon Corp raised its position in Richardson Electronics by 41.3% in the 1st quarter. Bank of New York Mellon Corp now owns 77,963 shares of the technology company’s stock worth $970,000 after buying an additional 22,793 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Richardson Electronics by 7.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 922,705 shares of the technology company’s stock valued at $11,478,000 after acquiring an additional 61,957 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Richardson Electronics by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 473,601 shares of the technology company’s stock valued at $5,892,000 after acquiring an additional 5,853 shares during the last quarter. Finally, Ancora Advisors LLC grew its stake in shares of Richardson Electronics by 490.0% in the first quarter. Ancora Advisors LLC now owns 155,515 shares of the technology company’s stock worth $990,000 after acquiring an additional 129,158 shares during the period. 71.95% of the stock is currently owned by institutional investors.

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.