Richelieu Hardware (RCH) Scheduled to Post Quarterly Earnings on Thursday

by · The Cerbat Gem

Richelieu Hardware (TSE:RCH – Get Free Report) is scheduled to release its earnings data before the market opens on Thursday, October 10th. Analysts expect the company to announce earnings of C$0.50 per share for the quarter.

Richelieu Hardware (TSE:RCH – Get Free Report) last posted its earnings results on Thursday, July 11th. The company reported C$0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.42. The company had revenue of C$481.43 million during the quarter, compared to the consensus estimate of C$481.90 million. Richelieu Hardware had a net margin of 5.39% and a return on equity of 11.28%.

Richelieu Hardware Price Performance

Shares of RCH opened at C$39.65 on Wednesday. The business’s 50-day moving average is C$39.47 and its two-hundred day moving average is C$39.83. The company has a market capitalization of C$2.21 billion, a P/E ratio of 23.05, a P/E/G ratio of 0.77 and a beta of 0.94. Richelieu Hardware has a fifty-two week low of C$37.39 and a fifty-two week high of C$48.27. The company has a debt-to-equity ratio of 29.93, a quick ratio of 0.72 and a current ratio of 3.27.

Richelieu Hardware Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Investors of record on Thursday, July 25th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Thursday, July 25th. Richelieu Hardware’s dividend payout ratio (DPR) is 34.88%.

Wall Street Analysts Forecast Growth

RCH has been the topic of several recent research reports. CIBC lowered their price objective on Richelieu Hardware from C$45.00 to C$44.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. National Bankshares set a C$45.50 price target on shares of Richelieu Hardware and gave the stock a “sector perform” rating in a report on Tuesday, June 18th.

Check Out Our Latest Stock Analysis on Richelieu Hardware

Insiders Place Their Bets

In related news, Director Marc Poulin acquired 3,000 shares of Richelieu Hardware stock in a transaction on Tuesday, July 16th. The stock was bought at an average cost of C$39.84 per share, for a total transaction of C$119,526.90. In other Richelieu Hardware news, Senior Officer Antoine Auclair sold 4,000 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of C$40.25, for a total transaction of C$161,009.20. Also, Director Marc Poulin purchased 3,000 shares of the stock in a transaction dated Tuesday, July 16th. The stock was purchased at an average cost of C$39.84 per share, for a total transaction of C$119,526.90. Over the last 90 days, insiders have sold 9,100 shares of company stock worth $361,346. 7.62% of the stock is owned by corporate insiders.

Richelieu Hardware Company Profile

(Get Free Report)

Richelieu Hardware Ltd. manufactures, imports, and distributes specialty hardware and complementary products in Canada and the United States. The company's principal product categories include furniture, glass and building decorative, and functional hardware; lighting systems; finishing and decorating products; ergonomic workstation components; kitchen and closet storage solutions; sliding door systems; decorative and functional panels; high-pressure laminates; railing and balusters; floor protection products; and power tool accessories.

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