Richardson Electronics, Ltd. (NASDAQ:RELL) to Post FY2024 Earnings of $0.00 Per Share, Northland Capmk Forecasts

Richardson Electronics, Ltd. (NASDAQ:RELL) – Northland Capmk issued their FY2024 earnings estimates for Richardson Electronics in a research report issued on Monday, April 29th. Northland Capmk analyst B. Brooks forecasts that the technology company will post earnings of $0.00 per share for the year. The consensus estimate for Richardson Electronics’ current full-year earnings is $0.05 per share. Northland Capmk also issued estimates for Richardson Electronics’ Q4 2024 earnings at ($0.01) EPS, Q1 2025 earnings at $0.03 EPS, Q2 2025 earnings at $0.05 EPS, Q3 2025 earnings at $0.16 EPS, Q4 2025 earnings at $0.15 EPS and FY2025 earnings at $0.40 EPS.

A number of other research firms have also commented on RELL. StockNews.com lowered shares of Richardson Electronics from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Northland Securities began coverage on shares of Richardson Electronics in a research report on Monday, April 29th. They issued an “outperform” rating and a $13.00 price target on the stock.

Richardson Electronics Stock Up 0.9 %

NASDAQ RELL opened at $10.76 on Thursday. The stock has a market capitalization of $153.65 million, a PE ratio of 38.43, a price-to-earnings-growth ratio of 15.84 and a beta of 0.99. The company has a 50 day moving average price of $9.31 and a two-hundred day moving average price of $10.67. Richardson Electronics has a 12-month low of $8.08 and a 12-month high of $19.58.

Richardson Electronics (NASDAQ:RELL) last posted its 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. The firm had revenue of $52.38 million during the quarter, compared to analysts’ expectations of $56.00 million. Richardson Electronics had a net margin of 1.97% and a return on equity of 1.09%. During the same period in the previous year, the company earned $0.44 earnings per share.

Hedge Funds Weigh In On Richardson Electronics

A number of institutional investors and hedge funds have recently bought and sold shares of RELL. Quantbot Technologies LP bought a new stake in Richardson Electronics in the 3rd quarter valued at $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 valued at $30,000 after buying an additional 1,157 shares during the period. BNP Paribas Financial Markets increased its holdings in Richardson Electronics by 98.1% in the 1st quarter. BNP Paribas Financial Markets now owns 6,730 shares of the technology company’s stock valued at $62,000 after buying an additional 3,333 shares during the period. Mendel Money Management increased its holdings in Richardson Electronics by 200.0% in the 1st quarter. Mendel Money Management now owns 18,100 shares of the technology company’s stock valued at $167,000 after buying an additional 36,200 shares during the period. Finally, Aigen Investment Management LP bought a new stake in Richardson Electronics in the 3rd quarter valued at $169,000. Institutional investors own 71.95% of the company’s stock.

Insider Activity

In related news, Director Kenneth Halverson bought 2,500 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The shares were acquired at an average price of $10.05 per share, with a total value of $25,125.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $50,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Paul J. Plante bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The shares were acquired at an average price of $9.96 per share, with a total value of $49,800.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $49,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kenneth Halverson bought 2,500 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The shares were bought at an average cost of $10.05 per share, for a total transaction of $25,125.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $50,250. The disclosure for this purchase can be found here. 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. Stockholders of record on Friday, May 10th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Thursday, May 9th. Richardson Electronics’s dividend 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.