Richelieu Hardware (TSE:RCH) Posts Earnings Results

Richelieu Hardware (TSE:RCH) announced its quarterly earnings results on Thursday. The company reported C$0.53 EPS for the quarter, FiscalAI reports. The firm had revenue of C$562.00 million for the quarter. Richelieu Hardware had a return on equity of 9.04% and a net margin of 4.34%.

Richelieu Hardware Stock Performance

Shares of RCH stock opened at C$37.70 on Thursday. The business’s fifty day simple moving average is C$35.69 and its 200-day simple moving average is C$37.88. The company has a market cap of C$2.07 billion, a PE ratio of 24.01, a PEG ratio of 0.77 and a beta of 0.84. The company has a current ratio of 3.04, a quick ratio of 0.71 and a debt-to-equity ratio of 31.32. Richelieu Hardware has a 12-month low of C$32.54 and a 12-month high of C$45.03.

Richelieu Hardware Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, August 7th were issued a $0.1566 dividend. This represents a $0.63 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, July 23rd. Richelieu Hardware’s payout ratio is currently 39.48%.

Wall Street Analyst Weigh In

RCH has been the topic of a number of analyst reports. Canadian Imperial Bank of Commerce cut their price target on Richelieu Hardware from C$42.00 to C$39.00 in a report on Monday, July 13th. National Bank Financial raised their price objective on Richelieu Hardware from C$38.00 to C$38.50 and gave the company a “sector perform” rating in a research report on Wednesday, September 16th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Richelieu Hardware has a consensus rating of “Hold” and a consensus target price of C$38.75.

Richelieu Hardware Company Profile

Richelieu Hardware Ltd is a Canada-based company that imports, manufactures, and distributes specialty hardware and complementary products. Headquartered in Montreal, the company operates across Canada and the eastern and midwestern regions of the United States. The majority of the company’s sales are derived from its operations in Canada. Richelieu’s products include furniture, glass, decorative, window, and door hardware, lighting systems, and kitchen and closet storage. The firm primarily serves home furnishing manufacturers, residential and commercial woodworkers, hardware retailers, and renovation superstores.