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

Richardson Electronics, Ltd. (NASDAQ:RELL) – Equities research analysts at Sidoti Csr decreased their FY2024 earnings per share (EPS) 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 $0.09 per share for the year, down from their previous forecast 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 issued its earnings results on Thursday, April 11th. The technology company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. Richardson Electronics had a return on equity of 1.09% and a net margin of 1.97%. The business had revenue of $52.38 million during the quarter, compared to analysts’ expectations of $56.00 million. During the same period in the prior year, the firm posted $0.44 EPS.

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

Richardson Electronics Trading Down 0.4 %

Shares of 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 stock has a 50 day simple moving average of $9.02 and a 200-day simple moving average of $10.71. The stock has a market cap of $140.80 million, a PE ratio of 35.21, a PEG ratio of 7.33 and a beta of 1.01.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RELL. Penn Mutual Asset Management LLC raised its stake in Richardson Electronics by 17.4% during the 3rd quarter. Penn Mutual Asset Management LLC now owns 274,126 shares of the technology company’s stock worth $2,996,000 after buying an additional 40,651 shares during the period. Aigen Investment Management LP acquired a new stake in Richardson Electronics during the 3rd quarter worth $169,000. DDD Partners LLC raised its stake in Richardson Electronics by 46.2% during the 3rd quarter. DDD Partners LLC now owns 690,126 shares of the technology company’s stock worth $7,246,000 after buying an additional 218,244 shares during the period. GSA Capital Partners LLP acquired a new stake in Richardson Electronics during the 3rd quarter worth $1,433,000. Finally, Ballast Asset Management LP acquired a new stake in Richardson Electronics during the 3rd quarter worth $915,000. 71.95% of the stock is currently owned by institutional investors.

Insider Activity at Richardson Electronics

In other Richardson Electronics news, Director Kenneth Halverson purchased 2,500 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was purchased at an average cost of $10.06 per share, with a total value of $25,150.00. Following the acquisition, the director now directly owns 2,500 shares of the company’s stock, valued at approximately $25,150. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 32.50% of the company’s stock.

Richardson Electronics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 29th. Investors of record on Friday, May 10th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.24 dividend on an annualized basis and a yield of 2.43%. 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.