Richelieu Hardware (RCH) to Release Quarterly Earnings on Thursday

Richelieu Hardware (TSE:RCH) is set to issue its quarterly earnings data before the market opens on Thursday, April 11th. Analysts expect the company to announce earnings of C$0.34 per share for the quarter.

Richelieu Hardware (TSE:RCH) last released its quarterly earnings data on Thursday, January 18th. The company reported C$0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.54 by C($0.03). Richelieu Hardware had a return on equity of 13.18% and a net margin of 6.24%. The business had revenue of C$453.70 million during the quarter, compared to analyst estimates of C$443.00 million.

Richelieu Hardware Price Performance

Richelieu Hardware stock opened at C$41.94 on Wednesday. Richelieu Hardware has a 52-week low of C$36.56 and a 52-week high of C$48.27. The firm has a fifty day moving average of C$43.31 and a 200-day moving average of C$43.26. The firm has a market capitalization of C$2.35 billion, a P/E ratio of 21.18, a PEG ratio of 0.77 and a beta of 0.94. The company has a quick ratio of 0.72, a current ratio of 3.62 and a debt-to-equity ratio of 23.05.

Richelieu Hardware Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Wednesday, January 31st. Richelieu Hardware’s payout ratio is currently 30.30%.

Insider Activity

In other news, Senior Officer Guy Grenier sold 3,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of C$43.73, for a total value of C$131,198.70. In other Richelieu Hardware news, Senior Officer Guy Grenier sold 3,000 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of C$43.73, for a total transaction of C$131,198.70. Also, Senior Officer Yannick Godeau sold 1,000 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$43.90, for a total transaction of C$43,899.40. Insiders own 7.56% of the company’s stock.

Analyst Upgrades and Downgrades

RCH has been the subject of several recent research reports. National Bank Financial lowered shares of Richelieu Hardware from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Thursday, January 18th. CIBC decreased their target price on shares of Richelieu Hardware from C$49.00 to C$46.00 and set a “neutral” rating for the company in a research note on Monday, January 22nd. Finally, National Bankshares downgraded shares of Richelieu Hardware from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from C$47.60 to C$45.50 in a research note on Friday, January 19th.

About Richelieu Hardware

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.