Northland Securities Forecasts RELL FY2027 Earnings

Richardson Electronics, Ltd. (NASDAQ:RELL) – Investment analysts at Northland Securities raised their FY2027 earnings estimates for Richardson Electronics in a research report issued on Tuesday, October 13th. Northland Securities analyst B. Brooks now expects that the technology company will earn $0.88 per share for the year, up from their prior forecast of $0.62. The consensus estimate for Richardson Electronics’ current full-year earnings is $0.65 per share. Northland Securities also issued estimates for Richardson Electronics’ Q1 2028 earnings at $0.27 EPS.

Several other research analysts have also recently weighed in on RELL. Zacks Research cut Richardson Electronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Weiss Ratings raised Richardson Electronics from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Finally, Wall Street Zen raised Richardson Electronics from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $26.00.

Richardson Electronics Trading Down 5.1%

Shares of RELL opened at $20.20 on Thursday. The business’s fifty day simple moving average is $18.24 and its two-hundred day simple moving average is $16.89. Richardson Electronics has a 12 month low of $9.37 and a 12 month high of $23.15. The company has a market cap of $296.74 million, a price-to-earnings ratio of 39.41, a P/E/G ratio of 1.31 and a beta of 1.32.

Richardson Electronics (NASDAQ:RELL) last announced its quarterly earnings data on Wednesday, October 7th. The technology company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.18. The company had revenue of $64.92 million during the quarter, compared to analyst estimates of $58.98 million. Richardson Electronics had a net margin of 3.57% and a return on equity of 4.82%.

Institutional Investors Weigh In On Richardson Electronics

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hsbc Holdings PLC purchased a new stake in shares of Richardson Electronics in the 2nd quarter worth $208,000. Empowered Funds LLC bought a new position in Richardson Electronics in the 2nd quarter worth $419,000. Algert Global LLC lifted its position in Richardson Electronics by 88.4% during the second quarter. Algert Global LLC now owns 22,235 shares of the technology company’s stock valued at $423,000 after purchasing an additional 10,433 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Richardson Electronics during the second quarter valued at $293,000. Finally, BlackRock Inc. purchased a new position in Richardson Electronics during the second quarter valued at $18,874,000. Hedge funds and other institutional investors own 71.95% of the company’s stock.

Insider Activity at Richardson Electronics

In other Richardson Electronics news, Director Jacques Belin sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $21.46, for a total value of $107,300.00. Following the transaction, the director directly owned 22,365 shares of the company’s stock, valued at approximately $479,952.90. This trade represents a 18.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Wendy Diddell sold 23,901 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $20.00, for a total value of $478,020.00. Following the completion of the transaction, the chief operating officer directly owned 114,150 shares in the company, valued at $2,283,000. The trade was a 17.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 133,585 shares of company stock valued at $2,565,216 in the last 90 days. 31.65% of the stock is owned by company insiders.

Richardson Electronics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Friday, November 6th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, November 6th. Richardson Electronics’s dividend payout ratio is 41.38%.

Key Richardson Electronics News

Here are the key news stories impacting Richardson Electronics this week:

• Positive Sentiment: Northland Securities raised multiple earnings forecasts. Analyst B. Brooks increased estimates for Q2 2027 EPS to $0.16 from $0.11, Q3 2027 EPS to $0.16 from $0.15, Q4 2027 EPS to $0.29 from $0.27, and Q2 2028 EPS to $0.23 from $0.19.
• Positive Sentiment: Longer-term profit expectations improved substantially. Northland raised its FY2028 EPS forecast to $1.02 from $0.87, well above the company’s current-year consensus estimate of $0.65. The revisions suggest analysts expect stronger earnings growth in future periods.
• Positive Sentiment: Northland maintained a bullish stance and raised its price target. The firm kept a Buy rating and increased its target to $26 from $24, citing Richardson Electronics’ strong backlog, margin gains and battery energy-storage-system (BESS) pipeline. Analyst Maintains Buy on Richardson Electronics as Strong Backlog, Margin Gains and BESS Pipeline Drive Outlook
• Positive Sentiment: Sidoti also raised its estimates. The firm increased FY2027 EPS expectations to $0.68 from $0.39 and FY2028 EPS to $0.86 from $0.61, reinforcing the view that Richardson Electronics’ growth outlook is improving.
• Positive Sentiment: Momentum has attracted investor attention. A Zacks report noted that RELL had gained 9.48% over one week, highlighting its appeal to momentum investors. Richardson Electronics Is Up 9.48% in One Week

About Richardson Electronics

Richardson Electronics, Ltd. (NASDAQ: RELL) is a global provider of engineered solutions, replacement parts and specialized components for industrial, healthcare and energy markets. Founded in 1947 and headquartered in LaFox, Illinois, the company serves original equipment manufacturers, distributors and end users through a network that spans North America, Europe and Asia.

The company operates through three primary business areas. Its Power and Microwave Technologies segment supplies power semiconductors, electronic components, vacuum tubes, radio-frequency and microwave products, and related engineering services for applications including telecommunications, industrial equipment, broadcasting and defense.