Sidoti Issues Negative Forecast for RELL Earnings

Richardson Electronics, Ltd. (NASDAQ:RELL) – Analysts at Sidoti decreased their Q2 2027 EPS estimates for shares of Richardson Electronics in a report issued on Friday, July 24th. Sidoti analyst A. Soderstrom now anticipates that the technology company will post earnings of $0.09 per share for the quarter, down from their previous forecast of $0.10. The consensus estimate for Richardson Electronics’ current full-year earnings is $0.39 per share. Sidoti also issued estimates for Richardson Electronics’ Q4 2027 earnings at $0.11 EPS, Q1 2028 earnings at $0.15 EPS and FY2028 earnings at $0.61 EPS.

Richardson Electronics (NASDAQ:RELL) last released its quarterly earnings results on Wednesday, July 22nd. The technology company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.07 by $0.14. Richardson Electronics had a net margin of 2.79% and a return on equity of 3.57%. The company had revenue of $66.20 million for the quarter, compared to analyst estimates of $55.37 million.

Several other equities analysts also recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Richardson Electronics in a report on Monday, July 20th. Northland Securities upgraded shares of Richardson Electronics from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $14.00 to $24.00 in a research report on Tuesday. Finally, Zacks Research raised shares of Richardson Electronics from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $24.00.

Richardson Electronics Trading Up 1.5%

NASDAQ RELL opened at $18.76 on Monday. The stock has a market capitalization of $273.09 million, a price-to-earnings ratio of 42.64, a PEG ratio of 1.90 and a beta of 1.26. Richardson Electronics has a twelve month low of $9.37 and a twelve month high of $23.15. The stock has a 50-day moving average of $17.52 and a 200 day moving average of $14.30.

Institutional Trading of Richardson Electronics

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. First Wilshire Securities Management Inc. raised its holdings in shares of Richardson Electronics by 13.9% during the 1st quarter. First Wilshire Securities Management Inc. now owns 671,998 shares of the technology company’s stock worth $7,358,000 after acquiring an additional 82,054 shares during the period. State Street Corp increased its position in Richardson Electronics by 1.9% during the fourth quarter. State Street Corp now owns 243,427 shares of the technology company’s stock worth $2,648,000 after purchasing an additional 4,629 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Richardson Electronics during the first quarter worth about $1,095,000. Bank of New York Mellon Corp increased its position in Richardson Electronics by 6.3% during the first quarter. Bank of New York Mellon Corp now owns 92,426 shares of the technology company’s stock worth $1,012,000 after purchasing an additional 5,506 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Richardson Electronics by 7.3% during the first quarter. Goldman Sachs Group Inc. now owns 85,081 shares of the technology company’s stock worth $950,000 after purchasing an additional 5,802 shares during the period. 71.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Kenneth Halverson sold 10,000 shares of Richardson Electronics stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $14.69, for a total transaction of $146,900.00. Following the transaction, the director owned 14,345 shares in the company, valued at approximately $210,728.05. This trade represents a 41.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kathleen Mcnally sold 6,636 shares of Richardson Electronics stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $16.85, for a total value of $111,816.60. Following the transaction, the executive vice president owned 45,719 shares in the company, valued at approximately $770,365.15. The trade was a 12.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 33.40% of the company’s stock.

Richardson Electronics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Friday, August 7th will be issued a $0.06 dividend. The ex-dividend date is Friday, August 7th. This represents a $0.24 dividend on an annualized basis and a yield of 1.3%. Richardson Electronics’s dividend payout ratio is presently 54.55%.

About Richardson Electronics

Richardson Electronics, Ltd. (NASDAQ:RELL) is a global manufacturer, distributor and servicer of engineered components and subsystems for a diverse range of industrial, medical and scientific applications. The company specializes in vacuum electron devices, high-voltage power supplies and related electronic components, offering klystrons, traveling wave tubes, magnetrons, X-ray tubes, microwave amplifiers and power conversion products. Its solutions support customers in power grid management, semiconductor processing, medical imaging, scientific instrumentation and telecommunications.

In addition to its manufacturing capabilities, Richardson Electronics maintains a broad distribution network comprising thousands of standard and custom parts.