Northland Capmk Has Bearish Outlook for RELL FY2025 Earnings

Richardson Electronics, Ltd. (NASDAQ:RELL) – Northland Capmk dropped their FY2025 earnings per share (EPS) estimates for shares of Richardson Electronics in a note issued to investors on Friday, February 7th. Northland Capmk analyst B. Brooks now expects that the technology company will post earnings per share of $0.26 for the year, down from their prior forecast of $0.27. Northland Capmk currently has a “Hold” rating on the stock. The consensus estimate for Richardson Electronics’ current full-year earnings is $0.28 per share.

Richardson Electronics (NASDAQ:RELL) last announced its quarterly earnings data on Tuesday, January 7th. The technology company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Richardson Electronics had a net margin of 0.13% and a return on equity of 0.42%.

Separately, Northland Securities restated a “market perform” rating on shares of Richardson Electronics in a report on Monday, January 13th.

Richardson Electronics Price Performance

NASDAQ:RELL opened at $13.03 on Monday. Richardson Electronics has a 1-year low of $8.08 and a 1-year high of $15.51. The firm has a market capitalization of $187.76 million, a price-to-earnings ratio of 434.48, a PEG ratio of 1.91 and a beta of 0.93. The company’s 50-day moving average is $13.73 and its two-hundred day moving average is $13.04.

Richardson Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Friday, February 7th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Friday, February 7th. Richardson Electronics’s payout ratio is 800.27%.

Insider Transactions at Richardson Electronics

In other news, CFO Robert J. Ben sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $13.28, for a total value of $33,200.00. Following the completion of the transaction, the chief financial officer now owns 54,534 shares of the company’s stock, valued at approximately $724,211.52. This trade represents a 4.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 32.84% of the company’s stock.

Institutional Investors Weigh In On Richardson Electronics

Several large investors have recently added to or reduced their stakes in RELL. State Street Corp boosted its position in Richardson Electronics by 0.4% in the 3rd quarter. State Street Corp now owns 225,563 shares of the technology company’s stock valued at $2,783,000 after buying an additional 914 shares during the period. Jane Street Group LLC boosted its holdings in Richardson Electronics by 8.2% in the third quarter. Jane Street Group LLC now owns 15,545 shares of the technology company’s stock valued at $192,000 after purchasing an additional 1,182 shares during the period. Squarepoint Ops LLC grew its stake in Richardson Electronics by 11.8% during the 2nd quarter. Squarepoint Ops LLC now owns 21,722 shares of the technology company’s stock worth $258,000 after purchasing an additional 2,284 shares in the last quarter. Kovack Advisors Inc. increased its holdings in Richardson Electronics by 24.1% during the 4th quarter. Kovack Advisors Inc. now owns 44,300 shares of the technology company’s stock worth $622,000 after purchasing an additional 8,600 shares during the period. Finally, Insight Wealth Strategies LLC acquired a new stake in Richardson Electronics in the 4th quarter valued at about $140,000. 71.95% of the stock is owned by hedge funds and other institutional investors.

About Richardson Electronics

Richardson Electronics, Ltd. engages in the provision of engineered solutions, power grid and microwave tube, and related consumables worldwide. The Power and Microwave Technologies segment manufactures electron tubes and radio frequency (RF), microwave and power components used in semiconductor 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.