Q4 2024 EPS Estimates for RF Industries, Ltd. Reduced by Analyst (NASDAQ:RFIL)

RF Industries, Ltd. (NASDAQ:RFIL) – B. Riley lowered their Q4 2024 EPS estimates for RF Industries in a note issued to investors on Tuesday, September 17th. B. Riley analyst J. Nichols now anticipates that the electronics maker will post earnings per share of $0.04 for the quarter, down from their prior forecast of $0.06. B. Riley currently has a “Buy” rating and a $4.50 target price on the stock. B. Riley also issued estimates for RF Industries’ FY2025 earnings at $0.04 EPS.

Separately, StockNews.com began coverage on RF Industries in a research note on Sunday. They set a “hold” rating for the company.

RF Industries Trading Down 2.5 %

RFIL opened at $3.71 on Thursday. RF Industries has a twelve month low of $2.51 and a twelve month high of $4.65. The firm has a market cap of $38.89 million, a price-to-earnings ratio of -4.75 and a beta of 0.99. The company has a fifty day simple moving average of $3.84 and a 200 day simple moving average of $3.41.

Hedge Funds Weigh In On RF Industries

A hedge fund recently raised its stake in RF Industries stock. Dimensional Fund Advisors LP raised its stake in shares of RF Industries, Ltd. (NASDAQ:RFIL) by 5.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 225,737 shares of the electronics maker’s stock after acquiring an additional 12,296 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.15% of RF Industries worth $788,000 at the end of the most recent quarter. Institutional investors own 23.49% of the company’s stock.

About RF Industries

RF Industries, Ltd., together with its subsidiaries, designs, manufactures, and markets interconnect products and systems in the United States, Canada, Italy, Mexico, and internationally. The company operates through two segments, RF Connector and Cable Assembly, and Custom Cabling Manufacturing and Assembly.