Richardson Electronics (NASDAQ:RELL) Posts Earnings Results, Beats Estimates By $0.05 EPS

Richardson Electronics (NASDAQ:RELL) posted its earnings results on Wednesday. The technology company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05, Yahoo Finance reports. Richardson Electronics had a negative return on equity of 0.24% and a negative net margin of 0.40%. The firm had revenue of $53.73 million during the quarter, compared to the consensus estimate of $49.45 million. During the same period in the prior year, the company earned $0.09 EPS.

Richardson Electronics Trading Down 2.6 %

Shares of Richardson Electronics stock opened at $12.58 on Friday. The firm has a market cap of $180.90 million, a P/E ratio of -251.60, a P/E/G ratio of 1.96 and a beta of 0.96. The stock’s fifty day moving average price is $11.82 and its 200-day moving average price is $11.22. Richardson Electronics has a 12 month low of $8.08 and a 12 month high of $14.30.

Richardson Electronics Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Friday, August 9th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.24 dividend on an annualized basis and a yield of 1.91%. Richardson Electronics’s dividend payout ratio is currently -480.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Richardson Electronics from a “sell” rating to a “hold” rating in a research report on Friday, July 26th.

Richardson Electronics Company Profile

Richardson Electronics, Ltd. provides engineered solutions, power grid and microwave tube, and related consumables worldwide. The Power and Microwave Technologies segment manufactures electron tubes and RF, Microwave and power components for semiconductors; and 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.