Q2 EPS Estimate for Richardson Electronics Lifted by Analyst

Richardson Electronics, Ltd. (NASDAQ:RELL) – Research analysts at Sidoti boosted their Q2 2027 earnings per share estimates for Richardson Electronics in a research report issued on Friday, October 9th. Sidoti analyst A. Soderstrom now anticipates that the technology company will earn $0.14 per share for the quarter, up from their prior estimate of $0.09. The consensus estimate for Richardson Electronics’ current full-year earnings is $0.50 per share. Sidoti also issued estimates for Richardson Electronics’ Q3 2027 earnings at $0.13 EPS, Q4 2027 earnings at $0.14 EPS, Q1 2028 earnings at $0.20 EPS, Q2 2028 earnings at $0.21 EPS, Q3 2028 earnings at $0.22 EPS and Q4 2028 earnings at $0.23 EPS.

A number of other analysts have also weighed in on the stock. Wall Street Zen upgraded shares of Richardson Electronics from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded shares of Richardson Electronics from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday. Northland Securities raised shares of Richardson Electronics from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $14.00 to $24.00 in a research report on Tuesday, July 28th. Finally, Zacks Research downgraded shares of Richardson Electronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Richardson Electronics Price Performance

RELL opened at $20.74 on Monday. The business has a fifty day moving average price of $18.25 and a 200 day moving average price of $16.76. Richardson Electronics has a 12 month low of $9.37 and a 12 month high of $23.15. The stock has a market capitalization of $304.67 million, a price-to-earnings ratio of 35.76, a PEG ratio of 1.65 and a beta of 1.32.

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

Institutional Trading of Richardson Electronics

Several institutional investors and hedge funds have recently bought and sold shares of RELL. BlackRock Inc. acquired a new stake in shares of Richardson Electronics in the 2nd quarter worth $18,874,000. AIGH Capital Management LLC purchased a new stake in shares of Richardson Electronics in the second quarter valued at about $3,810,000. Bank of New York Mellon Corp acquired a new position in shares of Richardson Electronics during the second quarter worth about $1,995,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Richardson Electronics during the first quarter worth about $1,095,000. Finally, First Wilshire Securities Management Inc. increased its stake in shares of Richardson Electronics by 13.9% during the first 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. Hedge funds and other institutional investors own 71.95% of the company’s stock.

Insider Activity at Richardson Electronics

In other news, COO Wendy Diddell sold 23,901 shares of Richardson Electronics stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $20.00, for a total transaction of $478,020.00. Following the sale, the chief operating officer owned 114,150 shares in the company, valued at approximately $2,283,000. The trade was a 17.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jens Ruppert sold 37,500 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $19.01, for a total value of $712,875.00. Following the completion of the sale, the executive vice president directly owned 2,000 shares of the company’s stock, valued at approximately $38,020. This trade represents a 94.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 133,585 shares of company stock valued at $2,565,216. Corporate insiders own 31.65% of the company’s stock.

Richardson Electronics Announces Dividend

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

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.