Sidoti Forecasts Lower Earnings for Richardson Electronics

Richardson Electronics, Ltd. (NASDAQ:RELL) – Equities research analysts at Sidoti reduced their Q2 2027 earnings per share (EPS) estimates for Richardson Electronics in a report issued on Friday, July 24th. Sidoti analyst A. Soderstrom now forecasts that the technology company will post earnings of $0.09 per share for the quarter, down from their prior 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.

RELL has been the topic of a number of other reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Richardson Electronics in a research note on Monday, July 20th. Northland Securities set a $14.00 price objective on Richardson Electronics in a research note on Friday, April 10th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Richardson Electronics currently has an average rating of “Hold” and an average target price of $14.00.

Richardson Electronics Stock Up 2.9%

RELL stock opened at $18.48 on Monday. The stock has a market capitalization of $269.07 million, a P/E ratio of 42.00, a P/E/G ratio of 1.84 and a beta of 1.26. The firm has a 50-day simple moving average of $17.45 and a 200-day simple moving average of $14.25. Richardson Electronics has a 52 week low of $9.37 and a 52 week high of $23.15.

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

Richardson Electronics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Friday, August 7th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 7th. Richardson Electronics’s dividend payout ratio (DPR) is currently 54.55%.

Insider Activity

In related news, Director Kenneth Halverson sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $14.69, for a total value of $146,900.00. Following the completion of the sale, the director owned 14,345 shares of the company’s stock, valued at approximately $210,728.05. This trade represents a 41.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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.

Institutional Trading of Richardson Electronics

Several large investors have recently added to or reduced their stakes in the stock. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Richardson Electronics during the 1st quarter valued at approximately $1,095,000. First Wilshire Securities Management Inc. lifted its holdings in Richardson Electronics by 13.9% in the first quarter. First Wilshire Securities Management Inc. now owns 671,998 shares of the technology company’s stock valued at $7,358,000 after acquiring an additional 82,054 shares during the last quarter. Nano Cap New Millennium Growth Fund L P purchased a new position in Richardson Electronics in the fourth quarter worth approximately $462,000. Ritholtz Wealth Management grew its position in Richardson Electronics by 30.9% in the fourth quarter. Ritholtz Wealth Management now owns 19,278 shares of the technology company’s stock worth $210,000 after acquiring an additional 4,554 shares during the period. Finally, Aristides Capital LLC grew its position in Richardson Electronics by 4.7% in the fourth quarter. Aristides Capital LLC now owns 20,940 shares of the technology company’s stock worth $228,000 after acquiring an additional 940 shares during the period. 71.95% of the stock is currently owned by hedge funds and other institutional investors.

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.