Restoration Hardware (NYSE:RH) issued an update on its fourth quarter 2019
After-Hours earnings guidance on Wednesday morning. The company provided EPS guidance of 3.50-3.62 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.58. The company issued revenue guidance of $703-711.5 million, compared to the consensus revenue estimate of $709.44 million.Restoration Hardware also updated its FY 2019
After-Hours guidance to 11.58-11.70 EPS.
RH traded up $5.72 on Wednesday, reaching $205.62. The company had a trading volume of 2,056,509 shares, compared to its average volume of 1,023,506. Restoration Hardware has a 1 year low of $84.11 and a 1 year high of $208.33. The stock has a market capitalization of $3.84 billion, a PE ratio of 24.08, a P/E/G ratio of 1.50 and a beta of 1.81. The stock has a 50-day moving average price of $186.55 and a 200-day moving average price of $145.43.
Restoration Hardware (NYSE:RH) last announced its quarterly earnings results on Tuesday, September 10th. The company reported $3.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.50. Restoration Hardware had a net margin of 6.05% and a negative return on equity of 230.09%. The firm had revenue of $706.51 million during the quarter, compared to analysts’ expectations of $698.00 million. On average, equities analysts expect that Restoration Hardware will post 10.95 earnings per share for the current year.
In other Restoration Hardware news, Director Keith Belling sold 4,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $182.47, for a total transaction of $729,880.00. Following the transaction, the director now directly owns 16,646 shares in the company, valued at $3,037,395.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark S. Demilio sold 2,000 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $150.00, for a total transaction of $300,000.00. Following the transaction, the director now owns 1,002 shares in the company, valued at $150,300. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,790 shares of company stock worth $10,312,127. Company insiders own 36.40% of the company’s stock.
About Restoration Hardware
RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, tableware, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, restorationhardware.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.
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