Restoration Hardware (NYSE:RH) Issues Q4 2019 After-Hours Earnings Guidance

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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.

A number of brokerages have recently commented on RH. Wolfe Research began coverage on shares of Restoration Hardware in a report on Tuesday, October 8th. They issued a hold rating and a $197.00 target price for the company. Stifel Nicolaus upped their target price on shares of Restoration Hardware from $196.00 to $202.00 and gave the company a buy rating in a report on Thursday, September 19th. ValuEngine raised shares of Restoration Hardware from a sell rating to a hold rating in a report on Thursday, November 21st. Wells Fargo & Co reaffirmed a buy rating and issued a $225.00 target price on shares of Restoration Hardware in a report on Monday, November 25th. Finally, UBS Group upped their target price on shares of Restoration Hardware from $138.00 to $160.00 and gave the company a neutral rating in a report on Wednesday, September 11th. Thirteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $166.38.

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, d├ęcor, 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.

Further Reading: How to find the components of the quick ratio

Earnings History and Estimates for Restoration Hardware (NYSE:RH)

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