Brokerages expect RH (NYSE:RH) to report $753.49 million in sales for the current quarter, Zacks reports. Six analysts have issued estimates for RH’s earnings. The highest sales estimate is $780.10 million and the lowest is $724.34 million. RH posted sales of $482.90 million in the same quarter last year, which suggests a positive year over year growth rate of 56%. The firm is expected to announce its next earnings results on Thursday, June 3rd.
According to Zacks, analysts expect that RH will report full year sales of $3.38 billion for the current year, with estimates ranging from $3.31 billion to $3.42 billion. For the next financial year, analysts anticipate that the firm will report sales of $3.65 billion, with estimates ranging from $3.57 billion to $3.71 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for RH.
RH (NYSE:RH) last issued its quarterly earnings results on Tuesday, March 23rd. The company reported $5.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.78 by $0.29. The company had revenue of $812.62 million for the quarter, compared to the consensus estimate of $796.31 million. RH had a net margin of 7.78% and a return on equity of 354.62%. The firm’s quarterly revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.72 EPS.
Several institutional investors and hedge funds have recently made changes to their positions in RH. US Bancorp DE increased its position in shares of RH by 148.5% during the third quarter. US Bancorp DE now owns 251 shares of the company’s stock valued at $96,000 after buying an additional 150 shares during the period. Great West Life Assurance Co. Can grew its holdings in shares of RH by 395.1% during the third quarter. Great West Life Assurance Co. Can now owns 40,446 shares of the company’s stock worth $3,927,000 after purchasing an additional 32,276 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of RH by 4.1% during the third quarter. UBS Asset Management Americas Inc. now owns 17,453 shares of the company’s stock worth $6,678,000 after purchasing an additional 685 shares in the last quarter. Truist Financial Corp purchased a new position in shares of RH during the third quarter worth about $440,000. Finally, Boothbay Fund Management LLC purchased a new position in shares of RH during the third quarter worth about $451,000.
Shares of NYSE:RH traded up $12.19 during midday trading on Thursday, reaching $613.16. The company had a trading volume of 334,110 shares, compared to its average volume of 494,958. The company’s 50 day moving average price is $514.57 and its 200 day moving average price is $454.75. The company has a current ratio of 0.83, a quick ratio of 0.27 and a debt-to-equity ratio of 3.59. The stock has a market cap of $12.87 billion, a P/E ratio of 78.21, a P/E/G ratio of 1.06 and a beta of 2.58. RH has a 52-week low of $116.62 and a 52-week high of $619.52.
RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, dÃ©cor, outdoor and garden, 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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