Richelieu Hardware (RCH) to Release Earnings on Thursday

Richelieu Hardware (TSE:RCH) will announce its earnings results before the market opens on Thursday, October 10th. Analysts expect the company to announce earnings of C$0.50 per share for the quarter.

Richelieu Hardware (TSE:RCH) last issued its quarterly earnings data on Thursday, July 11th. The company reported C$0.42 earnings per share for the quarter, hitting the consensus estimate of C$0.42. The company had revenue of C$481.43 million for the quarter, compared to analysts’ expectations of C$481.90 million. Richelieu Hardware had a return on equity of 11.28% and a net margin of 5.39%.

Richelieu Hardware Price Performance

TSE:RCH opened at C$39.65 on Wednesday. The firm has a market capitalization of C$2.21 billion, a price-to-earnings ratio of 23.05, a PEG ratio of 0.77 and a beta of 0.94. The company has a debt-to-equity ratio of 29.93, a current ratio of 3.27 and a quick ratio of 0.72. The business has a 50 day simple moving average of C$39.47 and a 200-day simple moving average of C$39.83. Richelieu Hardware has a 1 year low of C$37.39 and a 1 year high of C$48.27.

Richelieu Hardware Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Thursday, July 25th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, July 25th. This represents a $0.60 annualized dividend and a dividend yield of 1.51%. Richelieu Hardware’s dividend payout ratio (DPR) is presently 34.88%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. CIBC dropped their price objective on Richelieu Hardware from C$45.00 to C$44.00 and set a “neutral” rating for the company in a report on Monday, July 15th. National Bankshares set a C$45.50 price target on shares of Richelieu Hardware and gave the stock a “sector perform” rating in a report on Tuesday, June 18th.

Insider Activity at Richelieu Hardware

In other news, Senior Officer Antoine Auclair sold 2,100 shares of Richelieu Hardware stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of C$39.71, for a total value of C$83,393.94. In related news, Senior Officer Guy Grenier sold 3,000 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of C$38.98, for a total transaction of C$116,943.00. Also, Senior Officer Antoine Auclair sold 2,100 shares of the stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of C$39.71, for a total value of C$83,393.94. Insiders have sold a total of 9,100 shares of company stock valued at $361,346 over the last quarter. 7.62% of the stock is owned by corporate insiders.

About Richelieu Hardware

Richelieu Hardware Ltd. manufactures, imports, and distributes specialty hardware and complementary products in Canada and the United States. The company's principal product categories include furniture, glass and building decorative, and functional hardware; lighting systems; finishing and decorating products; ergonomic workstation components; kitchen and closet storage solutions; sliding door systems; decorative and functional panels; high-pressure laminates; railing and balusters; floor protection products; and power tool accessories.