Richardson Electronics (NASDAQ:RELL) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Richardson Electronics (NASDAQ:RELL) announced its earnings results on Wednesday. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05, Yahoo Finance reports. Richardson Electronics had a negative net margin of 0.40% and a negative return on equity of 0.24%. The business had revenue of $53.73 million for the quarter, compared to analyst estimates of $49.45 million. During the same quarter in the previous year, the firm posted $0.09 earnings per share.

Richardson Electronics Price Performance

Shares of Richardson Electronics stock traded up $0.61 on Friday, hitting $13.19. The company had a trading volume of 41,619 shares, compared to its average volume of 108,076. The firm has a market capitalization of $189.67 million, a P/E ratio of -251.60, a P/E/G ratio of 1.96 and a beta of 0.96. Richardson Electronics has a twelve month low of $8.08 and a twelve month high of $14.30. The stock has a 50-day moving average of $11.82 and a 200-day moving average of $11.22.

Richardson Electronics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 8th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Friday, November 8th. Richardson Electronics’s dividend payout ratio is currently -480.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Richardson Electronics from a “sell” rating to a “hold” rating in a report on Friday, July 26th.

Richardson Electronics Company Profile

Richardson Electronics, Ltd. provides engineered solutions, power grid and microwave tube, and related consumables worldwide. The Power and Microwave Technologies segment manufactures electron tubes and RF, Microwave and power components for semiconductors; and manufacturing equipment, RF and wireless and industrial power applications, as well as various applications including broadcast transmission, CO2 laser cutting, diagnostic imaging, dielectric and induction heating, energy transfer, high voltage switching, plasma, power conversion, radar, and radiation oncology.