Restoration Hardware Holdings Inc. (RH) Issues Q3 Earnings Guidance
Restoration Hardware Holdings Inc. (NYSE:RH) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.68-0.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.38. The company issued revenue guidance of $575-590 million, compared to the consensus revenue estimate of $598.78 million.Restoration Hardware Holdings also updated its FY18 guidance to $2.43-2.67 EPS.
Restoration Hardware Holdings Inc. (NYSE:RH) opened at 71.54 on Friday. The firm has a 50-day moving average of $57.05 and a 200-day moving average of $51.34. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 187.28 and a beta of 1.53. Restoration Hardware Holdings Inc. has a 52 week low of $24.41 and a 52 week high of $79.91.
Restoration Hardware Holdings (NYSE:RH) last announced its quarterly earnings data on Wednesday, September 6th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.47 by $0.18. The company had revenue of $615.30 million for the quarter, compared to analyst estimates of $606.38 million. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business earned $0.44 EPS. Equities analysts forecast that Restoration Hardware Holdings Inc. will post $2.14 earnings per share for the current year.
Several analysts have recently commented on the stock. UBS AG reaffirmed a neutral rating and set a $45.00 price objective on shares of Restoration Hardware Holdings in a research report on Saturday, June 3rd. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Restoration Hardware Holdings in a research report on Saturday, June 3rd. Bank of America Corporation raised their price objective on shares of Restoration Hardware Holdings from $44.00 to $50.00 and gave the stock a buy rating in a research report on Thursday. Piper Jaffray Companies raised their price objective on shares of Restoration Hardware Holdings from $43.00 to $71.00 and gave the stock a neutral rating in a research report on Thursday. Finally, Cowen and Company reaffirmed a market perform rating and set a $61.00 price objective (up previously from $44.00) on shares of Restoration Hardware Holdings in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. Restoration Hardware Holdings currently has a consensus rating of Hold and a consensus target price of $59.02.
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About Restoration Hardware Holdings
RH, formerly Restoration Hardware Holdings, Inc, is a retailer in the home furnishings marketplace. As of January 28, 2017, the Company had two segments: RH Segment and Waterworks. It offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings.
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