Richelieu Hardware Ltd. (RCH) Set to Announce Quarterly Earnings on Thursday
Richelieu Hardware Ltd. (TSE:RCH) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, October 5th. Analysts expect the company to announce earnings of C$0.35 per share for the quarter.
Richelieu Hardware (TSE:RCH) last announced its quarterly earnings results on Thursday, July 6th. The company reported C$0.30 EPS for the quarter, meeting the Zacks’ consensus estimate of C$0.30. Richelieu Hardware had a net margin of 7.25% and a return on equity of 17.27%. The business had revenue of C$243.27 million during the quarter, compared to analyst estimates of C$232.60 million.
Richelieu Hardware Ltd. (TSE:RCH) opened at 31.56 on Wednesday. Richelieu Hardware Ltd. has a 1-year low of $24.10 and a 1-year high of $32.74. The company has a market capitalization of $1.83 billion and a price-to-earnings ratio of 27.90. The firm has a 50 day moving average of $31.20 and a 200-day moving average of $30.36.
In other news, insider Geneviève Quevillon sold 2,500 shares of Richelieu Hardware stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of C$31.67, for a total transaction of C$79,175.00. Also, insider Christian Dion sold 1,000 shares of Richelieu Hardware stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of C$31.56, for a total transaction of C$31,560.00. In the last 90 days, insiders sold 167,823 shares of company stock worth $5,296,172.
Separately, Scotiabank increased their price target on shares of Richelieu Hardware from C$29.50 to C$30.00 and gave the stock a “sector perform” rating in a research note on Friday, July 7th.
Richelieu Hardware Company Profile
Richelieu Hardware Ltd. is a distributor, importer and manufacturer of specialty hardware and complementary products. The Company’s 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, window and door hardware, glass hardware and floor protection products.
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