RF Industries (NASDAQ:RFIL) Releases Earnings Results, Misses Estimates By $0.01 EPS

RF Industries (NASDAQ:RFIL) posted its quarterly earnings results on Monday. The electronics maker reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01), FiscalAI reports. The business had revenue of $23.96 million during the quarter, compared to the consensus estimate of $23.28 million. RF Industries had a return on equity of 12.79% and a net margin of 1.70%.

RF Industries Stock Performance

RFIL stock opened at $10.32 on Monday. The firm has a market cap of $111.97 million, a PE ratio of 73.72 and a beta of 1.29. The firm’s fifty day moving average is $12.60 and its 200 day moving average is $14.05. RF Industries has a one year low of $5.54 and a one year high of $22.30.

Institutional Investors Weigh In On RF Industries

A number of institutional investors have recently modified their holdings of RFIL. Arrowstreet Capital Limited Partnership acquired a new position in RF Industries in the 3rd quarter worth about $1,651,000. Dimensional Fund Advisors LP grew its holdings in RF Industries by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 241,657 shares of the electronics maker’s stock valued at $1,397,000 after purchasing an additional 13,349 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in RF Industries by 58.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 212,439 shares of the electronics maker’s stock valued at $1,228,000 after purchasing an additional 78,144 shares during the period. Bridgeway Capital Management LLC increased its position in shares of RF Industries by 38.1% in the third quarter. Bridgeway Capital Management LLC now owns 66,676 shares of the electronics maker’s stock valued at $549,000 after buying an additional 18,380 shares in the last quarter. Finally, State Street Corp increased its position in shares of RF Industries by 6.4% in the fourth quarter. State Street Corp now owns 38,484 shares of the electronics maker’s stock valued at $222,000 after buying an additional 2,300 shares in the last quarter. 23.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RFIL has been the topic of a number of research reports. B. Riley Financial raised RF Industries from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $18.00 to $15.00 in a research note on Friday, August 21st. Weiss Ratings lowered shares of RF Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday. Lake Street Capital began coverage on shares of RF Industries in a research report on Thursday, August 13th. They set a “buy” rating and a $19.00 target price on the stock. Zacks Research downgraded shares of RF Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 20th. Finally, Wall Street Zen downgraded RF Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $17.00.

RF Industries Company Profile

RF Industries, Inc (NASDAQ: RFIL) is a manufacturer and supplier of connectivity products and solutions for the wireless, broadcast, cable television, data networking, defense and aerospace markets. The company specializes in both standard and custom coaxial and fiber-optic cable assemblies, connectors, adapters and test accessories designed to withstand demanding environmental conditions. Through its product portfolio, RF Industries supports applications ranging from RF signal transmission and satellite communications to industrial automation and instrumentation.

The company’s offerings include premade and build-to-print coaxial cables and assemblies, field-installable connectors, power distribution components and calibration-grade test equipment.