Richardson Electronics Q2 Earnings Forecast Raised by Sidoti

Richardson Electronics, Ltd. (NASDAQ:RELL) – Research analysts at Sidoti boosted their Q2 2027 earnings per share (EPS) estimates for shares of Richardson Electronics in a report released on Friday, October 9th. Sidoti analyst A. Soderstrom now forecasts that the technology company will earn $0.14 per share for the quarter, up from their previous estimate of $0.09. The consensus estimate for Richardson Electronics’ current full-year earnings is $0.65 per share. Sidoti also issued estimates for Richardson Electronics’ Q3 2027 earnings at $0.13 EPS, Q4 2027 earnings at $0.14 EPS, Q1 2028 earnings at $0.20 EPS, Q2 2028 earnings at $0.21 EPS, Q3 2028 earnings at $0.22 EPS and Q4 2028 earnings at $0.23 EPS.

Richardson Electronics (NASDAQ:RELL) last announced its quarterly earnings data on Wednesday, October 7th. The technology company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.18. The company had revenue of $64.92 million for the quarter, compared to analysts’ expectations of $58.98 million. Richardson Electronics had a return on equity of 4.82% and a net margin of 3.57%.

A number of other brokerages have also recently commented on RELL. Weiss Ratings upgraded shares of Richardson Electronics from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Zacks Research lowered shares of Richardson Electronics from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Northland Securities set a $26.00 price objective on shares of Richardson Electronics in a research note on Tuesday. Finally, Wall Street Zen raised shares of Richardson Electronics from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.00.

Richardson Electronics Price Performance

Shares of RELL opened at $21.28 on Monday. The firm has a market cap of $312.60 million, a P/E ratio of 38.41, a P/E/G ratio of 1.28 and a beta of 1.32. The stock has a 50 day simple moving average of $18.25 and a two-hundred day simple moving average of $16.82. Richardson Electronics has a 1 year low of $9.37 and a 1 year high of $23.15.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Hsbc Holdings PLC purchased a new stake in Richardson Electronics during the 2nd quarter valued at $208,000. Empowered Funds LLC purchased a new position in shares of Richardson Electronics in the second quarter valued at about $419,000. Algert Global LLC raised its stake in shares of Richardson Electronics by 88.4% during the second quarter. Algert Global LLC now owns 22,235 shares of the technology company’s stock valued at $423,000 after acquiring an additional 10,433 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Richardson Electronics during the second quarter valued at about $293,000. Finally, BlackRock Inc. bought a new position in shares of Richardson Electronics during the second quarter valued at about $18,874,000. Institutional investors own 71.95% of the company’s stock.

Insider Buying and Selling at Richardson Electronics

In other Richardson Electronics news, COO Wendy Diddell sold 23,901 shares of Richardson Electronics stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $20.00, for a total value of $478,020.00. Following the transaction, the chief operating officer directly owned 114,150 shares of the company’s stock, valued at $2,283,000. The trade was a 17.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert Ben sold 9,000 shares of Richardson Electronics stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $21.61, for a total value of $194,490.00. Following the completion of the transaction, the chief financial officer directly owned 60,534 shares in the company, valued at $1,308,139.74. This trade represents a 12.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 133,585 shares of company stock worth $2,565,216 over the last quarter. Company insiders own 31.65% of the company’s stock.

Richardson Electronics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Friday, November 6th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, November 6th. Richardson Electronics’s dividend payout ratio (DPR) is presently 41.38%.

About Richardson Electronics

Richardson Electronics, Ltd. (NASDAQ: RELL) is a global provider of engineered solutions, replacement parts and specialized components for industrial, healthcare and energy markets. Founded in 1947 and headquartered in LaFox, Illinois, the company serves original equipment manufacturers, distributors and end users through a network that spans North America, Europe and Asia.

The company operates through three primary business areas. Its Power and Microwave Technologies segment supplies power semiconductors, electronic components, vacuum tubes, radio-frequency and microwave products, and related engineering services for applications including telecommunications, industrial equipment, broadcasting and defense.