Restoration Hardware Holdings Inc. (RH) Issues FY15 Earnings Guidance
Restoration Hardware Holdings Inc. (NYSE:RH) updated its FY15 earnings guidance on Wednesday. The company provided EPS guidance of $2.24-2.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.21, Stock Ratings Network.com reports. The company issued revenue guidance of $1.86-1.89 billion, compared to the consensus revenue estimate of $1.85 billion.Restoration Hardware Holdings also updated its Q2 guidance to $0.62-0.64 EPS.
Shares of Restoration Hardware Holdings Inc. (NYSE:RH) traded up 2.82% during mid-day trading on Wednesday, hitting $71.35. The stock had a trading volume of 3,073,347 shares. Restoration Hardware Holdings Inc. has a 52-week low of $54.61 and a 52-week high of $78.50. The stock has a 50-day moving average of $64.28 and a 200-day moving average of $64.62. The company has a market cap of $2.775 billion and a P/E ratio of 154.20.
Restoration Hardware Holdings (NYSE:RH) last announced its earnings results on Wednesday, June 11th. The company reported $0.18 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.07. The company had revenue of $366.30 million for the quarter, compared to the consensus estimate of $348.49 million. During the same quarter last year, the company posted $0.06 earnings per share. Restoration Hardware Holdings’s revenue was up 21.6% compared to the same quarter last year. On average, analysts predict that Restoration Hardware Holdings Inc. will post $2.20 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Wells Fargo & Co. reiterated an outperform rating on shares of Restoration Hardware Holdings in a research note on Tuesday, May 20th. Analysts at Piper Jaffray raised their price target on shares of Restoration Hardware Holdings from $65.00 to $72.00 in a research note on Friday, March 28th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $78.58.
In other Restoration Hardware Holdings news, Director Carlos Alberini sold 30,000 shares of the stock on the open market in a transaction dated Friday, June 6th. The stock was sold at an average price of $67.25, for a total transaction of $2,017,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Restoration Hardware Holdings, Inc (NYSE:RH) is a holding company.
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