Restoration Hardware Holdings Inc. (RH) Updates Q2 Earnings Guidance
Restoration Hardware Holdings Inc. (NYSE:RH) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.62-0.64 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.61, American Banking News.com reports. The company issued revenue guidance of $443-453 million, compared to the consensus revenue estimate of $451.17 million.Restoration Hardware Holdings also updated its FY15 guidance to $2.24-2.30 EPS.
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 equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Restoration Hardware Holdings currently has a consensus rating of Buy and a consensus price target of $78.58.
Shares of Restoration Hardware Holdings Inc. (NYSE:RH) traded up 2.82% during mid-day trading on Wednesday, hitting $71.35. 3,073,347 shares of the company’s stock traded hands. Restoration Hardware Holdings Inc. has a 52 week low of $54.61 and a 52 week high of $78.50. The stock’s 50-day moving average is $64.28 and its 200-day moving average is $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 released its earnings data on Wednesday, June 11th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 21.6% on a year-over-year basis. On average, analysts predict that Restoration Hardware Holdings Inc. will post $2.20 earnings per share for the current fiscal year.
In other Restoration Hardware Holdings news, Director Carlos Alberini sold 30,000 shares of Restoration Hardware Holdings 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 value of $2,017,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Restoration Hardware Holdings, Inc (NYSE:RH) is a holding company.
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