Richelieu Hardware Ltd. (RCH) Issues Quarterly Earnings Results
Richelieu Hardware Ltd. (TSE:RCH) released its quarterly earnings data on Thursday. The company reported $0.30 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30, Yahoo Finance reports. The business had revenue of $243.27 million for the quarter, compared to the consensus estimate of $232.60 million. Richelieu Hardware had a net margin of 6.10% and a return on equity of 12.10%.
Shares of Richelieu Hardware (RCH) opened at 29.80 on Friday. The stock has a 50 day moving average of $30.08 and a 200-day moving average of $28.13. Richelieu Hardware has a one year low of $24.10 and a one year high of $31.50. The stock has a market capitalization of $1.73 billion and a P/E ratio of 27.34.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 3rd. Stockholders of record on Thursday, August 3rd will be issued a $0.0567 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Tuesday, July 18th.
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In related news, insider Guy Grenier sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of C$29.16, for a total transaction of C$583,200.00.
Several research firms have commented on RCH. National Bank Financial upped their price objective on shares of Richelieu Hardware from C$30.00 to C$32.00 in a report on Friday, April 7th. Scotiabank reissued a “sector perform” rating and issued a C$28.50 price target on shares of Richelieu Hardware in a report on Friday, April 7th.
About Richelieu Hardware
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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