$0.43 EPS Expected for RCI Hospitality Holdings, Inc. (NASDAQ:RICK) This Quarter
Brokerages expect that RCI Hospitality Holdings, Inc. (NASDAQ:RICK) will report $0.43 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for RCI Hospitality Holdings’ earnings. The highest EPS estimate is $0.45 and the lowest is $0.41. RCI Hospitality Holdings reported earnings per share of $0.34 during the same quarter last year, which indicates a positive year over year growth rate of 26.5%. The business is scheduled to report its next earnings report after the market closes on Wednesday, August 9th.
On average, analysts expect that RCI Hospitality Holdings will report full year earnings of $1.47 per share for the current year, with EPS estimates ranging from $1.34 to $1.59. For the next fiscal year, analysts anticipate that the business will report earnings of $1.93 per share, with EPS estimates ranging from $1.88 to $1.97. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow RCI Hospitality Holdings.
RCI Hospitality Holdings (NASDAQ:RICK) last posted its quarterly earnings results on Tuesday, May 9th. The restaurant operator reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. RCI Hospitality Holdings had a net margin of 7.16% and a return on equity of 9.97%. The company had revenue of $34.52 million for the quarter, compared to the consensus estimate of $35.26 million.
Several research analysts recently weighed in on the stock. Westpark Capital restated a “buy” rating and issued a $30.00 price objective (up from $29.00) on shares of RCI Hospitality Holdings in a research report on Thursday, June 8th. Zacks Investment Research raised RCI Hospitality Holdings from a “hold” rating to a “strong-buy” rating and set a $24.00 target price for the company in a research note on Thursday, May 25th.
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In other news, insider Eric Scott Langan bought 3,000 shares of the business’s stock in a transaction on Friday, May 12th. The stock was acquired at an average price of $18.74 per share, with a total value of $56,220.00. Following the completion of the purchase, the insider now directly owns 708,375 shares in the company, valued at $13,274,947.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.89% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the company. ClariVest Asset Management LLC raised its stake in shares of RCI Hospitality Holdings by 58.0% in the first quarter. ClariVest Asset Management LLC now owns 25,418 shares of the restaurant operator’s stock valued at $440,000 after buying an additional 9,334 shares in the last quarter. AXA raised its stake in shares of RCI Hospitality Holdings by 39.7% in the first quarter. AXA now owns 34,844 shares of the restaurant operator’s stock valued at $603,000 after buying an additional 9,900 shares in the last quarter. Spark Investment Management LLC raised its stake in shares of RCI Hospitality Holdings by 1.2% in the first quarter. Spark Investment Management LLC now owns 24,800 shares of the restaurant operator’s stock valued at $429,000 after buying an additional 300 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of RCI Hospitality Holdings by 5.0% in the first quarter. JPMorgan Chase & Co. now owns 40,862 shares of the restaurant operator’s stock valued at $708,000 after buying an additional 1,957 shares in the last quarter. Finally, Nordea Investment Management AB purchased a new stake in shares of RCI Hospitality Holdings during the first quarter valued at about $147,000. 40.53% of the stock is owned by institutional investors and hedge funds.
RCI Hospitality Holdings (NASDAQ RICK) traded up 1.77% during midday trading on Tuesday, hitting $24.12. 138,888 shares of the stock were exchanged. The company’s 50 day moving average is $21.60 and its 200 day moving average is $18.09. The company has a market capitalization of $234.40 million, a P/E ratio of 24.59 and a beta of 0.26. RCI Hospitality Holdings has a 1-year low of $10.07 and a 1-year high of $25.47.
The company also recently announced a quarterly dividend, which was paid on Monday, June 26th. Shareholders of record on Monday, June 12th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Thursday, June 8th. RCI Hospitality Holdings’s dividend payout ratio is currently 12.00%.
RCI Hospitality Holdings Company Profile
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