Restoration Hardware Holdings Inc. (RH) to Release Quarterly Earnings on Wednesday
Restoration Hardware Holdings Inc. (NYSE:RH) will announce its earnings results after the market closes on Wednesday, September 6th. Analysts expect the company to announce earnings of $0.42 per share for the quarter. Restoration Hardware Holdings has set its FY18 guidance at $1.67-1.94 EPS.
Restoration Hardware Holdings (NYSE:RH) last released its quarterly earnings data on Thursday, June 1st. The company reported $0.05 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.05. Restoration Hardware Holdings had a net margin of 0.66% and a return on equity of 6.42%. The company had revenue of $562.10 million during the quarter, compared to analyst estimates of $560.30 million. During the same period in the prior year, the firm earned ($0.05) earnings per share. The firm’s revenue for the quarter was up 23.4% compared to the same quarter last year. On average, analysts expect Restoration Hardware Holdings to post $2.14 EPS for the current fiscal year and $3.23 EPS for the next fiscal year.
Shares of Restoration Hardware Holdings Inc. (RH) opened at 45.21 on Wednesday. The company has a 50-day moving average of $61.24 and a 200-day moving average of $49.79. Restoration Hardware Holdings Inc. has a 1-year low of $24.41 and a 1-year high of $79.91. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 118.35 and a beta of 1.47.
Restoration Hardware Holdings announced that its Board of Directors has authorized a share repurchase plan on Thursday, May 4th that allows the company to buyback $700.00 million in shares. This buyback authorization allows the company to reacquire up to 37.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its shares are undervalued.
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RH has been the subject of a number of recent analyst reports. BidaskClub lowered Restoration Hardware Holdings from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Deutsche Bank AG upgraded Restoration Hardware Holdings from a “hold” rating to a “buy” rating and raised their price objective for the company from $45.00 to $66.00 in a research note on Friday, June 23rd. Zacks Investment Research lowered Restoration Hardware Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Buckingham Research upgraded Restoration Hardware Holdings from an “underperform” rating to a “neutral” rating in a research note on Monday, May 8th. Finally, KeyCorp restated an “overweight” rating and set a $56.00 price objective (down previously from $62.00) on shares of Restoration Hardware Holdings in a research note on Friday, June 2nd. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company’s stock. Restoration Hardware Holdings currently has a consensus rating of “Hold” and an average target price of $53.55.
Restoration Hardware Holdings Company Profile
RH, formerly Restoration Hardware Holdings, Inc, is a retailer in the home furnishings marketplace. As of January 28, 2017, the Company had two segments: RH Segment and Waterworks. It offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings.
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