$37.59 Million in Sales Expected for RCI Hospitality Holdings, Inc. (RICK) This Quarter
Analysts expect RCI Hospitality Holdings, Inc. (NASDAQ:RICK) to announce $37.59 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for RCI Hospitality Holdings’ earnings. The highest sales estimate is $37.80 million and the lowest is $37.38 million. RCI Hospitality Holdings posted sales of $33.04 million during the same quarter last year, which suggests a positive year over year growth rate of 13.8%. The company is scheduled to issue its next earnings results on Tuesday, December 12th.
According to Zacks, analysts expect that RCI Hospitality Holdings will report full-year sales of $37.59 million for the current year, with estimates ranging from $143.07 million to $143.40 million. For the next year, analysts expect that the business will post sales of $163.61 million per share, with estimates ranging from $163.40 million to $163.82 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for RCI Hospitality Holdings.
RCI Hospitality Holdings (NASDAQ:RICK) last released its earnings results on Wednesday, August 9th. The restaurant operator reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.04. The business had revenue of $37.43 million for the quarter, compared to analysts’ expectations of $37.64 million. RCI Hospitality Holdings had a return on equity of 10.75% and a net margin of 7.84%. During the same quarter in the prior year, the firm earned $0.34 earnings per share.
Several brokerages have commented on RICK. Zacks Investment Research upgraded shares of RCI Hospitality Holdings from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Saturday, August 12th. Westpark Capital set a $30.00 price target on shares of RCI Hospitality Holdings and gave the stock a “buy” rating in a research note on Thursday, August 10th.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Bessemer Group Inc. purchased a new stake in shares of RCI Hospitality Holdings during the 2nd quarter valued at about $119,000. Nationwide Fund Advisors raised its position in shares of RCI Hospitality Holdings by 269.6% during the 2nd quarter. Nationwide Fund Advisors now owns 6,848 shares of the restaurant operator’s stock valued at $163,000 after buying an additional 4,995 shares in the last quarter. Sei Investments Co. raised its position in shares of RCI Hospitality Holdings by 83.3% during the 2nd quarter. Sei Investments Co. now owns 8,153 shares of the restaurant operator’s stock valued at $194,000 after buying an additional 3,706 shares in the last quarter. Nordea Investment Management AB purchased a new stake in shares of RCI Hospitality Holdings during the 1st quarter valued at about $147,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of RCI Hospitality Holdings by 1,244.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,769 shares of the restaurant operator’s stock valued at $210,000 after buying an additional 8,117 shares in the last quarter. Hedge funds and other institutional investors own 48.47% of the company’s stock.
RCI Hospitality Holdings (NASDAQ:RICK) opened at 23.60 on Friday. The company has a 50-day moving average price of $23.73 and a 200-day moving average price of $20.43. The company has a market cap of $229.34 million, a PE ratio of 21.34 and a beta of 0.28. RCI Hospitality Holdings has a 1-year low of $10.75 and a 1-year high of $26.85.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Monday, September 11th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Friday, September 8th. RCI Hospitality Holdings’s payout ratio is currently 10.62%.
RCI Hospitality Holdings Company Profile
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