RCI Hospitality Holdings, Inc. (RICK) Expected to Post Quarterly Sales of $37.59 Million
Equities analysts expect that RCI Hospitality Holdings, Inc. (NASDAQ:RICK) will post $37.59 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for RCI Hospitality Holdings’ earnings. The lowest sales estimate is $37.38 million and the highest is $37.80 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 business is expected to report its next earnings results on Tuesday, December 12th.
On average, 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 financial year, analysts forecast that the business will report sales of $163.61 million per share, with estimates ranging from $163.40 million to $163.82 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow RCI Hospitality Holdings.
RCI Hospitality Holdings (NASDAQ:RICK) last announced its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. The firm had revenue of $37.43 million for the quarter, compared to the consensus estimate of $37.64 million. RCI Hospitality Holdings had a net margin of 7.84% and a return on equity of 10.75%. During the same quarter last year, the firm posted $0.34 EPS.
Several equities analysts have recently issued reports on RICK shares. Zacks Investment Research downgraded shares of RCI Hospitality Holdings from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. Westpark Capital set a $30.00 price objective on shares of RCI Hospitality Holdings and gave the company a “buy” rating in a report on Thursday, August 10th.
Shares of RCI Hospitality Holdings (NASDAQ RICK) opened at 27.75 on Wednesday. The stock has a market cap of $269.67 million, a P/E ratio of 25.09 and a beta of 0.27. RCI Hospitality Holdings has a one year low of $10.92 and a one year high of $27.93. The stock’s 50 day moving average is $24.64 and its 200-day moving average is $21.98.
The company also recently announced a quarterly dividend, which was paid on Monday, September 25th. Investors of record on Monday, September 11th were given a $0.03 dividend. The ex-dividend date was Friday, September 8th. This represents a $0.12 dividend on an annualized basis and a yield of 0.43%. RCI Hospitality Holdings’s dividend payout ratio is currently 10.62%.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System purchased a new stake in RCI Hospitality Holdings in the second quarter valued at approximately $384,000. The Manufacturers Life Insurance Company boosted its position in RCI Hospitality Holdings by 1,244.9% in the second 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 during the last quarter. State Street Corp purchased a new stake in RCI Hospitality Holdings in the second quarter valued at approximately $2,508,000. Numeric Investors LLC purchased a new stake in RCI Hospitality Holdings in the second quarter valued at approximately $1,867,000. Finally, OxFORD Asset Management LLP purchased a new stake in RCI Hospitality Holdings in the second quarter valued at approximately $370,000. Hedge funds and other institutional investors own 48.47% of the company’s stock.
About RCI Hospitality Holdings
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