Brokerages Expect RCI Hospitality Holdings, Inc. (RICK) to Post $0.34 EPS

Wall Street analysts expect RCI Hospitality Holdings, Inc. (NASDAQ:RICK) to announce $0.34 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for RCI Hospitality’s earnings. RCI Hospitality reported earnings per share of $0.31 during the same quarter last year, which indicates a positive year-over-year growth rate of 9.7%. The company is scheduled to report its next earnings report on Tuesday, December 12th.

According to Zacks, analysts expect that RCI Hospitality will report full year earnings of $1.42 per share for the current year. For the next financial year, analysts expect that the firm will report earnings of $1.88 per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for RCI Hospitality.

Several equities analysts have issued reports on RICK shares. Zacks Investment Research lowered shares of RCI Hospitality from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th. Westpark Capital reaffirmed a “buy” rating and issued a $30.00 price target on shares of RCI Hospitality in a report on Wednesday, October 11th. Finally, ValuEngine lowered shares of RCI Hospitality from a “buy” rating to a “hold” rating in a report on Friday, December 1st.

RCI Hospitality (NASDAQ:RICK) traded down $0.77 during midday trading on Monday, reaching $29.95. 125,844 shares of the company’s stock traded hands, compared to its average volume of 69,235. The company has a quick ratio of 0.88, a current ratio of 0.96 and a debt-to-equity ratio of 0.79. RCI Hospitality has a fifty-two week low of $14.67 and a fifty-two week high of $33.78. The stock has a market capitalization of $298.56, a price-to-earnings ratio of 20.48 and a beta of 0.33.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 26th. Stockholders of record on Monday, December 11th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date is Friday, December 8th. RCI Hospitality’s dividend payout ratio (DPR) is presently 10.53%.

Several institutional investors and hedge funds have recently made changes to their positions in RICK. AJO LP purchased a new stake in shares of RCI Hospitality during the second quarter valued at $2,900,000. State Street Corp purchased a new stake in shares of RCI Hospitality during the second quarter valued at $2,508,000. Northern Trust Corp grew its holdings in shares of RCI Hospitality by 172.4% during the second quarter. Northern Trust Corp now owns 125,642 shares of the restaurant operator’s stock valued at $2,996,000 after buying an additional 79,510 shares during the last quarter. Numeric Investors LLC purchased a new stake in shares of RCI Hospitality during the second quarter valued at $1,867,000. Finally, OxFORD Asset Management LLP grew its holdings in shares of RCI Hospitality by 398.0% during the third quarter. OxFORD Asset Management LLP now owns 77,193 shares of the restaurant operator’s stock valued at $1,974,000 after buying an additional 61,692 shares during the last quarter. 48.73% of the stock is currently owned by hedge funds and other institutional investors.

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