Analysts forecast that RCI Hospitality Holdings, Inc. (NASDAQ:RICK) will announce sales of $37.59 million for the current quarter, Zacks reports. Two analysts have provided estimates for RCI Hospitality’s earnings. The highest sales estimate is $37.80 million and the lowest is $37.38 million. RCI Hospitality reported sales of $33.04 million during the same quarter last year, which would suggest a positive year over year growth rate of 13.8%. The firm is expected to report its next earnings results on Tuesday, December 12th.

On average, analysts expect that RCI Hospitality will report full year sales of $37.59 million for the current fiscal year, with estimates ranging from $143.07 million to $143.40 million. For the next fiscal year, analysts anticipate that the firm will report sales of $163.61 million per share, with estimates ranging from $163.40 million to $163.82 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover RCI Hospitality.

A number of equities analysts have recently commented 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 reissued a “buy” rating and issued a $30.00 price target on shares of RCI Hospitality in a report on Wednesday, October 11th. ValuEngine lowered shares of RCI Hospitality from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, BidaskClub lowered shares of RCI Hospitality from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. RCI Hospitality currently has an average rating of “Buy” and a consensus price target of $30.00.

Hedge funds have recently added to or reduced their stakes in the stock. Bessemer Group Inc. bought a new position in shares of RCI Hospitality during the 2nd quarter valued at $119,000. Nationwide Fund Advisors grew its holdings in shares of RCI Hospitality 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 purchasing an additional 4,995 shares during the last quarter. Sei Investments Co. grew its holdings in shares of RCI Hospitality 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 purchasing an additional 3,706 shares during the last quarter. Rhumbline Advisers bought a new position in shares of RCI Hospitality during the 3rd quarter valued at $207,000. Finally, Hancock Holding Co. bought a new position in shares of RCI Hospitality during the 2nd quarter valued at $209,000. 48.73% of the stock is currently owned by institutional investors.

Shares of RCI Hospitality (NASDAQ RICK) opened at $29.75 on Wednesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 0.96. The firm has a market cap of $298.57, a P/E ratio of 20.48 and a beta of 0.33. RCI Hospitality has a twelve month low of $14.80 and a twelve month high of $33.78.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 26th. Stockholders of record on Monday, December 11th will be issued a $0.03 dividend. 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 payout ratio is 10.62%.

ILLEGAL ACTIVITY NOTICE: This story was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this story on another site, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/12/13/brokerages-expect-rci-hospitality-holdings-inc-rick-will-post-quarterly-sales-of-37-59-million.html.

RCI Hospitality Company Profile

Get a free copy of the Zacks research report on RCI Hospitality (RICK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for RCI Hospitality Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RCI Hospitality and related companies with MarketBeat.com's FREE daily email newsletter.