FY2017 Earnings Forecast for Richelieu Hardware Ltd. Issued By National Bank Financial (RCH)

Richelieu Hardware Ltd. (TSE:RCH) – Stock analysts at National Bank Financial issued their FY2017 earnings per share (EPS) estimates for shares of Richelieu Hardware in a note issued to investors on Sunday. National Bank Financial analyst L. Aghazarian forecasts that the company will post earnings per share of $1.15 for the year. National Bank Financial also issued estimates for Richelieu Hardware’s Q4 2017 earnings at $0.34 EPS.

Separately, Scotiabank upped their price objective on shares of Richelieu Hardware from C$30.00 to C$36.00 and gave the company a “sector perform” rating in a report on Tuesday, October 10th.

Richelieu Hardware (RCH) opened at C$30.47 on Wednesday. Richelieu Hardware has a fifty-two week low of C$26.26 and a fifty-two week high of C$35.64. The stock has a market cap of $1,780.00, a PE ratio of 26.27 and a beta of 0.35.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $0.24 annualized dividend and a dividend yield of 0.79%. This is an increase from Richelieu Hardware’s previous quarterly dividend of $0.06. Richelieu Hardware’s dividend payout ratio is 19.26%.

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Richelieu Hardware Company Profile

Richelieu Hardware Ltd. is a distributor, importer and manufacturer of specialty hardware and complementary products. The Company’s product categories include furniture, glass and building decorative and functional hardware, lighting systems, finishing and decorating products, ergonomic workstation components, kitchen and closet storage solutions, sliding door systems, decorative and functional panels, window and door hardware, glass hardware and floor protection products.

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