Restoration Hardware (NYSE:RH) Issues FY20 Earnings Guidance

Restoration Hardware (NYSE:RH) updated its FY20 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $8.76-9.27 for the period, compared to the Thomson Reuters consensus estimate of $8.32. The company issued revenue guidance of $2.6428-2.6628, compared to the consensus revenue estimate of $2.60 billion.Restoration Hardware also updated its FY 2019 guidance to $8.76-9.27 EPS.

RH has been the topic of several research reports. Zacks Investment Research downgraded shares of Restoration Hardware from a hold rating to a sell rating and set a $92.00 price target on the stock. in a research note on Thursday, May 30th. Stifel Nicolaus cut their price objective on shares of Restoration Hardware from $180.00 to $145.00 and set a buy rating on the stock in a report on Friday, March 29th. Gordon Haskett upgraded Restoration Hardware from a reduce rating to a hold rating and set a $86.50 target price on the stock in a research note on Tuesday, June 4th. Bank of America restated an underperform rating and issued a $85.00 price objective on shares of Restoration Hardware in a research note on Friday, March 29th. Finally, Deutsche Bank cut Restoration Hardware from a buy rating to a hold rating and decreased their price target for the company from $185.00 to $124.00 in a research report on Friday, March 29th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $142.75.

RH traded up $1.64 on Wednesday, hitting $94.89. 1,443,045 shares of the company’s stock were exchanged, compared to its average volume of 1,101,168. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 11.11, a price-to-earnings-growth ratio of 0.85 and a beta of 1.64. Restoration Hardware has a twelve month low of $84.11 and a twelve month high of $162.10. The company has a quick ratio of 0.16, a current ratio of 0.74 and a debt-to-equity ratio of 26.22.

Restoration Hardware (NYSE:RH) last posted its quarterly earnings data on Thursday, March 28th. The company reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.17. The business had revenue of $671.00 million during the quarter, compared to analysts’ expectations of $686.44 million. Restoration Hardware had a net margin of 6.01% and a return on equity of 522.94%. The business’s revenue was up .1% on a year-over-year basis. During the same period last year, the firm posted $1.69 earnings per share. Research analysts anticipate that Restoration Hardware will post 8.33 earnings per share for the current year.

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About Restoration Hardware

RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, d├ęcor, outdoor and garden, tableware, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, restorationhardware.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.

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Earnings History and Estimates for Restoration Hardware (NYSE:RH)

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