Restoration Hardware (NYSE:RH) Updates FY 2019 Earnings Guidance

Restoration Hardware (NYSE:RH) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $8.76-9.27 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $8.40. The company issued revenue guidance of $2.643-2.663 billion, compared to the consensus revenue estimate of $2.61 billion.

NYSE RH traded up $1.64 on Wednesday, reaching $94.89. 1,443,045 shares of the stock traded hands, compared to its average volume of 1,101,168. The company has a debt-to-equity ratio of 26.22, a quick ratio of 0.16 and a current ratio of 0.74. The firm has a market cap of $1.72 billion, a P/E ratio of 11.11, a PEG ratio of 0.85 and a beta of 1.64. Restoration Hardware has a 12 month low of $84.11 and a 12 month high of $162.10.

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

Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Restoration Hardware from a hold rating to a buy rating and set a $161.00 price objective for the company in a research note on Monday, February 18th. Wedbush reissued an outperform rating and set a $160.00 price objective on shares of Restoration Hardware in a research note on Monday, March 18th. Evercore ISI assumed coverage on Restoration Hardware in a research note on Wednesday, March 20th. They set an in-line rating and a $145.00 price objective for the company. Bank of America reissued an underperform rating and set a $85.00 price objective on shares of Restoration Hardware in a research note on Friday, March 29th. Finally, Wells Fargo & Co reduced their price objective on Restoration Hardware from $175.00 to $160.00 and set an outperform rating for the company in a research note on Friday, March 29th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. Restoration Hardware currently has a consensus rating of Hold and an average target price of $142.75.

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Restoration Hardware Company Profile

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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