Restoration Hardware (NYSE:RH) Posts Quarterly Earnings Results, Beats Estimates By $0.31 EPS

Restoration Hardware (NYSE:RH) announced its quarterly earnings results on Wednesday. The company reported $1.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.31, Briefing.com reports. The business had revenue of $598.42 million during the quarter, compared to analysts’ expectations of $583.69 million. Restoration Hardware had a net margin of 6.01% and a return on equity of 522.94%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.33 EPS. Restoration Hardware updated its FY 2019 guidance to $8.76-9.27 EPS and its FY20 guidance to $8.76-9.27 EPS.

NYSE:RH opened at $94.89 on Thursday. Restoration Hardware has a 12 month low of $84.11 and a 12 month high of $162.10. The company has a debt-to-equity ratio of 26.22, a current ratio of 0.74 and a quick ratio of 0.16. The stock has a market capitalization of $1.71 billion, a PE ratio of 11.11, a P/E/G ratio of 0.90 and a beta of 1.64.

Several equities research analysts have weighed in on the stock. Evercore ISI assumed coverage on shares of Restoration Hardware in a research report on Wednesday, March 20th. They set an “in-line” rating and a $145.00 price target for the company. Bank of America reissued an “underperform” rating and set a $85.00 price target on shares of Restoration Hardware in a research report on Friday, March 29th. Gordon Haskett raised shares of Restoration Hardware from a “reduce” rating to a “hold” rating and set a $86.50 target price for the company in a research report on Tuesday, June 4th. Robert W. Baird dropped their target price on shares of Restoration Hardware from $135.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, March 29th. Finally, Wells Fargo & Co reaffirmed a “buy” rating and issued a $175.00 target price on shares of Restoration Hardware in a research report on Thursday, March 21st. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. Restoration Hardware presently has a consensus rating of “Hold” and a consensus target price of $137.16.

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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 for Restoration Hardware (NYSE:RH)

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