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

Restoration Hardware (NYSE:RH) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share guidance of $10.53-10.76 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $9.44. The company issued revenue guidance of $2.68-2.694 billion, compared to the consensus revenue estimate of $2.68 billion.Restoration Hardware also updated its Q3 2019 guidance to $2.08-2.18 EPS.

Several equities analysts recently weighed in on RH shares. Zacks Investment Research upgraded shares of Restoration Hardware from a sell rating to a hold rating and set a $115.00 price target for the company in a research report on Friday, June 14th. Loop Capital lifted their target price on Restoration Hardware to $160.00 and gave the company an average rating in a research note on Thursday, September 5th. Raymond James reissued a hold rating on shares of Restoration Hardware in a report on Monday, June 17th. Goldman Sachs Group started coverage on Restoration Hardware in a research note on Thursday, July 11th. They issued a neutral rating and a $129.00 price target for the company. Finally, Telsey Advisory Group reaffirmed a market perform rating and set a $140.00 price objective (up from $130.00) on shares of Restoration Hardware in a report on Tuesday, July 30th. Thirteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $142.85.

Restoration Hardware stock traded up $5.37 during mid-day trading on Tuesday, reaching $158.88. 1,901,227 shares of the company’s stock were exchanged, compared to its average volume of 1,033,883. The company has a market cap of $2.77 billion, a P/E ratio of 18.60, a P/E/G ratio of 1.26 and a beta of 1.77. Restoration Hardware has a twelve month low of $84.11 and a twelve month high of $159.04. The company has a fifty day moving average of $139.28 and a 200-day moving average of $121.14.

Restoration Hardware (NYSE:RH) last released its earnings results on Wednesday, June 12th. The company reported $1.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.31. The firm had revenue of $598.42 million during the quarter, compared to analyst estimates of $583.69 million. Restoration Hardware had a negative return on equity of 979.13% and a net margin of 6.22%. Restoration Hardware’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $1.33 earnings per share. Equities research analysts forecast that Restoration Hardware will post 9.43 earnings per share for the current year.

In other news, Director Mark S. Demilio sold 2,000 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $150.00, for a total transaction of $300,000.00. Following the completion of the sale, the director now owns 1,002 shares of the company’s stock, valued at $150,300. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 36.40% of the company’s stock.

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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