Brokers Offer Predictions for Richelieu Hardware Ltd.’s Q3 2023 Earnings (TSE:RCH)

Posted by on Apr 13th, 2023

Richelieu Hardware Ltd. (TSE:RCH – Get Rating) – Investment analysts at National Bank Financial raised their Q3 2023 earnings per share estimates for shares of Richelieu Hardware in a research note issued on Sunday, April 9th. National Bank Financial analyst Z. Evershed now anticipates that the company will post earnings of $0.63 per share for the quarter, up from their prior estimate of $0.62. The consensus estimate for Richelieu Hardware’s current full-year earnings is $1.49 per share. National Bank Financial also issued estimates for Richelieu Hardware’s FY2023 earnings at $2.29 EPS and FY2024 earnings at $2.27 EPS.

A number of other research firms have also issued reports on RCH. National Bankshares lowered their target price on Richelieu Hardware from C$54.00 to C$49.00 in a report on Tuesday, March 21st. CIBC lowered their target price on Richelieu Hardware from C$47.00 to C$46.00 in a research note on Tuesday, January 10th.

Richelieu Hardware Trading Down 0.7 %

Shares of TSE RCH opened at C$37.05 on Wednesday. The business has a fifty day simple moving average of C$38.96 and a 200-day simple moving average of C$37.67. The company has a market cap of C$2.07 billion, a price-to-earnings ratio of 12.27, a P/E/G ratio of 0.77 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 2.62 and a debt-to-equity ratio of 32.22. Richelieu Hardware has a 12 month low of C$32.35 and a 12 month high of C$42.16.

Richelieu Hardware (TSE:RCH – Get Rating) last posted its quarterly earnings results on Thursday, January 19th. The company reported C$0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.72 by C$0.08. The business had revenue of C$457.50 million for the quarter, compared to analyst estimates of C$445.20 million. Richelieu Hardware had a return on equity of 22.83% and a net margin of 9.34%.

Richelieu Hardware Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 4th. Stockholders of record on Thursday, May 4th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, April 19th. This represents a $0.60 annualized dividend and a dividend yield of 1.62%. Richelieu Hardware’s payout ratio is currently 19.87%.

Richelieu Hardware Company Profile

(Get Rating)

Richelieu Hardware Ltd. manufactures, imports, and distributes specialty hardware and complementary products in North America. The company's principal 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, high-pressure laminates, railing and balusters, and floor protection products, as well as accessories for power tools.

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Earnings History and Estimates for Richelieu Hardware (TSE:RCH)

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