Richardson Electronics (NASDAQ:RELL – Get Free Report) released its quarterly earnings data on Wednesday. The technology company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.05, Yahoo Finance reports. Richardson Electronics had a negative return on equity of 0.24% and a negative net margin of 0.40%. The company had revenue of $53.73 million for the quarter, compared to analyst estimates of $49.45 million. During the same period in the prior year, the company posted $0.09 EPS.
Richardson Electronics Price Performance
NASDAQ RELL opened at $12.58 on Friday. The firm has a market cap of $180.90 million, a PE ratio of -251.60, a price-to-earnings-growth ratio of 1.96 and a beta of 0.96. Richardson Electronics has a one year low of $8.08 and a one year high of $14.30. The stock’s 50 day simple moving average is $11.82 and its 200 day simple moving average is $11.22.
Richardson Electronics Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Friday, August 9th were given a dividend of $0.06 per share. The ex-dividend date was Friday, August 9th. This represents a $0.24 dividend on an annualized basis and a yield of 1.91%. Richardson Electronics’s dividend payout ratio (DPR) is presently -480.00%.
Analysts Set New Price Targets
View Our Latest Analysis on Richardson Electronics
About Richardson Electronics
Richardson Electronics, Ltd. provides engineered solutions, power grid and microwave tube, and related consumables worldwide. The Power and Microwave Technologies segment manufactures electron tubes and RF, Microwave and power components for semiconductors; and manufacturing equipment, RF and wireless and industrial power applications, as well as various applications including broadcast transmission, CO2 laser cutting, diagnostic imaging, dielectric and induction heating, energy transfer, high voltage switching, plasma, power conversion, radar, and radiation oncology.
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