RH (NYSE:RH – Get Free Report) will be posting its quarterly earnings results after the market closes on Thursday, September 12th. Analysts expect RH to post earnings of $1.54 per share for the quarter. RH has set its FY 2024 guidance at EPS and its Q2 2024 guidance at EPS.
RH (NYSE:RH – Get Free Report) last posted its quarterly earnings results on Thursday, June 13th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.32). RH had a negative return on equity of 29.15% and a net margin of 2.72%. The company had revenue of $726.96 million for the quarter, compared to analyst estimates of $725.15 million. During the same quarter in the prior year, the business posted $2.21 earnings per share. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, analysts expect RH to post $8 EPS for the current fiscal year and $14 EPS for the next fiscal year.
RH Stock Up 1.7 %
RH stock opened at $249.79 on Friday. RH has a 12 month low of $207.26 and a 12 month high of $384.41. The stock has a market cap of $4.61 billion, a P/E ratio of 69.19, a P/E/G ratio of 1.00 and a beta of 2.42. The company’s fifty day simple moving average is $261.23 and its 200-day simple moving average is $266.41.
Wall Street Analysts Forecast Growth
Insider Activity at RH
In other RH news, CEO Gary G. Friedman acquired 34,200 shares of the company’s stock in a transaction dated Tuesday, June 25th. The stock was bought at an average price of $215.00 per share, for a total transaction of $7,353,000.00. Following the purchase, the chief executive officer now owns 3,339,263 shares in the company, valued at approximately $717,941,545. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 28.10% of the stock is currently owned by corporate insiders.
About RH
RH, together with its subsidiaries, operates as a retailer in the home furnishings market. The company offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, baby, child, and teen furnishings. It provides its products through rh.com, rhbabyandchild.com, rhteen.com, rhmodern.com, and waterworks.com online channels, as well as operates RH Galleries, RH outlet stores, RH Guesthouse, and Waterworks showrooms in the United States, Canada, the United Kingdom, and Germany.
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