What is Northland Securities’ Forecast for RELL Q1 Earnings?

Richardson Electronics, Ltd. (NASDAQ:RELL) – Stock analysts at Northland Securities reduced their Q1 2027 earnings per share (EPS) estimates for shares of Richardson Electronics in a research report issued on Tuesday, July 28th. Northland Securities analyst B. Brooks now expects that the technology company will earn $0.09 per share for the quarter, down from their prior forecast of $0.11. Northland Securities currently has a “Outperform” rating and a $24.00 target price on the stock. The consensus estimate for Richardson Electronics’ current full-year earnings is $0.39 per share. Northland Securities also issued estimates for Richardson Electronics’ Q2 2027 earnings at $0.11 EPS, Q3 2027 earnings at $0.15 EPS, Q1 2028 earnings at $0.16 EPS and Q2 2028 earnings at $0.19 EPS.

Several other equities analysts have also weighed in on the company. Zacks Research raised Richardson Electronics from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Richardson Electronics in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $24.00.

Richardson Electronics Price Performance

Shares of NASDAQ:RELL opened at $18.76 on Wednesday. The firm has a market capitalization of $273.09 million, a PE ratio of 42.64, a P/E/G ratio of 1.90 and a beta of 1.26. The business has a 50-day moving average of $17.52 and a two-hundred day moving average of $14.30. Richardson Electronics has a 12 month low of $9.37 and a 12 month high of $23.15.

Richardson Electronics (NASDAQ:RELL) last issued its earnings results on Wednesday, July 22nd. The technology company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.14. Richardson Electronics had a return on equity of 3.57% and a net margin of 2.79%.The firm had revenue of $66.20 million for the quarter, compared to analysts’ expectations of $55.37 million.

Institutional Investors Weigh In On Richardson Electronics

Hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its position in Richardson Electronics by 298.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,160 shares of the technology company’s stock worth $40,000 after acquiring an additional 3,117 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Richardson Electronics in the second quarter valued at approximately $57,000. Los Angeles Capital Management LLC acquired a new stake in Richardson Electronics in the fourth quarter valued at approximately $91,000. Engineers Gate Manager LP purchased a new stake in shares of Richardson Electronics during the second quarter valued at approximately $103,000. Finally, Deutsche Bank AG raised its stake in shares of Richardson Electronics by 150.3% during the fourth quarter. Deutsche Bank AG now owns 11,421 shares of the technology company’s stock valued at $124,000 after purchasing an additional 6,858 shares during the period. 71.95% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Kenneth Halverson sold 10,000 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $14.69, for a total value of $146,900.00. Following the completion of the sale, the director directly owned 14,345 shares in the company, valued at approximately $210,728.05. This represents a 41.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kathleen Mcnally sold 6,636 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $16.85, for a total value of $111,816.60. Following the completion of the transaction, the executive vice president directly owned 45,719 shares in the company, valued at $770,365.15. This trade represents a 12.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 33.40% of the stock is currently owned by corporate insiders.

Richardson Electronics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Friday, August 7th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 7th. Richardson Electronics’s dividend payout ratio is 54.55%.

Richardson Electronics Company Profile

Richardson Electronics, Ltd. (NASDAQ:RELL) is a global manufacturer, distributor and servicer of engineered components and subsystems for a diverse range of industrial, medical and scientific applications. The company specializes in vacuum electron devices, high-voltage power supplies and related electronic components, offering klystrons, traveling wave tubes, magnetrons, X-ray tubes, microwave amplifiers and power conversion products. Its solutions support customers in power grid management, semiconductor processing, medical imaging, scientific instrumentation and telecommunications.

In addition to its manufacturing capabilities, Richardson Electronics maintains a broad distribution network comprising thousands of standard and custom parts.