Restoration Hardware Holdings, Inc (NYSE:RH) Expected to Post Earnings of $1.54 Per Share

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Wall Street brokerages forecast that Restoration Hardware Holdings, Inc (NYSE:RH) will report earnings per share (EPS) of $1.54 for the current fiscal quarter, according to Zacks. Nine analysts have made estimates for Restoration Hardware’s earnings, with the lowest EPS estimate coming in at $1.46 and the highest estimate coming in at $1.58. Restoration Hardware reported earnings of $1.33 per share during the same quarter last year, which would suggest a positive year over year growth rate of 15.8%. The firm is scheduled to issue its next earnings report after the market closes on Wednesday, June 12th.

According to Zacks, analysts expect that Restoration Hardware will report full year earnings of $8.33 per share for the current financial year, with EPS estimates ranging from $7.65 to $8.67. For the next financial year, analysts expect that the business will report earnings of $9.50 per share, with EPS estimates ranging from $7.41 to $11.02. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Restoration Hardware.

Restoration Hardware (NYSE:RH) last posted its earnings results on Thursday, March 28th. The company reported $3.00 EPS for the quarter, topping the consensus estimate of $2.83 by $0.17. The firm had revenue of $671.00 million for the quarter, compared to analyst estimates of $686.44 million. Restoration Hardware had a return on equity of 522.94% and a net margin of 6.01%. Restoration Hardware’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the company earned $1.69 earnings per share.

RH has been the topic of several analyst reports. Wedbush reaffirmed an “outperform” rating and set a $160.00 target price on shares of Restoration Hardware in a report on Monday, March 18th. ValuEngine lowered Restoration Hardware from a “hold” rating to a “sell” rating in a report on Monday, May 13th. Bank of America reissued an “underperform” rating and issued a $85.00 price objective on shares of Restoration Hardware in a report on Friday, March 29th. Deutsche Bank lowered Restoration Hardware from a “buy” rating to a “hold” rating and dropped their price objective for the company from $185.00 to $124.00 in a report on Friday, March 29th. Finally, Citigroup dropped their price objective on Restoration Hardware from $200.00 to $157.00 and set a “buy” rating on the stock in a report on Monday, April 1st. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. Restoration Hardware currently has an average rating of “Hold” and an average price target of $142.75.

Restoration Hardware stock traded up $1.64 during midday trading on Wednesday, hitting $94.89. 1,443,045 shares of the company were exchanged, compared to its average volume of 1,101,168. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 11.11, a price-to-earnings-growth ratio of 0.85 and a beta of 1.64. Restoration Hardware has a fifty-two week low of $84.11 and a fifty-two week high of $162.10. The company has a quick ratio of 0.16, a current ratio of 0.74 and a debt-to-equity ratio of 26.22.

A hedge fund recently bought a new stake in Restoration Hardware stock. Hodges Capital Management Inc. purchased a new position in Restoration Hardware Holdings, Inc (NYSE:RH) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,807 shares of the company’s stock, valued at approximately $456,000.

About Restoration Hardware

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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