National Bank Financial Weighs in on Richelieu Hardware Ltd.’s FY2018 Earnings (TSE:RCH)

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Richelieu Hardware Ltd. (TSE:RCH) – Research analysts at National Bank Financial reduced their FY2018 earnings per share (EPS) estimates for shares of Richelieu Hardware in a report released on Wednesday, November 28th, Zacks Investment Research reports. National Bank Financial analyst L. Aghazarian now forecasts that the company will post earnings per share of $1.21 for the year, down from their prior estimate of $1.22. National Bank Financial currently has a “Outperform” rating and a $33.00 target price on the stock. National Bank Financial also issued estimates for Richelieu Hardware’s Q4 2018 earnings at $0.36 EPS, FY2019 earnings at $1.37 EPS and FY2020 earnings at $1.49 EPS.

Richelieu Hardware (TSE:RCH) last posted its quarterly earnings data on Thursday, October 4th. The company reported C$0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.33 by C($0.01). The company had revenue of C$260.57 million for the quarter, compared to analyst estimates of C$270.00 million.

RCH stock opened at C$23.00 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.98 and a quick ratio of 1.77. Richelieu Hardware has a 12 month low of C$22.70 and a 12 month high of C$34.84.

In other news, Director Mathieu Gauvin acquired 3,000 shares of the stock in a transaction dated Friday, November 30th. The stock was bought at an average price of C$25.50 per share, with a total value of C$76,500.00.

About Richelieu Hardware

Richelieu Hardware Ltd. imports, distributes, and manufactures specialty hardware and complementary products in Canada and the United States. 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, and floor protection products.

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

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