Richardson Electronics (NASDAQ:RELL) Issues Earnings Results, Misses Estimates By $0.03 EPS

Richardson Electronics (NASDAQ:RELL) posted its quarterly earnings results on Tuesday. The technology company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.03), Zacks reports. Richardson Electronics had a negative net margin of 0.40% and a negative return on equity of 0.24%.

Richardson Electronics Trading Down 12.8 %

Shares of NASDAQ:RELL opened at $12.86 on Thursday. The company has a market capitalization of $184.94 million, a PE ratio of -257.20, a PEG ratio of 1.74 and a beta of 0.95. The business has a 50 day moving average of $14.16 and a two-hundred day moving average of $12.82. Richardson Electronics has a 12-month low of $8.08 and a 12-month high of $15.51.

Richardson Electronics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Friday, February 7th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Friday, February 7th. Richardson Electronics’s dividend payout ratio is currently -480.00%.

Insider Activity

In other news, Director James Benham acquired 4,500 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were bought at an average cost of $13.29 per share, with a total value of $59,805.00. Following the purchase, the director now owns 13,706 shares of the company’s stock, valued at $182,152.74. This represents a 48.88 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 32.84% of the company’s stock.

About Richardson Electronics

Richardson Electronics, Ltd. engages in the provision of engineered solutions, power grid and microwave tube, and related consumables worldwide. The Power and Microwave Technologies segment manufactures electron tubes and radio frequency (RF), microwave and power components used in semiconductor 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.