RCI Hospitality (NASDAQ:RICK) Issues Quarterly Earnings Results

RCI Hospitality (NASDAQ:RICK) posted its quarterly earnings results on Monday. The restaurant operator reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.34), Zacks reports. RCI Hospitality had a net margin of 1.67% and a return on equity of 1.76%.

RCI Hospitality Stock Up 0.1 %

RCI Hospitality stock traded up $0.04 during mid-day trading on Monday, hitting $52.13. The company’s stock had a trading volume of 169,935 shares, compared to its average volume of 77,791. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.90 and a quick ratio of 0.82. RCI Hospitality has a 52-week low of $37.61 and a 52-week high of $68.26. The firm’s 50 day moving average is $47.64 and its 200 day moving average is $45.60. The company has a market cap of $469.17 million, a PE ratio of 100.25 and a beta of 1.60.

RCI Hospitality Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.54%. The ex-dividend date is Monday, December 16th. RCI Hospitality’s payout ratio is 53.85%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. StockNews.com raised RCI Hospitality from a “hold” rating to a “buy” rating in a research report on Monday, October 7th. HC Wainwright reissued a “buy” rating and issued a $98.00 price target on shares of RCI Hospitality in a research note on Wednesday, November 6th.

RCI Hospitality Company Profile

RCI Hospitality Holdings, Inc, through its subsidiaries, engages in the hospitality and related businesses in the United States. It operates in Nightclubs, Bombshells, and Media Group segments. The company’s wholly-owned subsidiaries own and/or operates upscale adult nightclubs serving primarily businessmen and professionals under the Rick's Cabaret, Jaguars Club, Tootsie's Cabaret, XTC Cabaret, Club Onyx, Hoops Cabaret and Sports Bar, Scarlett's Cabaret, Temptations Adult Cabaret, Foxy's Cabaret, Vivid Cabaret, Downtown Cabaret, Cabaret East, The Seville, Silver City Cabaret, and Kappa Men's Club.