Richelieu Hardware Ltd reports results for the quarter ended May 31 - Earnings Summary

• Richelieu Hardware Ltd RCH reported quarterly adjusted earnings of 41 cents​​ per share for the quarter ended May 31, lower than the same quarter last year, when the company reported EPS of 42 cents. The mean expectation of two analysts for the quarter was for earnings of 42 cents per share. Wall Street expected results

• Revenue rose 6.4% to C$512.20 million from a year ago; analysts expected C$515.55 million.

• Richelieu Hardware Ltd's reported EPS for the quarter was 41 cents​.

• The company reported quarterly net income of C$22.5 million.

• Richelieu Hardware Ltd shares had risen by 0.3% this quarter and lost 6.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 14.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the construction supplies & fixtures peer group is "buy."

• Wall Street's median 12-month price target for Richelieu Hardware Ltd is C$37.50, about 2.1% above its last closing price of C$36.70

This summary was machine generated from LSEG data July 10 at 03:49 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)