Zacks: Analysts Expect Restoration Hardware Holdings Inc. (RH) Will Announce Earnings of $0.47 Per Share

Equities research analysts expect Restoration Hardware Holdings Inc. (NYSE:RH) to post $0.47 earnings per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Restoration Hardware Holdings’ earnings. The highest EPS estimate is $0.75 and the lowest is $0.40. Restoration Hardware Holdings reported earnings of $0.38 per share in the same quarter last year, which would suggest a positive year over year growth rate of 23.7%. The business is expected to announce its next quarterly earnings report on Thursday, September 14th.

On average, analysts expect that Restoration Hardware Holdings will report full-year earnings of $1.80 per share for the current financial year, with EPS estimates ranging from $1.70 to $1.92. For the next financial year, analysts expect that the business will report earnings of $2.54 per share, with EPS estimates ranging from $2.10 to $4.23. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Restoration Hardware Holdings.

Restoration Hardware Holdings (NYSE:RH) last announced its earnings results on Thursday, June 1st. The company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. The firm had revenue of $562.10 million for the quarter, compared to analysts’ expectations of $560.30 million. Restoration Hardware Holdings had a return on equity of 6.42% and a net margin of 0.66%. Restoration Hardware Holdings’s quarterly revenue was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.05) EPS.

RH has been the topic of several recent research reports. Vetr lowered shares of Restoration Hardware Holdings from a “strong-buy” rating to a “buy” rating and set a $35.67 price target on the stock. in a research report on Monday, March 6th. Guggenheim restated a “buy” rating and issued a $30.00 price target (down previously from $45.00) on shares of Restoration Hardware Holdings in a research report on Friday, February 24th. Zacks Investment Research upgraded shares of Restoration Hardware Holdings from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Thursday, February 23rd. Citigroup Inc. initiated coverage on shares of Restoration Hardware Holdings in a research report on Friday, April 28th. They issued a “buy” rating and a $56.00 price target on the stock. Finally, Bank of America Corporation restated a “buy” rating and issued a $64.00 price target (up previously from $48.00) on shares of Restoration Hardware Holdings in a research report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $46.03.

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Shares of Restoration Hardware Holdings (NYSE RH) traded down 0.21% during midday trading on Friday, reaching $52.45. The company’s stock had a trading volume of 3,050,787 shares. Restoration Hardware Holdings has a 12 month low of $24.41 and a 12 month high of $60.11. The stock’s 50 day moving average is $53.80 and its 200 day moving average is $39.27. The stock has a market capitalization of $1.74 billion, a PE ratio of 137.30 and a beta of 1.49.

Large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio raised its stake in shares of Restoration Hardware Holdings by 12.6% in the first quarter. Public Employees Retirement System of Ohio now owns 2,286 shares of the company’s stock worth $106,000 after buying an additional 255 shares during the period. Teachers Retirement System of The State of Kentucky raised its stake in shares of Restoration Hardware Holdings by 24.3% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 11,440 shares of the company’s stock worth $529,000 after buying an additional 2,240 shares during the period. HighTower Advisors LLC bought a new stake in shares of Restoration Hardware Holdings during the first quarter worth about $204,000. Credit Suisse AG bought a new stake in shares of Restoration Hardware Holdings during the first quarter worth about $15,995,000. Finally, Tudor Investment Corp ET AL bought a new stake in shares of Restoration Hardware Holdings during the first quarter worth about $327,000.

Restoration Hardware Holdings Company Profile

RH, formerly Restoration Hardware Holdings, Inc, is a retailer in the home furnishings marketplace. As of January 28, 2017, the Company had two segments: RH Segment and Waterworks. It offers merchandise assortments across a range of categories, including furniture, lighting, textiles, bathware, decor, outdoor and garden, tableware, and child and teen furnishings.

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