Restoration Hardware (RH) Set to Announce Earnings on Tuesday

Restoration Hardware (NYSE:RH) is scheduled to be announcing its earnings results after the market closes on Tuesday, December 4th. Analysts expect the company to announce earnings of $1.27 per share for the quarter. Restoration Hardware has set its Q3 guidance at $1.15-1.33 EPS and its FY19 guidance at $7.35-7.75 EPS.

Restoration Hardware (NYSE:RH) last announced its earnings results on Tuesday, September 4th. The company reported $2.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.30. Restoration Hardware had a return on equity of 520.85% and a net margin of 4.29%. The business had revenue of $642.00 million during the quarter, compared to analysts’ expectations of $660.89 million. During the same quarter last year, the business posted $0.65 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. On average, analysts expect Restoration Hardware to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Shares of RH stock opened at $116.14 on Monday. Restoration Hardware has a fifty-two week low of $74.50 and a fifty-two week high of $164.49. The stock has a market cap of $2.51 billion, a P/E ratio of 38.08, a PEG ratio of 0.64 and a beta of 2.06. The company has a quick ratio of 0.17, a current ratio of 0.83 and a debt-to-equity ratio of 4.99.

In related news, CEO Gary G. Friedman bought 7,622 shares of Restoration Hardware stock in a transaction dated Thursday, September 13th. The stock was acquired at an average cost of $131.19 per share, with a total value of $999,930.18. Following the completion of the acquisition, the chief executive officer now directly owns 2,253,332 shares in the company, valued at approximately $295,614,625.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ali Rowghani sold 3,024 shares of the company’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $129.68, for a total value of $392,152.32. Following the sale, the director now directly owns 6,953 shares of the company’s stock, valued at $901,665.04. The disclosure for this sale can be found here. Corporate insiders own 29.70% of the company’s stock.

Several research analysts recently weighed in on RH shares. Zacks Investment Research cut Restoration Hardware from a “buy” rating to a “hold” rating in a research note on Friday, September 14th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $145.00 target price on shares of Restoration Hardware in a research note on Tuesday, November 27th. William Blair reaffirmed an “outperform” rating on shares of Restoration Hardware in a research note on Tuesday, August 14th. Stifel Nicolaus raised Restoration Hardware from a “hold” rating to a “buy” rating and raised their target price for the company from $142.00 to $150.00 in a research note on Friday, October 12th. Finally, Gordon Haskett raised Restoration Hardware from a “hold” rating to an “accumulate” rating and decreased their target price for the company from $135.00 to $58.00 in a research note on Tuesday, August 28th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $137.94.

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Restoration Hardware Company Profile

RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bath ware, décor, outdoor and garden, tableware, and child and teen furnishings. The company provides its products through its retail galleries; and Source Books, a series of catalogs, as well as online through rh.com, restorationhardware.com, rhbabyandchild.com, rhteen.com, and rhmodern.com, as well as waterworks.com.

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Earnings History for Restoration Hardware (NYSE:RH)

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