RCI Hospitality Holdings (RICK) Expected to Post Earnings of $0.51 Per Share

Equities analysts expect RCI Hospitality Holdings (NASDAQ:RICK) to announce $0.51 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for RCI Hospitality’s earnings, with the highest EPS estimate coming in at $0.51 and the lowest estimate coming in at $0.50. RCI Hospitality reported earnings per share of $0.41 in the same quarter last year, which indicates a positive year over year growth rate of 24.4%. The business is scheduled to announce its next quarterly earnings results on Tuesday, May 8th.

According to Zacks, analysts expect that RCI Hospitality will report full-year earnings of $2.01 per share for the current financial year, with EPS estimates ranging from $1.96 to $2.05. For the next fiscal year, analysts expect that the company will report earnings of $2.37 per share, with EPS estimates ranging from $2.29 to $2.44. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover RCI Hospitality.

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RCI Hospitality (NASDAQ:RICK) last announced its quarterly earnings data on Wednesday, March 7th. The restaurant operator reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.09. RCI Hospitality had a return on equity of 12.26% and a net margin of 12.91%. The firm had revenue of $41.21 million during the quarter, compared to the consensus estimate of $41.24 million.

Several analysts have weighed in on the company. TheStreet downgraded RCI Hospitality from a “b” rating to a “c+” rating in a research report on Monday, March 26th. ValuEngine upgraded RCI Hospitality from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Westpark Capital set a $34.00 price objective on RCI Hospitality and gave the company a “buy” rating in a research report on Thursday. BidaskClub downgraded RCI Hospitality from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, Zacks Investment Research upgraded RCI Hospitality from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Wednesday, January 24th. Four investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus price target of $34.00.

RICK stock traded up $0.77 during midday trading on Monday, hitting $28.55. The company had a trading volume of 24,414 shares, compared to its average volume of 47,117. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.89 and a current ratio of 0.98. RCI Hospitality has a 52 week low of $16.32 and a 52 week high of $33.78. The company has a market capitalization of $269.97, a P/E ratio of 19.50 and a beta of 0.39.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 26th. Shareholders of record on Monday, March 12th were given a $0.03 dividend. The ex-dividend date of this dividend was Friday, March 9th. This represents a $0.12 annualized dividend and a yield of 0.42%. RCI Hospitality’s payout ratio is currently 8.39%.

A number of hedge funds have recently made changes to their positions in the business. State Street Corp bought a new position in shares of RCI Hospitality during the second quarter valued at approximately $2,508,000. The Manufacturers Life Insurance Company raised its holdings in shares of RCI Hospitality by 1,244.9% during the second quarter. The Manufacturers Life Insurance Company now owns 8,769 shares of the restaurant operator’s stock valued at $210,000 after acquiring an additional 8,117 shares in the last quarter. California State Teachers Retirement System bought a new position in shares of RCI Hospitality during the second quarter valued at approximately $384,000. Sei Investments Co. raised its holdings in shares of RCI Hospitality by 38.4% during the third quarter. Sei Investments Co. now owns 11,284 shares of the restaurant operator’s stock valued at $279,000 after acquiring an additional 3,131 shares in the last quarter. Finally, Rhumbline Advisers bought a new position in shares of RCI Hospitality during the third quarter valued at approximately $207,000. Hedge funds and other institutional investors own 50.49% of the company’s stock.

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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 two segments, Nightclubs and Bombshells. The company owns 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, Foxy's Cabaret, Vivid Cabaret, Downtown Cabaret, Temptations Adult Cabaret, Scarlett's Cabaret, Silver City Cabaret, Cabaret East, and The Seville brands.

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