Restoration Hardware (NYSE:RH) announced its quarterly earnings results on Wednesday. The company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.31, Briefing.com reports. Restoration Hardware had a net margin of 6.01% and a return on equity of 522.94%. The firm had revenue of $598.42 million during the quarter, compared to analyst estimates of $583.69 million. During the same period in the previous year, the business posted $1.33 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. Restoration Hardware updated its FY 2019 guidance to $8.76-9.27 EPS and its FY20 guidance to $8.76-9.27 EPS.
Shares of NYSE:RH opened at $94.89 on Thursday. The company has a current ratio of 0.74, a quick ratio of 0.16 and a debt-to-equity ratio of 26.22. Restoration Hardware has a 1-year low of $84.11 and a 1-year high of $162.10. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 0.90 and a beta of 1.64.
A number of research firms recently issued reports on RH. Wedbush reissued an “outperform” rating and issued a $160.00 price objective on shares of Restoration Hardware in a report on Monday, March 18th. ValuEngine downgraded shares of Restoration Hardware from a “hold” rating to a “sell” rating in a report on Monday, May 13th. Bank of America reissued an “underperform” rating and issued a $85.00 price objective on shares of Restoration Hardware in a report on Friday, March 29th. Deutsche Bank downgraded shares of Restoration Hardware from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $185.00 to $124.00 in a report on Friday, March 29th. Finally, Citigroup dropped their price objective on shares of Restoration Hardware from $200.00 to $157.00 and set a “buy” rating on the stock in a report on Monday, April 1st. Three analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $137.16.
About Restoration Hardware
RH, together with its subsidiaries, operates as a retailer in the home furnishings. It offers products in various categories, including furniture, lighting, textiles, bathware, 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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