Analysts Expect RCI Hospitality Holdings Inc (NASDAQ:RICK) to Post $0.44 Earnings Per Share

Wall Street brokerages expect that RCI Hospitality Holdings Inc (NASDAQ:RICK) will post $0.44 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for RCI Hospitality’s earnings. The highest EPS estimate is $0.45 and the lowest is $0.43. RCI Hospitality posted earnings of $0.41 per share during the same quarter last year, which indicates a positive year over year growth rate of 7.3%. The business is scheduled to report its next quarterly earnings report on Monday, December 30th.

According to Zacks, analysts expect that RCI Hospitality will report full-year earnings of $2.38 per share for the current fiscal year, with EPS estimates ranging from $2.23 to $2.52. For the next financial year, analysts expect that the firm will post earnings of $2.59 per share, with EPS estimates ranging from $2.56 to $2.61. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for RCI Hospitality.

RCI Hospitality (NASDAQ:RICK) last announced its quarterly earnings data on Friday, August 9th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.59. RCI Hospitality had a net margin of 9.09% and a return on equity of 13.51%. The firm had revenue of $47.03 million during the quarter, compared to analyst estimates of $46.50 million.

A number of equities analysts have recently issued reports on the stock. TheStreet upgraded shares of RCI Hospitality from a “c+” rating to a “b-” rating in a research report on Friday, October 11th. Zacks Investment Research lowered shares of RCI Hospitality from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. Finally, ValuEngine lowered shares of RCI Hospitality from a “hold” rating to a “sell” rating in a research report on Friday, November 1st.

Shares of RICK traded down $0.21 during mid-day trading on Friday, reaching $19.57. The stock had a trading volume of 42,800 shares, compared to its average volume of 64,192. The firm has a market cap of $195.89 million, a price-to-earnings ratio of 8.98, a P/E/G ratio of 0.53 and a beta of 1.07. RCI Hospitality has a 52-week low of $12.50 and a 52-week high of $26.58. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.81 and a quick ratio of 0.72. The business’s fifty day moving average is $19.43 and its 200 day moving average is $18.29.

Several institutional investors and hedge funds have recently made changes to their positions in the company. First Trust Advisors LP increased its position in RCI Hospitality by 15.0% during the 3rd quarter. First Trust Advisors LP now owns 18,762 shares of the restaurant operator’s stock worth $388,000 after purchasing an additional 2,443 shares in the last quarter. Mackay Shields LLC purchased a new stake in RCI Hospitality during the 3rd quarter worth about $835,000. Russell Investments Group Ltd. purchased a new stake in RCI Hospitality during the 3rd quarter worth about $219,000. California Public Employees Retirement System increased its position in RCI Hospitality by 5.7% during the 3rd quarter. California Public Employees Retirement System now owns 35,500 shares of the restaurant operator’s stock worth $734,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Rhumbline Advisers increased its position in RCI Hospitality by 9.0% during the 3rd quarter. Rhumbline Advisers now owns 14,348 shares of the restaurant operator’s stock worth $297,000 after purchasing an additional 1,185 shares in the last quarter. Institutional investors and hedge funds own 46.71% of the company’s stock.

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 Nightclubs, Bombshells, and Media Group segments. 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, Scarlett's Cabaret, Temptations Adult Cabaret, Foxy's Cabaret, Vivid Cabaret, Downtown Cabaret, Cabaret East, The Seville, Silver City Cabaret, and Kappa Men's Club.

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