Restoration Hardware Holdings Inc. (RH) Releases FY18 Earnings Guidance

Restoration Hardware Holdings Inc. (NYSE:RH) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share guidance of $2.43-2.67 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.09. The company issued revenue guidance of $2.42-2.46 billion, compared to the consensus revenue estimate of $2.44 billion.Restoration Hardware Holdings also updated its Q3 guidance to $0.68-0.80 EPS.

Shares of Restoration Hardware Holdings Inc. (RH) traded down 0.22% during mid-day trading on Wednesday, reaching $71.00. 2,238,466 shares of the company’s stock traded hands. The firm’s 50-day moving average is $56.60 and its 200 day moving average is $52.44. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 185.86 and a beta of 1.53. Restoration Hardware Holdings Inc. has a one year low of $24.41 and a one year high of $79.91.

Restoration Hardware Holdings (NYSE:RH) last issued its earnings results on Wednesday, September 6th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.18. The firm had revenue of $615.30 million during the quarter, compared to analyst estimates of $606.38 million. During the same period in the previous year, the company earned $0.44 earnings per share. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. Analysts predict that Restoration Hardware Holdings Inc. will post $2.55 earnings per share for the current year.

Several research firms have recently issued reports on RH. Loop Capital reiterated a hold rating and set a $55.00 price target on shares of Restoration Hardware Holdings in a research note on Friday, September 8th. Piper Jaffray Companies upped their price target on Restoration Hardware Holdings from $43.00 to $71.00 and gave the stock a neutral rating in a research note on Thursday, September 7th. Cowen and Company restated a market perform rating and set a $61.00 target price (up previously from $44.00) on shares of Restoration Hardware Holdings in a research note on Thursday, September 7th. Oppenheimer Holdings, Inc. restated a hold rating on shares of Restoration Hardware Holdings in a research note on Thursday, September 7th. Finally, Bank of America Corporation increased their target price on Restoration Hardware Holdings from $44.00 to $50.00 and gave the company a buy rating in a research note on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. Restoration Hardware Holdings presently has an average rating of Hold and a consensus price target of $59.55.

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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.

Earnings History and Estimates for Restoration Hardware Holdings (NYSE:RH)

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