RCI Hospitality (RICK) Issues Quarterly Earnings Results

RCI Hospitality (NASDAQ:RICK) issued its earnings results on Monday. The restaurant operator reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.05), Yahoo Finance reports. RCI Hospitality had a return on equity of 13.85% and a net margin of 13.48%. The company had revenue of $40.68 million for the quarter, compared to analyst estimates of $40.96 million.

RICK traded up $1.68 on Tuesday, hitting $22.33. 84,481 shares of the company were exchanged, compared to its average volume of 62,138. The company has a current ratio of 1.24, a quick ratio of 1.14 and a debt-to-equity ratio of 0.75. RCI Hospitality has a fifty-two week low of $18.50 and a fifty-two week high of $34.84. The firm has a market capitalization of $200.68 million, a P/E ratio of 15.62 and a beta of 0.93.

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 26th. Shareholders of record on Monday, December 10th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, December 7th. This represents a $0.12 annualized dividend and a yield of 0.54%. RCI Hospitality’s payout ratio is currently 8.39%.

Several research analysts have weighed in on the stock. ValuEngine lowered shares of RCI Hospitality from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 11th. BidaskClub lowered shares of RCI Hospitality from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 1st. Westpark Capital set a $34.00 target price on shares of RCI Hospitality and gave the stock a “buy” rating in a research report on Wednesday, October 17th. Finally, Zacks Investment Research lowered shares of RCI Hospitality from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. RCI Hospitality currently has an average rating of “Hold” and an average target price of $36.00.

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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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Earnings History for RCI Hospitality (NASDAQ:RICK)

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