RF Industries (NASDAQ:RFIL) Releases Earnings Results, Beats Expectations By $0.05 EPS

RF Industries (NASDAQ:RFIL) issued its quarterly earnings data on Sunday. The electronics maker reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.05, Fidelity Earnings reports. RF Industries had a net margin of 10.96% and a negative return on equity of 0.42%.

RF Industries stock opened at $8.88 on Tuesday. The company has a market capitalization of $88.94 million, a price-to-earnings ratio of 19.73 and a beta of 1.10. RF Industries has a 12 month low of $4.11 and a 12 month high of $9.63. The business’s fifty day simple moving average is $8.47 and its two-hundred day simple moving average is $7.41.

Several research firms recently weighed in on RFIL. B. Riley upped their price target on RF Industries from $6.75 to $9.00 and gave the stock a “buy” rating in a research note on Wednesday, June 2nd. Zacks Investment Research lowered shares of RF Industries from a “buy” rating to a “hold” rating in a research note on Friday, July 30th.

In other RF Industries news, Director Mark Keith Holdsworth bought 53,818 shares of the business’s stock in a transaction on Wednesday, June 16th. The shares were acquired at an average cost of $7.38 per share, for a total transaction of $397,176.84. Following the purchase, the director now owns 5,174 shares in the company, valued at approximately $38,184.12. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Edward Joseph Benoit sold 8,827 shares of the stock in a transaction on Wednesday, June 23rd. The shares were sold at an average price of $8.00, for a total value of $70,616.00. Following the sale, the director now directly owns 53,567 shares in the company, valued at $428,536. The disclosure for this sale can be found here. 10.20% of the stock is currently owned by insiders.

About RF Industries

RF Industries Ltd. engages in the manufacture and market of interconnect products and systems. It operates through the RF Connector and Cable Assembly; and Custom Cabling Manufacturing and Assembly segments. The RF Connector and Cable Assembly segment designs, manufactures, markets and distributes a broad range of connector and cable products, including coaxial connectors and cable assemblies that are integrated with coaxial connectors, used in telecommunications, information technology, OEM markets, and other end markets.

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Earnings History for RF Industries (NASDAQ:RFIL)

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