Richelieu Hardware Ltd. (TSE:RCH) – Equities researchers at National Bank Financial issued their Q1 2016 earnings estimates for shares of Richelieu Hardware in a report issued on Thursday, Zacks Investment Research reports. National Bank Financial analyst L. Aghazarian anticipates that the brokerage will post earnings of $0.57 per share for the quarter. National Bank Financial also issued estimates for Richelieu Hardware’s Q2 2016 earnings at $0.81 EPS, Q3 2016 earnings at $0.93 EPS, Q4 2016 earnings at $1.00 EPS and FY2017 earnings at $3.58 EPS.

A number of other brokerages also recently commented on RCH. Desjardins cut their price objective on shares of Richelieu Hardware from C$79.00 to C$75.00 and set a “buy” rating for the company in a research report on Friday, January 22nd. Scotiabank upped their price objective on shares of Richelieu Hardware from C$71.00 to C$76.00 and gave the stock an “outperform” rating in a research report on Friday, October 9th. Finally, upped their price objective on shares of Richelieu Hardware from C$70.00 to C$75.00 in a research report on Friday, October 9th.

Richelieu Hardware (TSE:RCH) opened at 65.12 on Monday. The firm’s 50-day moving average is $67.82 and its 200-day moving average is $68.26. Richelieu Hardware has a 52 week low of $48.00 and a 52 week high of $72.99. The stock has a market capitalization of $1.27 billion and a P/E ratio of 21.93.

In other news, Director Richard Lord sold 4,000 shares of the stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of C$68.74, for a total value of C$274,960.00. Also, Director Robert Courteau sold 5,000 shares of the stock in a transaction dated Thursday, November 26th. The shares were sold at an average price of C$71.19, for a total transaction of C$355,960.00.

Richelieu Hardware Ltd is an importer, distributor and manufacturer of specialty hardware and related products. The Company offers over 100,000 products (TSE:RCH) in a range of categories, including kitchen accessories, lighting systems, finishing and decorating products, functional hardware, ergonomic workstations, closet and kitchen storage solutions, sliding door systems, decorative and functional panels, high-pressure laminates, floor protection products, and window and door hardware. The Company also manufactures a range of veneer sheets and edge banding products through its subsidiary Cedan Industries Inc., and of components for the window and door industry and moldings through its subsidiary Menuiserie des Pins Ltee. Its customers include kitchen and bathroom cabinet manufacturers, kitchen designers, residential and commercial woodworkers, home furnishing manufacturers, office furniture and ready-to-assemble furniture manufacturers, renovation superstores and purchasing groups.

Get a free copy of the Zacks research report on Richelieu Hardware (RCH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Frustrated with your broker? Are you tired of paying high fees? Do you feel like you are getting ripped off by your stock broker? It's time for a change. Find out which brokerage is best for your personal trading style at the InvestorPlace Broker Center. Compare brokers at a glance in the InvestorPlace Broker Center (Click Here).

Receive News & Ratings for Richelieu Hardware Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Richelieu Hardware Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.