Ricardo plc (RCDO) Posts Earnings Results, Beats Expectations By $0.50 EPS
Ricardo plc (LON:RCDO) issued its quarterly earnings data on Thursday. The company reported GBX 55.70 ($0.72) EPS for the quarter, topping analysts’ consensus estimates of GBX 55.20 ($0.71) by GBX 0.50 ($0.01), Bloomberg Earnings reports. Ricardo plc had a net margin of 5.63% and a return on equity of 13.51%. The business had revenue of GBX 3,521 billion for the quarter.
Shares of Ricardo plc (LON RCDO) opened at 754.00 on Thursday. The firm’s market capitalization is GBX 398.87 million. The firm has a 50-day moving average of GBX 734.33 and a 200 day moving average of GBX 824.12. Ricardo plc has a 52 week low of GBX 691.00 and a 52 week high of GBX 1,040.00.
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A number of equities research analysts recently commented on the stock. Liberum Capital restated a “buy” rating and set a GBX 875 ($11.30) price objective on shares of Ricardo plc in a report on Thursday. Peel Hunt restated an “add” rating and set a GBX 855 ($11.04) price objective on shares of Ricardo plc in a report on Thursday. Jefferies Group LLC assumed coverage on shares of Ricardo plc in a report on Monday. They set a “buy” rating and a GBX 1,043 ($13.47) price objective on the stock. Finally, Berenberg Bank restated a “hold” rating on shares of Ricardo plc in a report on Wednesday, September 6th.
Ricardo plc Company Profile
Ricardo plc is a holding company engaged in engineering and strategic, technical and environmental consultancy business. The Company’s operating segments include Technical Consulting and Performance Products. Its Technical Consulting segment is engaged in the delivery of engineering programs and technology projects, together with environmental and management consultancy services.
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