Brokerages Anticipate R C M Technologies Inc (NASDAQ:RCMT) to Post $0.15 EPS

Shares of R C M Technologies Inc (NASDAQ:RCMT) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokerages have set a one year consensus price objective of $6.50 for the company and are expecting that the company will post $0.15 earnings per share for the current quarter, according to Zacks. Zacks has also given R C M Technologies an industry rank of 203 out of 255 based on the ratings given to its competitors.

A number of brokerages have weighed in on RCMT. Zacks Investment Research lowered R C M Technologies from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. B. Riley reaffirmed a “buy” rating and issued a $6.00 price objective on shares of R C M Technologies in a report on Friday, September 13th. Finally, ValuEngine raised R C M Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.

An institutional investor recently raised its position in R C M Technologies stock. Bourgeon Capital Management LLC grew its stake in shares of R C M Technologies Inc (NASDAQ:RCMT) by 2.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 192,218 shares of the business services provider’s stock after acquiring an additional 4,290 shares during the period. Bourgeon Capital Management LLC owned about 1.51% of R C M Technologies worth $769,000 at the end of the most recent reporting period. 26.01% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ RCMT traded down $0.08 during mid-day trading on Friday, hitting $2.93. The company had a trading volume of 50,000 shares, compared to its average volume of 6,132. The company has a market capitalization of $39.77 million, a PE ratio of 9.45 and a beta of 1.03. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.93 and a quick ratio of 2.93. R C M Technologies has a 1-year low of $2.54 and a 1-year high of $4.82. The business’s 50-day simple moving average is $2.98 and its 200 day simple moving average is $3.31.

R C M Technologies (NASDAQ:RCMT) last announced its quarterly earnings data on Wednesday, November 6th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.02). R C M Technologies had a net margin of 2.00% and a return on equity of 14.34%. The company had revenue of $40.25 million during the quarter, compared to analyst estimates of $43.80 million. On average, analysts expect that R C M Technologies will post 0.41 EPS for the current year.

R C M Technologies Company Profile

RCM Technologies, Inc provides business and technology solutions in the United States, Canada, Puerto Rico, and Serbia. It operates through three segments: Engineering, Specialty Health Care, and Information Technology. The Engineering segment offers a range of engineering services, including project management engineering and design, engineering analysis, engineer-procure-construct, configuration management, hardware/software validation and verification, quality assurance, technical writing and publications, manufacturing process planning and improvement, and 3D/BIM integrated design.

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