RCM Technologies (RCMT) Set to Announce Quarterly Earnings on Thursday

RCM Technologies (NASDAQ:RCMT) is scheduled to issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.37 per share for the quarter.

RCM Technologies (NASDAQ:RCMT) last released its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The firm had revenue of $69.16 million for the quarter, compared to the consensus estimate of $69.90 million. RCM Technologies had a net margin of 6.19% and a return on equity of 67.39%. During the same quarter in the prior year, the firm earned $0.47 earnings per share. On average, analysts expect RCM Technologies to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

RCM Technologies Trading Up 1.9 %

RCM Technologies stock opened at $22.41 on Wednesday. The business has a 50-day simple moving average of $20.57 and a two-hundred day simple moving average of $19.89. The company has a market cap of $170.97 million, a P/E ratio of 10.88 and a beta of 0.63. RCM Technologies has a 52-week low of $17.11 and a 52-week high of $32.15. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.84.

Analysts Set New Price Targets

Separately, Benchmark reissued a “buy” rating and issued a $33.00 target price on shares of RCM Technologies in a report on Tuesday, August 13th.

RCM Technologies Company Profile

RCM Technologies, Inc provides business and technology solutions in the United States, Canada, Puerto Rico, and Europe. It operates through three segments: Engineering, Specialty Health Care, and Life Sciences 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.