RCM Technologies (RCMT) to Release Earnings on Wednesday

RCM Technologies (NASDAQ:RCMT) will be announcing its earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.50 per share for the quarter.

RCM Technologies (NASDAQ:RCMT) last announced its quarterly earnings data on Wednesday, May 8th. The business services provider reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. The company had revenue of $71.94 million for the quarter, compared to analysts’ expectations of $72.27 million. RCM Technologies had a return on equity of 74.07% and a net margin of 6.32%. On average, analysts expect RCM Technologies to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

RCM Technologies Price Performance

RCMT traded up $0.67 during midday trading on Tuesday, hitting $18.88. The stock had a trading volume of 8,520 shares, compared to its average volume of 70,601. The company has a market cap of $146.32 million, a P/E ratio of 9.02 and a beta of 0.64. RCM Technologies has a 1 year low of $14.40 and a 1 year high of $32.15. The business has a fifty day moving average of $19.26 and a 200 day moving average of $22.33. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.43 and a current ratio of 1.43.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on RCMT shares. Benchmark restated a “buy” rating and set a $33.00 price target on shares of RCM Technologies in a research report on Wednesday, May 15th. StockNews.com raised RCM Technologies from a “hold” rating to a “buy” rating in a research note on Friday, April 12th.

About RCM Technologies

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.