Ricardo (LON:RCDO) Announces Quarterly Earnings Results

Ricardo (LON:RCDO) issued its quarterly earnings data on Wednesday. The company reported GBX 4.70 ($0.06) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Ricardo had a net margin of 0.15% and a return on equity of 0.42%.

Ricardo Stock Performance

Shares of RCDO traded up GBX 2.55 ($0.03) during trading hours on Wednesday, reaching GBX 232.55 ($2.97). 173,018 shares of the company’s stock traded hands, compared to its average volume of 731,514. The firm has a market capitalization of £143.25 million, a price-to-earnings ratio of 204.78 and a beta of 0.58. The company has a debt-to-equity ratio of 79.36, a current ratio of 1.86 and a quick ratio of 1.57. Ricardo has a twelve month low of GBX 206 ($2.64) and a twelve month high of GBX 536.22 ($6.86). The business’s fifty day simple moving average is GBX 317.95 and its two-hundred day simple moving average is GBX 397.40.

Wall Street Analysts Forecast Growth

RCDO has been the subject of several research analyst reports. Shore Capital upgraded Ricardo to a “hold” rating in a research note on Friday, February 7th. Berenberg Bank restated a “buy” rating and set a GBX 730 ($9.34) price objective on shares of Ricardo in a research note on Tuesday, December 17th.

Ricardo Company Profile

Ricardo plc is a global strategic, environmental, and engineering consulting company, listed on the London Stock Exchange. With over 100 years of engineering excellence and close to 3,000 employees in more than 20 countries, we provide exceptional levels of expertise in delivering innovative cross-sector sustainable outcomes to support energy transition and scarce resources, environmental services together with safe and smart mobility.