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

RCM Technologies (NASDAQ:RCMT) is scheduled to be issuing 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 issued its earnings results on Wednesday, August 7th. The business services provider reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). RCM Technologies had a return on equity of 67.39% and a net margin of 6.19%. The business had revenue of $69.16 million during the quarter, compared to analysts’ expectations of $69.90 million. During the same period last year, the firm posted $0.47 EPS. 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 Price Performance

Shares of NASDAQ:RCMT opened at $22.41 on Wednesday. RCM Technologies has a fifty-two week low of $17.11 and a fifty-two week high of $32.15. 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 debt-to-equity ratio of 0.84, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market cap of $170.97 million, a price-to-earnings ratio of 10.88 and a beta of 0.63.

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 research report on Tuesday, August 13th.

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.