RCM Technologies (RCMT) to Release Quarterly Earnings on Wednesday

RCM Technologies (NASDAQ:RCMT) is scheduled to be issuing its quarterly earnings data 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 issued its earnings results on Wednesday, May 8th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.02. RCM Technologies had a net margin of 6.32% and a return on equity of 74.07%. The firm had revenue of $71.94 million during the quarter, compared to analysts’ expectations of $72.27 million. 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 Stock Performance

NASDAQ:RCMT traded up $0.67 during mid-day trading on Tuesday, hitting $18.88. The company’s stock had a trading volume of 8,520 shares, compared to its average volume of 70,601. The business’s fifty day moving average is $19.26 and its two-hundred day moving average is $22.33. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market cap of $146.32 million, a price-to-earnings 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.

Wall Street Analysts Forecast Growth

RCMT has been the subject of several recent research reports. Benchmark reaffirmed a “buy” rating and set a $33.00 target price on shares of RCM Technologies in a report on Wednesday, May 15th. StockNews.com raised shares of RCM Technologies from a “hold” rating to a “buy” rating in a report on Friday, April 12th.

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.