Ricardo (LON:RCDO) Releases Earnings Results

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

Ricardo Stock Down 1.2 %

LON RCDO traded down GBX 2.60 ($0.03) during mid-day trading on Friday, reaching GBX 214.40 ($2.76). 256,150 shares of the company’s stock traded hands, compared to its average volume of 710,839. Ricardo has a 1-year low of GBX 206 ($2.65) and a 1-year high of GBX 536.22 ($6.91). The company has a fifty day simple moving average of GBX 309.57 and a 200-day simple moving average of GBX 394.96. The company has a current ratio of 1.86, a quick ratio of 1.57 and a debt-to-equity ratio of 79.36. The company has a market cap of £132.07 million, a price-to-earnings ratio of 188.80 and a beta of 0.58.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 730 ($9.41) target price on shares of Ricardo in a research note on Tuesday, December 17th. Shore Capital upgraded Ricardo to a “hold” rating in a research note on Friday, February 7th.

About Ricardo

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.