Renew (LON:RNWH) Releases Quarterly Earnings Results

Renew (LON:RNWH) issued its earnings results on Tuesday. The company reported GBX 20.06 ($0.26) earnings per share (EPS) for the quarter, Digital Look Earnings reports.

LON RNWH remained flat at $GBX 456 ($6.00) during trading hours on Thursday. The company had a trading volume of 26,514 shares, compared to its average volume of 82,591. Renew has a 1-year low of GBX 304 ($4.00) and a 1-year high of GBX 570 ($7.50). The company has a market cap of $358.21 million and a PE ratio of 15.56. The company has a debt-to-equity ratio of 29.95, a quick ratio of 0.71 and a current ratio of 0.76. The business’s 50 day simple moving average is GBX 419.15 and its two-hundred day simple moving average is GBX 458.47.

A number of equities research analysts recently weighed in on RNWH shares. Liberum Capital raised Renew to a “hold” rating and lifted their target price for the stock from GBX 300 ($3.95) to GBX 430 ($5.66) in a research report on Tuesday. Shore Capital reissued a “buy” rating on shares of Renew in a report on Tuesday. Finally, Peel Hunt reaffirmed a “buy” rating on shares of Renew in a research note on Tuesday.

Renew Company Profile

Renew Holdings plc provides multidisciplinary engineering services to the energy, environmental, infrastructure, and specialist building sectors in the United Kingdom. Its services in the energy sector include operational support and asset care; critical planned and reactive maintenance and renewals; civil, mechanical, and electrical engineering; nuclear decommissioning and decontamination; and specialist fabrication and manufacturing.

Further Reading: Return On Assets

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