Ricardo (LON:RCDO) Announces Earnings Results

Ricardo (LON:RCDO) posted its quarterly earnings data on Thursday. The company reported GBX 21.30 ($0.28) EPS for the quarter, missing analysts’ consensus estimates of GBX 30.30 ($0.40) by GBX (9) (($0.12)), Digital Look Earnings reports.

LON RCDO traded up GBX 21 ($0.27) on Thursday, reaching GBX 348 ($4.55). The company had a trading volume of 71,366 shares, compared to its average volume of 51,772. The stock’s 50 day moving average is GBX 335.39 and its 200-day moving average is GBX 411.41. Ricardo has a 52 week low of GBX 286.93 ($3.75) and a 52 week high of GBX 846 ($11.05). The company has a quick ratio of 1.77, a current ratio of 2.12 and a debt-to-equity ratio of 87.82. The stock has a market cap of $174.64 million and a price-to-earnings ratio of 10.21.

RCDO has been the topic of a number of recent analyst reports. Berenberg Bank reissued a “hold” rating on shares of Ricardo in a research note on Friday, May 15th. Liberum Capital dropped their target price on Ricardo from GBX 720 ($9.41) to GBX 465 ($6.08) and set a “buy” rating for the company in a research report on Tuesday, July 28th. Finally, Peel Hunt reiterated an “add” rating on shares of Ricardo in a report on Tuesday, July 28th.

Ricardo Company Profile

Ricardo plc primarily provides engineering, technical, environmental, and strategic consultancy services for transportation original equipment manufacturers and operators, energy companies, financial institutions, and government agencies. The company operates through Technical Consulting and Performance Products segments.

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