RCM Technologies (NASDAQ:RCMT) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

RCM Technologies (NASDAQ:RCMT) announced its quarterly earnings data on Wednesday. The business services provider reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.04), Zacks reports. RCM Technologies had a net margin of 5.77% and a return on equity of 58.70%. The business had revenue of $84.47 million during the quarter, compared to analysts’ expectations of $76.04 million.

RCM Technologies Price Performance

Shares of RCMT opened at $23.30 on Friday. The stock’s fifty day moving average is $16.96 and its 200-day moving average is $19.76. The firm has a market capitalization of $172.51 million, a price-to-earnings ratio of 11.95 and a beta of 0.15. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.63 and a current ratio of 1.63. RCM Technologies has a one year low of $13.18 and a one year high of $26.37.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Benchmark dropped their price objective on shares of RCM Technologies from $37.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, March 21st. StockNews.com raised shares of RCM Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 9th. Finally, B. Riley raised RCM Technologies to a “strong-buy” rating in a research report on Tuesday, March 18th.

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.