Ricardo (LON:RCDO) Releases Earnings Results

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

Ricardo Stock Performance

Shares of RCDO opened at GBX 217.98 ($2.81) on Thursday. The company has a current ratio of 1.86, a quick ratio of 1.57 and a debt-to-equity ratio of 79.36. Ricardo has a 12 month low of GBX 206 ($2.66) and a 12 month high of GBX 536.22 ($6.91). The firm has a fifty day simple moving average of GBX 313.85 and a 200 day simple moving average of GBX 396.20. The stock has a market capitalization of £134.28 million, a price-to-earnings ratio of 191.95 and a beta of 0.58.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Berenberg Bank reissued 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 shares of Ricardo to a “hold” rating in a report 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.