Ricardo (LON:RCDO) Releases Quarterly Earnings Results

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

Ricardo Price Performance

RCDO opened at GBX 233.68 ($2.99) on Wednesday. Ricardo has a twelve month low of GBX 206 ($2.64) and a twelve month high of GBX 536.22 ($6.86). The company has a market capitalization of £143.95 million, a price-to-earnings ratio of 205.78 and a beta of 0.58. The company has a quick ratio of 1.57, a current ratio of 1.86 and a debt-to-equity ratio of 79.36. The firm has a 50-day moving average price of GBX 317.95 and a 200-day moving average price of GBX 397.40.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Shore Capital raised Ricardo to a “hold” rating in a research report on Friday, February 7th. Berenberg Bank reissued a “buy” rating and set a GBX 730 ($9.34) target price on shares of Ricardo in a research report on Tuesday, December 17th.

Ricardo Company Profile

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.