Ricardo (LON:RCDO) Releases Earnings Results

Ricardo (LON:RCDO) announced its quarterly earnings results 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 Trading Down 3.5 %

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

Analysts Set New Price Targets

RCDO has been the subject of several recent research reports. Shore Capital raised shares of Ricardo to a “hold” rating in a research report on Friday, February 7th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 730 ($9.41) price target on shares of Ricardo in a research note 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.