R C M Technologies Inc (NASDAQ:RCMT) – Investment analysts at B. Riley dropped their Q3 2019 earnings per share estimates for shares of R C M Technologies in a research note issued to investors on Friday, August 9th. B. Riley analyst D. Drawbaugh now forecasts that the business services provider will post earnings of $0.05 per share for the quarter, down from their previous forecast of $0.07. B. Riley also issued estimates for R C M Technologies’ Q2 2020 earnings at $0.15 EPS and Q4 2020 earnings at $0.17 EPS.
R C M Technologies (NASDAQ:RCMT) last posted its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $50.71 million during the quarter, compared to analysts’ expectations of $52.32 million. R C M Technologies had a return on equity of 14.81% and a net margin of 2.00%.
Several other research firms have also recently commented on RCMT. Zacks Investment Research cut R C M Technologies from a “buy” rating to a “hold” rating in a report on Friday, July 12th. ValuEngine cut R C M Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st.
RCMT opened at $3.20 on Monday. The company has a quick ratio of 3.04, a current ratio of 3.04 and a debt-to-equity ratio of 1.34. The stock has a market cap of $42.09 million, a PE ratio of 10.32 and a beta of 1.08. The company has a 50-day simple moving average of $3.40. R C M Technologies has a 12 month low of $2.54 and a 12 month high of $4.99.
An institutional investor recently raised its position in R C M Technologies stock. Bourgeon Capital Management LLC lifted its position in shares of R C M Technologies Inc (NASDAQ:RCMT) by 27.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 187,928 shares of the business services provider’s stock after purchasing an additional 40,306 shares during the quarter. Bourgeon Capital Management LLC owned about 1.46% of R C M Technologies worth $740,000 as of its most recent filing with the SEC. Institutional investors own 26.59% of the company’s stock.
R C M Technologies Company Profile
RCM Technologies, Inc provides business and technology solutions in the United States, Canada, Puerto Rico, and Serbia. It operates through three segments: Engineering, Specialty Health Care, 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.
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