Ricardo (RCDO) Posts Quarterly Earnings Results, Beats Expectations By $1.40 EPS

Ricardo (LON:RCDO) announced its quarterly earnings results on Thursday. The company reported GBX 57.30 ($0.75) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 55.90 ($0.73) by GBX 1.40 ($0.02), Bloomberg Earnings reports. Ricardo had a return on equity of 20.93% and a net margin of 8.32%.

Shares of RCDO stock opened at GBX 844 ($10.99) on Friday. Ricardo has a twelve month low of GBX 691 ($9.00) and a twelve month high of GBX 1,028.18 ($13.39).

The business also recently disclosed a dividend, which will be paid on Friday, November 23rd. Investors of record on Thursday, November 8th will be paid a GBX 14.71 ($0.19) dividend. This represents a dividend yield of 1.72%. This is an increase from Ricardo’s previous dividend of $5.75. The ex-dividend date is Thursday, November 8th.

Several brokerages have recently issued reports on RCDO. Peel Hunt reiterated a “buy” rating on shares of Ricardo in a report on Thursday. Liberum Capital reiterated a “buy” rating and set a GBX 1,130 ($14.72) price target on shares of Ricardo in a report on Thursday. Finally, Berenberg Bank reissued a “sell” rating and issued a GBX 680 ($8.86) price objective on shares of Ricardo in a research note on Thursday, September 6th.

About Ricardo

Ricardo plc primarily provides engineering, technical, environmental, and strategic consultancy services for transportation original equipment manufacturers and operators, supply chain organizations, energy companies, financial institutions, and government agencies. The company operates through Technical Consulting and Performance Products segments.

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