According to Zacks, “RCM Technologies, Inc. is a national provider of Business, Technology and resource solutions in information technology and professional engineering to customers in corporate and government sectors. The company has grown its information technology competencies in the areas of resource augmentation, e-business, Enterprise Resource Planning support, network and infrastructure support and knowledge management. RCM’s engineering expertise is in the form of technical design, field engineering, field support, procedures development and project and program management. “
Other equities research analysts have also issued research reports about the company. B. Riley reissued a “buy” rating and set a $6.00 price objective on shares of R C M Technologies in a research note on Friday, September 13th. ValuEngine raised R C M Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.
R C M Technologies (NASDAQ:RCMT) last posted its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.10 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. The company had revenue of $50.71 million during the quarter, compared to analyst estimates of $52.32 million. R C M Technologies had a return on equity of 14.34% and a net margin of 2.00%. Equities analysts forecast that R C M Technologies will post 0.41 earnings per share for the current fiscal year.
An institutional investor recently raised its position in R C M Technologies stock. Bourgeon Capital Management LLC grew its position in shares of R C M Technologies Inc (NASDAQ:RCMT) by 2.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 192,218 shares of the business services provider’s stock after purchasing an additional 4,290 shares during the period. Bourgeon Capital Management LLC owned about 1.51% of R C M Technologies worth $769,000 at the end of the most recent reporting period. 26.01% of the stock is currently owned by hedge funds and other institutional investors.
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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