Ricardo (LON:RCDO) Posts Earnings Results, Misses Expectations By $9.00 EPS

Ricardo (LON:RCDO) released its quarterly earnings data on Thursday. The company reported GBX 21.30 ($0.28) earnings per share for the quarter, missing the consensus estimate of GBX 30.30 ($0.40) by GBX (9) (($0.12)), Digital Look Earnings reports.

LON RCDO opened at GBX 357 ($4.66) on Friday. The company has a 50-day moving average price of GBX 333.93 and a two-hundred day moving average price of GBX 407.04. Ricardo has a 52 week low of GBX 286.93 ($3.75) and a 52 week high of GBX 846 ($11.05). The stock has a market cap of $190.66 million and a price-to-earnings ratio of 10.12. The company has a current ratio of 2.12, a quick ratio of 1.77 and a debt-to-equity ratio of 87.82.

A number of research firms recently issued reports on RCDO. Liberum Capital dropped their target price on shares of Ricardo from GBX 720 ($9.41) to GBX 465 ($6.08) and set a “buy” rating for the company in a research report on Tuesday, July 28th. Peel Hunt reissued an “add” rating on shares of Ricardo in a research report on Tuesday, July 28th. Finally, Berenberg Bank restated a “hold” rating on shares of Ricardo in a report on Friday, May 15th.

Ricardo Company Profile

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

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