Renishaw (LON:RSW) Posts Quarterly Earnings Results

Key Points

• Renishaw reported a quarterly earnings per share (EPS) of GBX 137.80, with a net margin of 14.02% and a return on equity of 10.94%.
• Following the earnings report, Renishaw's stock increased by 6.6%, opening at GBX 3,405.
• Analysts have given Renishaw an average rating of "Moderate Buy" with a price target of GBX 3,620, while UBS Group set a target of GBX 3,900 with a "buy" rating.

Renishaw (LON:RSW - Get Free Report) released its quarterly earnings data on Thursday. The company reported GBX 137.80 EPS for the quarter, Digital Look Earnings reports. Renishaw had a net margin of 14.02% and a return on equity of 10.94%.

Renishaw Stock Down 0.6%

Shares of RSW traded down GBX 20 on Monday, hitting GBX 3,590. 63,803 shares of the stock traded hands, compared to its average volume of 165,125. The company has a market capitalization of £2.61 billion, a PE ratio of 2,673.12, a P/E/G ratio of 3.73 and a beta of 0.63. Renishaw has a one year low of GBX 2,100 and a one year high of GBX 3,865. The company has a debt-to-equity ratio of 2.05, a quick ratio of 3.10 and a current ratio of 5.81. The business has a 50 day simple moving average of GBX 3,081.61 and a 200 day simple moving average of GBX 2,757.37.

Analyst Ratings Changes

RSW has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Renishaw from GBX 3,000 to GBX 3,340 and gave the company a "hold" rating in a research report on Friday, September 5th. UBS Group reiterated a "buy" rating and set a GBX 3,900 target price on shares of Renishaw in a research report on Friday, September 5th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of GBX 3,620.

Renishaw Company Profile

We are a world leader in measuring and manufacturing systems. Our products give high accuracy and precision, gathering data to provide customers and end users with traceability and confidence in what they're making. This technology also helps our customers to innovate their products and processes. We are guided by our purpose: Transforming Tomorrow Together.