RCM Technologies (RCMT) Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for RCM Technologies in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" RCMT shares.
View RCMT analyst ratings or view top-rated stocks.

1 Wall Street analysts have issued 1-year price objectives for RCM Technologies' shares. Their RCMT share price forecasts range from $19.00 to $30.00. On average, they anticipate the company's share price to reach $24.50 in the next year. This suggests a possible upside of 46.5% from the stock's current price.
View analysts price targets for RCMT or view top-rated stocks among Wall Street analysts.

RCM Technologies' stock was trading at $12.34 at the start of the year. Since then, RCMT shares have increased by 35.5% and is now trading at $16.72.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 9th 2023.
View our RCMT earnings forecast.

RCM Technologies, Inc. (NASDAQ:RCMT) posted its earnings results on Thursday, March, 16th. The business services provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.02. The business services provider earned $70.22 million during the quarter, compared to analysts' expectations of $67.05 million. RCM Technologies had a net margin of 6.75% and a trailing twelve-month return on equity of 53.53%.

First Trust Dow Jones Select Microcap Index Fund holds 18,078 shares of RCMT stock, representing 0.14% of its portfolio.

RCM Technologies issued an update on its first quarter 2023 earnings guidance on Friday, April, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $67.10 million-$67.10 million, compared to the consensus revenue estimate of $65.16 million.

39 employees have rated RCM Technologies Chief Executive Officer Rocco Campanelli on Glassdoor.com. Rocco Campanelli has an approval rating of 65% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other RCM Technologies investors own include Tilly's (TLYS), ADMA Biologics (ADMA), Zosano Pharma (ZSAN), DHT (DHT), Enerplus (ERF), Gran Tierra Energy (GTE), Hallador Energy (HNRG), Matinas BioPharma (MTNB), Novan (NOVN) and Organigram (OGI).

RCM Technologies trades on the NASDAQ under the ticker symbol "RCMT."

RCM Technologies' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (7.79%), Dimensional Fund Advisors LP (4.35%), Acadian Asset Management LLC (1.21%), Ameriprise Financial Inc. (1.11%), CM Wealth Advisors LLC (0.84%) and O Shaughnessy Asset Management LLC (0.68%). Insiders that own company stock include Bradley Vizi, Kevin D Miller, Michael Saks, Richard A Genovese and Roger H Ballou.
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Shares of RCMT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RCMT stock can currently be purchased for approximately $16.72.

RCM Technologies (NASDAQ:RCMT) has a market capitalization of $138.27 million and generates $284.68 million in revenue each year. The business services provider earns $20.89 million in net income (profit) each year or $1.79 on an earnings per share basis.

The company employs 3,260 workers across the globe.

RCM Technologies' mailing address is 2500 MCCLELLAN AVENUE SUITE 350, PENNSAUKEN NJ, 08109. The official website for the company is www.rcmt.com. The business services provider can be reached via phone at (856) 356-4500, via email at info@rcmt.com, or via fax at 856-356-4600.