Renishaw (LON:RSW) Releases Quarterly Earnings Results

Renishaw (LON:RSW) posted its earnings results on Thursday. The company reported GBX 68.80 EPS for the quarter, Digital Look Earnings reports. Renishaw had a return on equity of 10.94% and a net margin of 14.02%.

Renishaw Price Performance

Shares of LON RSW traded down GBX 20 during trading on Thursday, hitting GBX 4,060. The company had a trading volume of 208,094 shares, compared to its average volume of 209,600. The firm has a market capitalization of £2.95 billion, a price-to-earnings ratio of 35.24, a price-to-earnings-growth ratio of 3.73 and a beta of 0.63. The stock has a fifty day simple moving average of GBX 3,637.79 and a two-hundred day simple moving average of GBX 3,459.53. The company has a quick ratio of 3.10, a current ratio of 5.81 and a debt-to-equity ratio of 2.05. Renishaw has a fifty-two week low of GBX 2,100 and a fifty-two week high of GBX 4,205.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reaffirmed a “hold” rating on shares of Renishaw in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Renishaw currently has a consensus rating of “Hold” and a consensus target price of GBX 3,920.

Insider Activity

In other news, insider D John Deer sold 342,950 shares of Renishaw stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of GBX 3,435, for a total value of £11,780,332.50. Also, insider Richard McMurtry sold 26,376,468 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of GBX 3,435, for a total value of £906,031,675.80. In the last 90 days, insiders have sold 26,926,468 shares of company stock valued at $92,492,417,580. Insiders own 52.95% of the company’s stock.

About Renishaw

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. This means working with our customers to make the products and the materials that are going to be needed for the future.

We believe that our purpose is incredibly relevant in today’s environment where the pace of change in technology is faster than ever.