Renishaw (LON:RSW) Releases Earnings Results

Renishaw (LON:RSW) announced its earnings results on Thursday. The company reported GBX 68.80 earnings per share (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 Performance

RSW stock traded down GBX 20 during mid-day 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 stock’s fifty day moving average price is GBX 3,637.79 and its two-hundred day moving average price is GBX 3,459.53. The company has a debt-to-equity ratio of 2.05, a quick ratio of 3.10 and a current ratio of 5.81. Renishaw has a 12 month low of GBX 2,100 and a 12 month high of GBX 4,205. The firm has a market cap of £2.95 billion, a PE ratio of 35.24, a price-to-earnings-growth ratio of 3.73 and a beta of 0.63.

Insider Buying and Selling

In related news, insider Richard McMurtry sold 26,376,468 shares of Renishaw stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of GBX 3,435, for a total transaction of £906,031,675.80. Also, insider D John Deer sold 207,050 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of GBX 3,435, for a total value of £7,112,167.50. Insiders have sold a total of 26,926,468 shares of company stock worth $92,492,417,580 in the last ninety days. 52.95% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group restated a “hold” rating on shares of Renishaw in a research report on Thursday, October 30th. One 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.com, Renishaw presently has an average rating of “Hold” and a consensus price target of GBX 3,920.

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. 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.