RCM Technologies, a business services provider, is expected to post Q1 2023 earnings of $0.39 per share, according to equities researchers at B. Riley. The consensus estimate for RCM Technologies’ full-year earnings is $2.19 per share. The company had revenue of $70.22 million for the quarter. RCM Technologies has recently seen a number of large investors buying and selling shares. Institutional investors own 40.53% of the company’s stock. Citigroup Inc., Group One Trading L.P., JPMorgan Chase & Co., Advisor Group Holdings Inc., and Victory Capital Management Inc. are among the top institutional investors. RCM Technologies engages in the provision of business and technology solutions and operates through three segments: Engineering, Specialty Health Care, and Information Technology. Investors interested in RCM Technologies can receive daily news and ratings by entering their email address on MarketBeat.com’s FREE daily email newsletter.
Equities researchers at B. Riley have issued their Q1 2023 earnings estimates for RCM Technologies, Inc. (NASDAQ:RCMT) in a recent research report. Analyst A. Rygiel expects the business services provider to post earnings per share of $0.39 for the quarter, while B. Riley currently has a “Buy” rating and a $17.00 target price on the stock. The consensus estimate for RCM Technologies’ current full-year earnings is $2.19 per share.
RCM Technologies last reported its quarterly earnings results on Thursday, March 16th. The business services provider reported $0.47 earnings per share for the quarter, which exceeded the consensus estimate of $0.45 by $0.02. The company had revenue of $70.22 million for the quarter, compared to analysts’ expectations of $67.05 million.
StockNews.com also assumed coverage on shares of RCM Technologies, issuing a “buy” rating on the stock.
Shares of RCMT stock opened at $11.43 on Wednesday and have a one year low of $8.34 and a one year high of $28.82. The company has a market capitalization of $103.56 million, a price-to-earnings ratio of 5.72 and a beta of 0.87. Hedge funds have also recently weighed in on RCM Technologies.
RCM Technologies has recently seen a number of large investors buying and selling shares. Institutional investors own 40.53% of the company’s stock. Citigroup Inc. bought a new position in RCM Technologies in the first quarter worth about $26,000. In the third quarter, Group One Trading L.P. increased its stake in shares of RCM Technologies by 133.7%, and now owns 2,737 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 1,566 shares during the period.
JPMorgan Chase & Co. acquired a new stake in shares of RCM Technologies in the second quarter valued at approximately $52,000, while Advisor Group Holdings Inc. acquired a new stake in shares of RCM Technologies in the first quarter valued at approximately $69,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of RCM Technologies in the fourth quarter valued at approximately $77,000.
RCM Technologies engages in the provision of business and technology solutions and operates through three segments: Engineering, Specialty Health Care, and Information Technology. The Engineering segment offers a portfolio of engineering and design services across energy services, process and industrial, and aerospace sectors. Investors interested in RCM Technologies can receive daily news and ratings by entering their email address on MarketBeat.com’s FREE daily email newsletter.
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