Renishaw (LON:RSW) Announces Quarterly Earnings Results

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

Renishaw Price Performance

Shares of LON:RSW traded down GBX 20 during midday trading on Thursday, hitting GBX 4,060. 208,094 shares of the stock were exchanged, compared to its average volume of 209,600. Renishaw has a twelve month low of GBX 2,100 and a twelve month high of GBX 4,205. The company has a current ratio of 5.81, a quick ratio of 3.10 and a debt-to-equity ratio of 2.05. The company has a 50 day moving average price of GBX 3,637.79 and a 200-day moving average price of GBX 3,459.53. The stock has a market cap of £2.95 billion, a P/E ratio of 35.24, a PEG ratio of 3.73 and a beta of 0.63.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reissued 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 3,920.

Insider Buying and Selling

In other 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 value of £906,031,675.80. Also, insider D John Deer sold 207,050 shares of Renishaw stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of GBX 3,435, for a total transaction of £7,112,167.50. In the last 90 days, insiders have sold 26,926,468 shares of company stock worth $92,492,417,580. 52.95% of the stock is owned by company insiders.

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.