RCM Technologies (NASDAQ:RCMT) Releases Quarterly Earnings Results, Beats Expectations By $0.19 EPS

RCM Technologies (NASDAQ:RCMT - Get Free Report) announced its quarterly earnings results on Friday. The business services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.58 by $0.19, FiscalAI reports. The business had revenue of $86.48 million for the quarter, compared to analysts' expectations of $84.46 million. RCM Technologies had a net margin of 4.23% and a return on equity of 35.58%.Get RCM Technologies alerts:RCM Technologies Price PerformanceShares of NASDAQ RCMT remained flat at $19.30 during trading on Friday. 35,583 shares of the stock traded hands, compared to its average volume of 54,279. RCM Technologies has a 1-year low of $14.88 and a 1-year high of $28.27. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.78. The firm's fifty day simple moving average is $19.21 and its two-hundred day simple moving average is $20.97. The firm has a market capitalization of $143.01 million, a price-to-earnings ratio of 11.29 and a beta of -0.01. Institutional Investors Weigh In On RCM TechnologiesA number of institutional investors have recently made changes to their positions in RCMT. BNP Paribas Financial Markets raised its holdings in shares of RCM Technologies by 44.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,892 shares of the business services provider's stock valued at $45,000 after purchasing an additional 579 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of RCM Technologies by 1,241.0% in the second quarter. JPMorgan Chase & Co. now owns 2,320 shares of the business services provider's stock valued at $55,000 after purchasing an additional 2,147 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of RCM Technologies during the 3rd quarter worth $60,000. Lazard Asset Management LLC purchased a new stake in RCM Technologies in the 2nd quarter valued at approximately $77,000. Finally, New York State Common Retirement Fund purchased a new position in shares of RCM Technologies during the second quarter valued at approximately $101,000. 43.20% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analyst Weigh InSeveral research analysts have commented on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of RCM Technologies in a research note on Friday, March 27th. Zacks Research upgraded RCM Technologies from a "strong sell" rating to a "hold" rating in a report on Monday, January 5th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold".Read Our Latest Stock Analysis on RCMTRCM Technologies Company Profile (Get Free Report)RCM Technologies, Inc NASDAQ: RCMT is an information technology consulting firm that specializes in delivering secure, enterprise-level technology solutions. The company's core offerings include IT infrastructure design and integration, data center modernization, cloud migration and management, cybersecurity services, and digital collaboration platforms. RCM Technologies serves clients across federal and commercial markets, tailoring its services to meet the strict security and compliance requirements of government agencies as well as the performance and scalability needs of private-sector organizations. Founded in the mid-1980s and headquartered in Dresher, Pennsylvania, RCM Technologies has built a reputation for end-to-end project delivery, from initial assessment and design through implementation and ongoing managed support.Read MoreFive stocks we like better than RCM TechnologiesThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in RCM Technologies Right Now?Before you consider RCM Technologies, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RCM Technologies wasn't on the list.While RCM Technologies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here