Renishaw (RSW)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

4,144.00p
   
  • Change Today:
    -6.00p
  • 52 Week High: 4,370.00
  • 52 Week Low: 2,950.00
  • Currency: UK Pounds
  • Shares Issued: 72.79m
  • Volume: 3,945
  • Market Cap: £3,016.36m
  • RiskGrade: 147

Renishaw lowers profit forecast on economic uncertainties

By Frank Prenesti

Date: Tuesday 10 May 2022

LONDON (ShareCast) - (Sharecast News) - UK engineering firm Renishaw cut full-year profit forecasts on Tuesday, citing economic uncertainties, and also warned of a of a possible hit from Covid-19 lockdowns in China.
The company said it now expected annual adjusted pre-tax profit of £155m - £170m, compared with its previous forecast of £157m to £181m. Revenue was expected to be in the range of £665m - £675m.

In a trading update for the first nine months of the fiscal year, Renishaw posted a 47% rise in adjusted pre-tax profit to £124m, with revenue up by a fifth to £492.4m.

"While we continue to monitor the impact of Covid-19 on our people and our business, and retain some measures designed to minimise the risk of in-company transmission, most of our operations are now operating on a more normalised basis," the company said.

"We are closely monitoring the current lockdowns in China and are taking mitigating actions where possible against potential business disruption. This uncertain position makes trading levels in China in the remainder of this financial year difficult to predict."

Reporting b y Frank Prenesti.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Renishaw Market Data

Currency UK Pounds
Share Price 4,144.00p
Change Today -6.00p
% Change -0.14 %
52 Week High 4,370.00
52 Week Low 2,950.00
Volume 3,945
Shares Issued 72.79m
Market Cap £3,016.36m
RiskGrade 147

Renishaw Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
84.48% below the market average84.48% below the market average84.48% below the market average84.48% below the market average84.48% below the market average
88.24% below the sector average88.24% below the sector average88.24% below the sector average88.24% below the sector average88.24% below the sector average
Price Trend
65.83% above the market average65.83% above the market average65.83% above the market average65.83% above the market average65.83% above the market average
89.74% above the sector average89.74% above the sector average89.74% above the sector average89.74% above the sector average89.74% above the sector average
Income
89.14% below the market average89.14% below the market average89.14% below the market average89.14% below the market average89.14% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
9.08% below the market average9.08% below the market average9.08% below the market average9.08% below the market average9.08% below the market average
11.76% above the sector average11.76% above the sector average11.76% above the sector average11.76% above the sector average11.76% above the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 3
Sell 1
Strong Sell 1
Total 7
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Renishaw Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Mar-24 02-Nov-23
Paid 09-Apr-24 07-Dec-23
Amount 16.80p 59.40p

Trades for 28-Mar-2024

Time Volume / Share Price
08:27 210 @ 4,126.20p
08:14 29 @ 4,141.99p
08:07 60 @ 4,144.00p
08:07 24 @ 4,152.00p
08:07 5 @ 4,152.00p

Renishaw Key Personnel

CEO William Lee

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