Renishaw (RSW)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

4,020.00p
   
  • Change Today:
      35.00p
  • 52 Week High: 4,370.00
  • 52 Week Low: 2,950.00
  • Currency: UK Pounds
  • Shares Issued: 72.79m
  • Volume: 17,635
  • Market Cap: £2,926.10m
  • RiskGrade: 147

Renishaw slumps as it warns over full-year results

By Michele Maatouk

Date: Thursday 21 Mar 2019

LONDON (ShareCast) - (Sharecast News) - Shares in Renishaw slumped as the engineering group cautioned that full-year results would come in below previous guidance.
The company said at its half-year results back in January that it had experienced a slowdown in demand in Asia for its encoder products and from large end-user manufacturers of consumer electronic products. It said on Thursday that these conditions are now expected to continue through the rest of the financial year, hence its lowered expectations.

It now expects full-year revenue of between £595m and £620m and adjusted pre-tax profit of between £117m and £135m. This is down from its previous guidance of £635m to £665m and £140m to £160m, respectively.

Statutory pre-tax profit is forecast to come in between £123m to £141m, below previous guidance of £146m to £166m.

"Notwithstanding current economic uncertainties, the board remains confident in the future prospects of the group," it said.

At 1405 GMT, the shares were down 10.7% to 3,750p.

Russ Mould, investment director at AJ Bell, said: "With only 5% of its sales going to firms based in the UK and a wide-spread of client industries Renishaw has a good insight into what is going on globally and it is always worth listening whenever this high-quality company speaks.

"Today's profit warning and forecast of lower annual profits will therefore be a worry for investors, especially as Renishaw has suffered just seven drops in earnings in the past 25 years and they all came during times of a slowdown or recession around the world."

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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 4,020.00p
Change Today 35.00p
% Change 0.88 %
52 Week High 4,370.00
52 Week Low 2,950.00
Volume 17,635
Shares Issued 72.79m
Market Cap £2,926.10m
RiskGrade 147

Renishaw Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.82% below the market average78.82% below the market average78.82% below the market average78.82% below the market average78.82% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average
Price Trend
33.91% above the market average33.91% above the market average33.91% above the market average33.91% above the market average33.91% above the market average
43.59% above the sector average43.59% above the sector average43.59% above the sector average43.59% above the sector average43.59% above the sector average
Income
82.35% below the market average82.35% below the market average82.35% below the market average82.35% below the market average82.35% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average
Growth
2% below the market average2% below the market average2% below the market average2% below the market average2% below the market average
37.14% above the sector average37.14% above the sector average37.14% above the sector average37.14% above the sector average37.14% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
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 17-Jun-2024

Time Volume / Share Price
15:45 40 @ 4,020.00p
15:45 43 @ 4,020.00p
15:45 139 @ 4,020.00p
15:45 195 @ 4,020.00p
15:45 139 @ 4,020.00p

Renishaw Key Personnel

CEO William Lee

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