Renishaw (RSW)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

4,020.00p
   
  • Change Today:
      35.00p
  • 52 Week High: 4,370.00p
  • 52 Week Low: 2,950.00p
  • Currency: UK Pounds
  • Shares Issued: 72.79m
  • Volume: 16,464
  • Market Cap: £2,926.10m
  • RiskGrade: 147

Renishaw slashes full-year profit and sales forecasts

By Alexander Bueso

Date: Tuesday 14 May 2019

LONDON (ShareCast) - (Sharecast News) - Renishaw slashed its outlook for full-year profits and sales after the engineer\'s bottom line fell further into the red amid what the company\'s management termed an uncertain economic backdrop.
For the nine months ending on 31 March, the company, which manufactures precision control and measurement equipment, posted an 18.8% fall in adjusted profits before tax to reach £79.6m.

That was alongside topline growth of only 0.3% to £431.1m. Sales in its metrology unit dipped by 0.5% to £404.5m, while at the Healthcare arm they jumped by 14.2% to £26.6m.

At the half-year stage, Renishaw\'s profits had been down by just 4.3% versus the comparable year ago period.

And now, based on the most recent order trends and feedback from customers, full-year revenue was pegged at between £580-600m, down from a previous range of £635-665m.

In turn, full-year adjusted profits before tax were now seen coming at between £105-120m, down from prior guidance for £146-166m.

The firm´s net cash balance did however improve, rising from £91.2m one year ago or £100.5m as recently as 31 December to £120.5m.

\"Notwithstanding the current economic uncertainties, the Board remains confident in the future prospects of the Group,\" management said in a statement.

Renishaw\'s latest trading update was published ahead of its annual investor day which was scheduled for later in the day.

Preliminary full-year numbers were due out on 30 June.

As of 0817 BST, shares of Renishaw had crashed by 9.53% to 3,740.0p, but were off their intraday and 52-week low of 3,510.0p.



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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 4,370.00p
52 Week Low 2,950.00p
Volume 16,464
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
15:32 78 @ 4,020.00p
15:32 44 @ 4,020.00p
15:32 9 @ 4,020.00p
15:32 130 @ 4,020.00p
15:32 110 @ 4,020.00p

Renishaw Key Personnel

CEO William Lee

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