Renishaw (RSW)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

4,025.00p
   
  • Change Today:
      40.00p
  • 52 Week High: 4,370.00
  • 52 Week Low: 2,950.00
  • Currency: UK Pounds
  • Shares Issued: 72.79m
  • Volume: 11,104
  • Market Cap: £2,929.74m
  • RiskGrade: 147

Renishaw lowers FY guidance due to lockdowns

By Iain Gilbert

Date: Tuesday 12 May 2020

LONDON (ShareCast) - (Sharecast News) - Engineering firm Renishaw lowered its annual profit forecasts on Tuesday as a result of a coronavirus-fuelled downturn in sales across the automotive and aerospace sectors.
Renishaw said it now expects adjusted pre-tax profits to come in between ?45m-55m for the full-year, down from the ?50m-70m previously forecast. while revenues for the nine months ended 31 March dropped 9.6% to ?389.9m.

Full-year revenues were projected to be between ?490m and ?505m, also a marked decrease on the ?574m brought in by the group a year earlier.

In addition to interruptions caused by the Covid-19 pandemic, Renishaw also cautioned of decreased demand for its machine-tool products and uncertainties stemming from the Sino-US trade spat.

However, Renishaw added that it had witnessed a "good recovery" in China but warned that the impact of the pandemic in Europe, Middle East and Africa would be felt later in the year.

Renishaw said: "Given the uncertain macroeconomic backdrop, we expect very challenging market conditions, particularly in the automotive and aerospace sectors, in the coming periods.

"However, despite subdued demand conditions overall, we have seen growth in our optical and laser encoder product lines due to a recovery in the semiconductor market."

As of 0840 BST, Renishaw shares were up 1.96% at 3,850p.

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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 4,025.00p
Change Today 40.00p
% Change 1.00 %
52 Week High 4,370.00
52 Week Low 2,950.00
Volume 11,104
Shares Issued 72.79m
Market Cap £2,929.74m
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
13:42 237 @ 4,016.95p
13:33 3 @ 4,028.35p
13:14 91 @ 4,025.00p
13:11 8 @ 4,025.00p
13:11 14 @ 4,025.00p

Renishaw Key Personnel

CEO William Lee

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