Renishaw (RSW)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

4,015.00p
   
  • Change Today:
      30.00p
  • 52 Week High: 4,370.00
  • 52 Week Low: 2,950.00
  • Currency: UK Pounds
  • Shares Issued: 72.79m
  • Volume: 10,485
  • Market Cap: £2,922.46m
  • RiskGrade: 147

Renishaw lifts annual revenue expectations, shares rally

By Michele Maatouk

Date: Friday 17 Jul 2020

LONDON (ShareCast) - (Sharecast News) - Renishaw shares rallied on Friday after the engineer lifted its full-year revenue expectations but downgraded its expectations for statutory pre-tax profit.
In a brief update for the year to the end of June, the company said annual revenue is expected to come in at around £510m, up from guidance of between £490m and £505m given in its last update in May. Adjusted pre-tax profit is expected to be around £50m; the company had given a range of £45m to £55m in May.

However, statutory pre-tax profit was forecast at approximately £4m, down significantly from the £31m to £41 guidance earlier in the year. Renishaw highlighted restructuring costs of about £24m following the reorganisation and rationalisation of certain operations, particularly related to its additive manufacturing business.

"In light of the pandemic, the board has focused on cash preservation and the group balance sheet remains strong," it said.

The company also said that its preliminary results for the year will be released on 13 August.

At 0840 BST, the shares were up 4.4% at 4,624p.

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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 4,015.00p
Change Today 30.00p
% Change 0.75 %
52 Week High 4,370.00
52 Week Low 2,950.00
Volume 10,485
Shares Issued 72.79m
Market Cap £2,922.46m
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
12:34 2 @ 4,015.00p
12:33 90 @ 4,019.34p
12:09 11 @ 4,016.50p
12:02 38 @ 4,015.00p
12:02 31 @ 4,015.00p

Renishaw Key Personnel

CEO William Lee

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