Renishaw (RSW)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

3,730.00p
   
  • Change Today:
    -20.00p
  • 52 Week High: 4,370.00p
  • 52 Week Low: 2,950.00p
  • Currency: UK Pounds
  • Shares Issued: 72.79m
  • Volume: 17,162
  • Market Cap: £2,715.01m
  • RiskGrade: 147

Renishaw lowers upper end of FY revenue, profit guidance

By Frank Prenesti

Date: Wednesday 08 May 2024

LONDON (ShareCast) - (Sharecast News) - Technical instruments maker Renishaw on Wednesday lowered the upper end of full-year guidance amid what it described as "mixed" markets as earnings fell over the first nine months of its financial year.
In a trading update, the company said it now expects revenue to be in the range of £680m to £700m and adjusted profit before tax of £122m to £135m. This compares with the £675m - £715m and £122m - £147m forecast at Renishaw's interim results in February.

Adjusted pre-tax profit in the nine months to March 31 fell 22% to £86.8m.

"We have continued to deliver a solid performance in mixed market conditions, with growth from capital goods products and the early signs of recovering demand from semiconductor equipment builders," Renishaw said.

"We expect the recent improvement in our trading performance to strengthen in the remainder of the financial year, as market conditions improve and as we continue to realise the benefits from a range of targeted growth opportunities."

Reporting by Frank Prenesti for Sharecast.com

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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 3,730.00p
Change Today -20.00p
% Change -0.53 %
52 Week High 4,370.00p
52 Week Low 2,950.00p
Volume 17,162
Shares Issued 72.79m
Market Cap £2,715.01m
RiskGrade 147

Renishaw Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.39% below the market average78.39% below the market average78.39% below the market average78.39% below the market average78.39% below the market average
88.89% below the sector average88.89% below the sector average88.89% below the sector average88.89% below the sector average88.89% below the sector average
Price Trend
5.88% above the market average5.88% above the market average5.88% above the market average5.88% above the market average5.88% above the market average
28.21% above the sector average28.21% above the sector average28.21% above the sector average28.21% above the sector average28.21% above the sector average
Income
79.42% below the market average79.42% below the market average79.42% below the market average79.42% below the market average79.42% 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
2.84% above the market average2.84% above the market average2.84% above the market average2.84% above the market average2.84% above the market average
29.41% above the sector average29.41% above the sector average29.41% above the sector average29.41% above the sector average29.41% 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 26-Jun-2024

Time Volume / Share Price
13:49 286 @ 3,723.07p
13:44 14 @ 3,733.35p
13:26 1,054 @ 3,735.00p
13:24 92 @ 3,723.05p
13:16 12 @ 3,730.00p

Renishaw Key Personnel

CEO William Lee

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