MURRAY, Utah, Nov. 19, 2024 (GLOBE NEWSWIRE) -- R1 RCM Inc. (“R1”), a leader in automating revenue management for healthcare providers, today announced that investment funds affiliated with TowerBrook Capital Partners (“TowerBrook”) and Clayton, Dubilier & Rice (“CD&R”) have completed their previously announced acquisition of R1. On August 1, 2024, TowerBrook, CD&R and R1 announced that they had entered into a definitive merger agreement under which all outstanding shares of R1 common stock that TowerBrook ...

RCM Technologies, Inc. (RCMT) came out with quarterly earnings of $0.44 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post earnings of $0.56 per share when it actually produced earnings of $0.56, delivering no surprise.Over the last four quarters, the company has surpassed consensus EPS estimates two times.RCM Technologies, which belongs t ...

RCM Technologies, Inc. (RCMT) closed the most recent trading day at $19.98, moving +1.73% from the previous trading session. This change outpaced the S&P 500's 1.7% gain on the day. Elsewhere, the Dow gained 1.26%, while the tech-heavy Nasdaq added 2.51%. The company's shares have seen an increase of 1.29% over the last month, not keeping up with the Business Services sector's gain of 6.45% and outstripping the S&P 500's gain of 1.27%. Analysts and investors alike will be keeping a close eye on the performa ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metric ...

RCM Technologies, Inc. (RCMT) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this company have returned +7.3%, compared to the Zacks S&P 500 composite's +3.4% change. During this period, the Zacks Staffing Firms industry, which RCM Technologies falls in, has lost 2.4%. The key question now is: What could be the stock's future direct ...

RCM Technologies, Inc. (RCMT) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Shares of this company have returned -1.1% over the past month versus the Zacks S&P 500 composite's +2.2% change. The Zacks Staffing Firms industry, to which RCM Technologies belongs, has lost 4% over this period. Now the key question is: Where could the stock be headed in the near term? ...

Core Insights - Value investing remains a preferred strategy for identifying strong stocks across various market conditions, focusing on key valuation metrics to find undervalued stocks with profit potential [2][6] - RCM Technologies (RCMT) is highlighted as a strong investment opportunity, currently holding a Zacks Rank of 1 (Strong Buy) and an A grade for Value [4][6] Company Metrics - RCMT has a current P/E ratio of 7.56, significantly lower than the industry average of 15.32, indicating potential undervaluation [4] - The stock's Forward P/E has fluctuated between 7.37 and 15.75 over the past year, with a median of 9.36 [4] - RCMT's P/CF ratio stands at 8.26, compared to the industry's average of 12.88, further suggesting it may be undervalued [5] - Over the past 12 months, RCMT's P/CF has ranged from 7.98 to 14.40, with a median of 9.26 [5] Investment Outlook - The combination of RCMT's attractive valuation metrics and strong earnings outlook positions it as one of the market's strongest value stocks [6]

NEW YORK, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: R1 RCM Inc. (NASDAQ: RCM)'s sale to investment funds affiliated with TowerBrook Capital Partners and Clayton, Dubilier & Rice for $14.30 per share. If you are a R1 shareholder, click here to learn more about your rights and options. Enstar Group Limited (NASD ...

RCM Technologies, Inc. (RCMT) came out with quarterly earnings of $0.56 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this company would post earnings of $0.51 per share when it actually produced earnings of $0.53, delivering a surprise of 3.92%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. RCM Technologies, wh ...

Financial Performance - RCM Technologies reported revenue of $69.2 million for the thirteen weeks ended June 29, 2024, a 3.2% increase from $67.0 million in the prior year[2] - Gross profit for the current quarter was $20.0 million, reflecting a 6.6% increase compared to $18.8 million in the comparable prior quarter[2] - GAAP net income for the current quarter was $3.8 million, or $0.47 per diluted share, compared to $4.0 million, or $0.47 per diluted share, in the prior year[2] - Adjusted EBITDA (non-GAAP) for the current quarter was $7.2 million, a 10.8% increase from $6.5 million in the comparable prior quarter[2] - For the twenty-six weeks ended June 29, 2024, revenue was $141.1 million, a 5.2% increase from $134.2 million in the prior year[3] - Gross profit for the twenty-six weeks was $40.4 million, a 6.8% increase compared to $37.8 million in the prior year[3] - The company experienced adjusted net income per diluted share (non-GAAP) of $1.10 for the current period, up from $0.92 in the prior year[3] Segment Performance - Engineering segment growth was highlighted as a key driver of second-quarter performance, with project activity increasing[4] - The gross profit for the Specialty Health Care segment was $10,639,000 for the thirteen weeks ended June 29, 2024, representing a gross profit margin of 28.8%[14] Cash Flow and Assets - Net cash provided by operating activities for the thirteen weeks ended June 29, 2024, was $5,725,000, a decrease from $17,343,000 for the same period last year[19] - Total current assets decreased to $85,287,000 as of June 29, 2024, down from $90,502,000 at December 30, 2023[18] - Cash and cash equivalents decreased to $3,480,000 as of June 29, 2024, from $6,284,000 at December 30, 2023[18] - Net cash used in financing activities for the thirteen weeks ended June 29, 2024, was $(3,796,000), compared to $(17,631,000) for the same period last year[19] Liabilities and Deficit - Total liabilities decreased to $89,826,000 as of June 29, 2024, from $94,694,000 at December 30, 2023[18] - The company’s accumulated deficit improved to $(11,551,000) as of June 29, 2024, from $(19,265,000) at December 30, 2023[18] Future Outlook - The company emphasized its strong cash-generating business model, which supports growth and capital management[4] - RCM Technologies will host a conference call on August 8, 2024, to discuss these results further[5] Consolidated Results - Consolidated revenue for the thirteen weeks ended June 29, 2024, was $69,164,000, a 3.2% increase from $67,035,000 for the same period last year[14] - Gross profit margin for the consolidated results improved to 28.9% for the thirteen weeks ended June 29, 2024, compared to 28.0% for the same period last year[14] - The company reported a net income of $3,762,000 for the thirteen weeks ended June 29, 2024, compared to $3,983,000 for the same period last year[19]