Analysts forecast that Cognex Co. (NASDAQ:CGNX – Get Rating) will announce earnings of $0.43 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Cognex’s earnings, with the lowest EPS estimate coming in at $0.40 and the highest estimate coming in at $0.46. Cognex also reported earnings per share of $0.43 during the same quarter last year. The business is scheduled to report its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Cognex will report full year earnings of $1.74 per share for the current fiscal year, with EPS estimates ranging from $1.65 to $1.92. For the next fiscal year, analysts forecast that the business will post earnings of $2.07 per share, with EPS estimates ranging from $1.85 to $2.23. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Cognex.
Cognex (NASDAQ:CGNX – Get Rating) last released its earnings results on Thursday, May 5th. The scientific and technical instruments company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.08. The firm had revenue of $282.40 million during the quarter, compared to analyst estimates of $277.23 million. Cognex had a net margin of 25.67% and a return on equity of 19.17%. The business’s revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the business earned $0.39 EPS.
Several institutional investors have recently modified their holdings of CGNX. Spire Wealth Management grew its position in shares of Cognex by 81.0% in the 4th quarter. Spire Wealth Management now owns 333 shares of the scientific and technical instruments company’s stock worth $26,000 after buying an additional 149 shares during the last quarter. UMB Bank N A MO purchased a new position in shares of Cognex in the 4th quarter worth approximately $31,000. Huntington National Bank grew its position in shares of Cognex by 137.0% in the 4th quarter. Huntington National Bank now owns 448 shares of the scientific and technical instruments company’s stock worth $35,000 after buying an additional 259 shares during the last quarter. Sageworth Trust Co of South Dakota purchased a new position in shares of Cognex in the 4th quarter worth approximately $36,000. Finally, Ceredex Value Advisors LLC purchased a new position in shares of Cognex in the 4th quarter worth approximately $43,000. 88.85% of the stock is currently owned by hedge funds and other institutional investors.
Cognex stock opened at $46.59 on Friday. The firm has a 50-day moving average price of $69.32 and a 200-day moving average price of $72.45. The firm has a market capitalization of $8.09 billion, a PE ratio of 30.06 and a beta of 1.63. Cognex has a 12-month low of $45.66 and a 12-month high of $92.17.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 3rd. Stockholders of record on Friday, May 20th will be given a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Thursday, May 19th. Cognex’s payout ratio is currently 16.77%.
About Cognex (Get Rating)
Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to automate the manufacturing and tracking of discrete items, including mobile phones, aspirin bottles, and automobile tires by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process.
- Get a free copy of the StockNews.com research report on Cognex (CGNX)
- The Travel Sector Is Getting Upgraded
- Carvana Insiders Buy Shares But Maybe You Shouldn’t
- Dutch Bros Gets Scalded By Inflation
- The S&P 500 Could Fall Another 28%
- Corning Stock is a Technology Value Play
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Cognex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognex and related companies with MarketBeat.com's FREE daily email newsletter.