Cognex Corporation (NASDAQ:CGNX) is scheduled to be announcing its earnings results after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $1.05 per share for the quarter.
Cognex Corporation (NASDAQ:CGNX) last issued its quarterly earnings results on Monday, July 31st. The scientific and technical instruments company reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.08. Cognex Corporation had a return on equity of 19.51% and a net margin of 33.10%. The company had revenue of $172.90 million for the quarter, compared to analysts’ expectations of $169.79 million. During the same quarter last year, the business earned $0.50 earnings per share. Cognex Corporation’s revenue was up 17.4% on a year-over-year basis. On average, analysts expect Cognex Corporation to post $2.56 EPS for the current fiscal year and $2.63 EPS for the next fiscal year.
Cognex Corporation (CGNX) opened at 125.40 on Friday. Cognex Corporation has a 12 month low of $49.68 and a 12 month high of $125.59. The company has a market cap of $10.86 billion, a PE ratio of 57.29 and a beta of 1.42. The company has a 50 day moving average price of $114.82 and a 200-day moving average price of $98.64.
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In other Cognex Corporation news, Director Theodor Krantz sold 9,750 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $103.78, for a total value of $1,011,855.00. Following the transaction, the director now directly owns 22,500 shares in the company, valued at approximately $2,335,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jerry A. Schneider sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $102.67, for a total value of $513,350.00. Following the completion of the transaction, the director now owns 6,000 shares in the company, valued at $616,020. The disclosure for this sale can be found here. Insiders sold a total of 126,750 shares of company stock worth $13,242,726 over the last 90 days. Corporate insiders own 5.60% of the company’s stock.
A number of analysts recently issued reports on the company. Wolfe Research assumed coverage on Cognex Corporation in a research note on Tuesday, July 11th. They set a “peer perform” rating on the stock. Cowen and Company reiterated a “buy” rating and set a $100.00 price objective on shares of Cognex Corporation in a research note on Tuesday, July 11th. Zacks Investment Research upgraded Cognex Corporation from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a research note on Tuesday, July 4th. Finally, BidaskClub lowered Cognex Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $87.43.
Cognex Corporation Company Profile
Cognex Corporation (Cognex) is a provider of machine vision products that capture and analyze visual information in order to automate tasks, primarily in manufacturing processes, where vision is required. The Company operates through the machine vision technology segment. The Company’s machine vision products are used to automate the manufacture and tracking of discrete items, such as mobile phones, aspirin bottles and automobile tires, by locating, identifying, inspecting and measuring them during the manufacturing or distribution process.
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