Hurco Companies (NASDAQ:HURC) Posts Earnings Results

Hurco Companies (NASDAQ:HURC) issued its quarterly earnings data on Friday, January 5th. The scientific and technical instruments company reported $1.00 EPS for the quarter, Bloomberg Earnings reports. Hurco Companies had a net margin of 6.20% and a return on equity of 7.76%. The business had revenue of $75.93 million during the quarter.

Hurco Companies (NASDAQ:HURC) traded up $0.30 on Friday, hitting $47.90. 33,796 shares of the stock traded hands, compared to its average volume of 28,243. The firm has a market capitalization of $316.12, a PE ratio of 21.29 and a beta of 0.52. Hurco Companies has a 52 week low of $26.25 and a 52 week high of $48.85.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Wednesday, January 3rd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Tuesday, January 2nd. Hurco Companies’s dividend payout ratio (DPR) is presently 17.78%.

Several equities analysts have issued reports on HURC shares. ValuEngine cut shares of Hurco Companies from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub cut shares of Hurco Companies from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd.

In other Hurco Companies news, Director Robert W. Cruickshank sold 1,000 shares of the firm’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $45.00, for a total value of $45,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.30% of the company’s stock.

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About Hurco Companies

Hurco Companies, Inc is an industrial technology company. The Company designs, manufactures and sells computerized (Computer Numeric Control (CNC)) machine tools, consisting primarily of vertical machining centers (mills) and turning centers (lathes), to companies in the metal cutting industry. It operates in the industrial automation equipment segment.

Earnings History for Hurco Companies (NASDAQ:HURC)

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