Oxford Instruments (LON:OXIG) announced its quarterly earnings results on Tuesday. The company reported GBX 56.30 ($0.75) EPS for the quarter, beating the Zacks’ consensus estimate of GBX 54.20 ($0.72) by GBX 2.10 ($0.03), Bloomberg Earnings reports. Oxford Instruments had a net margin of 7.57% and a return on equity of 13.16%.
Shares of Oxford Instruments traded up GBX 48 ($0.64), hitting GBX 1,064 ($14.17), during trading on Thursday, according to Marketbeat. The stock had a trading volume of 140,879 shares, compared to its average volume of 49,802. Oxford Instruments has a 12 month low of GBX 680 ($9.05) and a 12 month high of GBX 1,174 ($15.63).
The company also recently announced a dividend, which will be paid on Friday, October 19th. Stockholders of record on Thursday, September 13th will be paid a GBX 9.60 ($0.13) dividend. This is a positive change from Oxford Instruments’s previous dividend of $3.70. The ex-dividend date of this dividend is Thursday, September 13th. This represents a dividend yield of 0.96%.
In other news, insider Gavin Hill bought 235 shares of Oxford Instruments stock in a transaction dated Friday, April 6th. The stock was purchased at an average price of GBX 763 ($10.16) per share, for a total transaction of £1,793.05 ($2,387.23). In the last quarter, insiders bought 268 shares of company stock valued at $209,717.
OXIG has been the subject of a number of recent research reports. Peel Hunt restated a “hold” rating and set a GBX 1,020 ($13.58) price target on shares of Oxford Instruments in a research note on Tuesday, February 27th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Oxford Instruments in a research note on Thursday, April 12th. Numis Securities restated a “buy” rating on shares of Oxford Instruments in a research note on Wednesday. Berenberg Bank upgraded shares of Oxford Instruments to a “buy” rating in a research note on Thursday. Finally, Liberum Capital restated a “buy” rating on shares of Oxford Instruments in a research note on Friday, March 23rd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of GBX 1,050.63 ($13.99).
Oxford Instruments Company Profile
Oxford Instruments plc, through its subsidiaries, researches, develops, manufactures, rents, sells, and services tools and systems in the United States, rest of Europe, rest of Asia, the United Kingdom, Japan, China, Germany, and internationally. The company's Nanotechnology Tools segment provides high performance scientific imaging cameras, spectroscopy solutions, and microscopy systems for research and OEM markets; atomic force probe microscopy for materials and bioscience applications; 3D and 4D image visualization and analysis software; and nanoanalysis solutions for materials characterization and nanofabrication on scanning electron microscopes, focussed ion beams, and transmission electron microscopes.
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