Equities research analysts predict that Cognex Corporation (NASDAQ:CGNX) will report $0.49 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Cognex Corporation’s earnings. The lowest EPS estimate is $0.47 and the highest is $0.52. Cognex Corporation reported earnings of $0.47 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.3%. The firm is scheduled to announce its next earnings results on Thursday, February 15th.
According to Zacks, analysts expect that Cognex Corporation will report full-year earnings of $2.77 per share for the current fiscal year, with EPS estimates ranging from $2.75 to $2.80. For the next financial year, analysts expect that the firm will report earnings of $2.88 per share, with EPS estimates ranging from $2.52 to $3.08. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Cognex Corporation.
Cognex Corporation (NASDAQ:CGNX) last released its earnings results on Monday, October 30th. The scientific and technical instruments company reported $1.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.09. Cognex Corporation had a return on equity of 23.31% and a net margin of 34.77%. The company had revenue of $259.74 million for the quarter, compared to analysts’ expectations of $255.95 million. During the same quarter in the previous year, the business posted $0.61 EPS. The business’s revenue for the quarter was up 75.6% on a year-over-year basis.
CGNX has been the topic of a number of analyst reports. Zacks Investment Research cut Cognex Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. BidaskClub upgraded Cognex Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 4th. J P Morgan Chase & Co cut Cognex Corporation from a “neutral” rating to an “underweight” rating and set a $125.00 price target on the stock. in a research report on Wednesday, November 8th. Robert W. Baird boosted their price objective on Cognex Corporation from $100.00 to $124.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. Finally, Canaccord Genuity boosted their price objective on Cognex Corporation from $95.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Cognex Corporation currently has a consensus rating of “Buy” and an average target price of $106.88.
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In other Cognex Corporation news, CEO Robert Willett sold 100,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $127.19, for a total transaction of $12,719,000.00. Following the transaction, the chief executive officer now owns 100,000 shares in the company, valued at approximately $12,719,000. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Theodor Krantz sold 15,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $134.05, for a total value of $2,010,750.00. Following the transaction, the director now owns 26,250 shares in the company, valued at approximately $3,518,812.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 158,991 shares of company stock valued at $19,974,890. Insiders own 5.60% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. AHL Partners LLP grew its position in Cognex Corporation by 0.8% during the 2nd quarter. AHL Partners LLP now owns 2,842 shares of the scientific and technical instruments company’s stock worth $241,000 after acquiring an additional 23 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in Cognex Corporation by 2.4% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,999 shares of the scientific and technical instruments company’s stock worth $170,000 after buying an additional 47 shares during the period. Sawtooth Solutions LLC lifted its stake in shares of Cognex Corporation by 1.3% in the 2nd quarter. Sawtooth Solutions LLC now owns 4,009 shares of the scientific and technical instruments company’s stock valued at $340,000 after purchasing an additional 51 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Cognex Corporation by 0.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,645 shares of the scientific and technical instruments company’s stock valued at $1,074,000 after purchasing an additional 75 shares during the period. Finally, BB&T Corp lifted its stake in shares of Cognex Corporation by 2.0% in the 2nd quarter. BB&T Corp now owns 4,661 shares of the scientific and technical instruments company’s stock valued at $395,000 after purchasing an additional 92 shares during the period. Institutional investors and hedge funds own 85.51% of the company’s stock.
Cognex Corporation (CGNX) traded up $1.14 on Tuesday, reaching $137.50. The company had a trading volume of 770,500 shares, compared to its average volume of 740,384. Cognex Corporation has a 12-month low of $55.71 and a 12-month high of $138.61. The firm has a market cap of $11,806.95, a price-to-earnings ratio of 50.32 and a beta of 1.48.
Cognex Corporation shares are going to split before the market opens on Monday, December 4th. The 2-1 split was announced on Monday, October 30th. The newly issued shares will be distributed to shareholders after the closing bell on Friday, December 1st.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.26%. This is an increase from Cognex Corporation’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, November 16th. Cognex Corporation’s dividend payout ratio (DPR) is currently 12.55%.
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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