Hardinge (HDNG) Posts Quarterly Earnings, Beats Estimates By $0.04 EPS
Hardinge (NASDAQ:HDNG) released its earnings data on Thursday. The company reported ($0.04) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.08) by $0.04, American Banking News.com reports. The company had revenue of $70.90 million for the quarter, compared to the consensus estimate of $67.20 million.
Hardinge (NASDAQ:HDNG) traded down 1.08% on Thursday, hitting $12.86. 1,642 shares of the company’s stock traded hands. Hardinge has a 52 week low of $12.00 and a 52 week high of $16.88. The stock has a 50-day moving average of $13.95 and a 200-day moving average of $14.3. The company has a market cap of $161.9 million and a P/E ratio of 15.57.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, June 10th. Investors of record on Monday, June 2nd will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Thursday, May 29th.
Hardinge Inc (NASDAQ:HDNG) is a designer, manufacturer and distributor of machine tools, specializing in precision computer numerically controlled metal-cutting machines.
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