Analogic (ALOG) Releases Quarterly Earnings, Misses Estimates By $0.09 EPS
Analogic (NASDAQ:ALOG) released its earnings data on Thursday. The company reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by $0.09, Stock Ratings News reports. The company had revenue of $124.00 million for the quarter, compared to the consensus estimate of $126.55 million.
ALOG has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Analogic from an “underperform” rating to a “neutral” rating in a research note on Wednesday, May 7th. They now have a $72.50 price target on the stock. On a related note, analysts at Sidoti upgraded shares of Analogic from a “neutral” rating to a “buy” rating in a research note on Friday, March 14th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Analogic presently has a consensus rating of “Buy” and an average price target of $91.88.
Analogic (NASDAQ:ALOG) traded up 0.59% during mid-day trading on Thursday, hitting $69.60. The stock had a trading volume of 172,510 shares. Analogic has a 52-week low of $65.63 and a 52-week high of $99.97. The stock’s 50-day moving average is $74.54 and its 200-day moving average is $85.52. The company has a market cap of $863.9 million and a price-to-earnings ratio of 26.82.
Analogic Corporation (NASDAQ:ALOG) is a technology company.
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