Hardinge (HDNG) Releases Quarterly Earnings Results
Hardinge (NASDAQ:HDNG) released its earnings data on Thursday. The company reported $0.11 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.13 by $0.02, Stock Ratings News reports. The company had revenue of $78.85 million for the quarter, compared to the consensus estimate of $79.36 million.
Shares of Hardinge (NASDAQ:HDNG) traded down 1.90% on Thursday, hitting $11.37. The stock had a trading volume of 5,635 shares. Hardinge has a 52-week low of $11.33 and a 52-week high of $16.23. The stock’s 50-day moving average is $12.12 and its 200-day moving average is $13.23. The company has a market cap of $145.8 million and a price-to-earnings ratio of 14.76.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders of record on Tuesday, September 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 0.69%. The ex-dividend date of this dividend is Thursday, August 28th.
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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