Analogic Corporation (ALOG) Issues FY18 Earnings Guidance
Analogic Corporation (NASDAQ:ALOG) updated its FY18 earnings guidance on Monday. The company provided EPS guidance of $2.70-2.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.80. The company issued revenue guidance of $445-460 million, compared to the consensus revenue estimate of $453.73 million.
Several research firms have recently weighed in on ALOG. Jefferies Group LLC began coverage on Analogic Corporation in a research note on Wednesday, August 9th. They issued a hold rating and a $75.00 price objective on the stock. Zacks Investment Research raised Analogic Corporation from a hold rating to a buy rating and set a $93.00 price objective on the stock in a research note on Tuesday, October 10th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $85.25.
Analogic Corporation (NASDAQ:ALOG) opened at 81.85 on Monday. The firm’s market capitalization is $1.02 billion. Analogic Corporation has a 1-year low of $66.00 and a 1-year high of $95.85. The stock has a 50 day moving average price of $78.48 and a 200 day moving average price of $73.13.
The company also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.49%. The ex-dividend date was Thursday, September 28th. Analogic Corporation’s payout ratio is currently -6.70%.
About Analogic Corporation
Analogic Corporation designs, manufactures and commercializes guidance, diagnostic imaging and threat detection technologies. The Company operates through three segments: Medical Imaging, Ultrasound, and Security and Detection. The Company’s Medical Imaging segment provides medical imaging systems and subsystems for computed tomography (CT), magnetic resonance imaging (MRI) and high-resolution digital mammography.
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