Cognex Corporation (CGNX) Set to Announce Earnings on Monday
Cognex Corporation (NASDAQ:CGNX) is scheduled to be releasing its earnings data after the market closes on Monday, October 30th. Analysts expect Cognex Corporation to post earnings of $1.05 per share for the quarter.
Cognex Corporation (NASDAQ:CGNX) last released its quarterly earnings results on Monday, July 31st. The scientific and technical instruments company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.08. Cognex Corporation had a return on equity of 19.51% and a net margin of 33.10%. The business had revenue of $172.90 million during the quarter, compared to the consensus estimate of $169.79 million. During the same quarter in the previous year, the business earned $0.50 EPS. The company’s quarterly revenue was up 17.4% on a year-over-year basis. On average, analysts expect Cognex Corporation to post $2.56 EPS for the current fiscal year and $2.63 EPS for the next fiscal year.
Cognex Corporation (CGNX) opened at 122.44 on Monday. The stock has a 50 day moving average price of $113.75 and a 200-day moving average price of $97.71. Cognex Corporation has a 52 week low of $49.68 and a 52 week high of $122.46. The stock has a market cap of $10.60 billion, a P/E ratio of 55.93 and a beta of 1.42.
CGNX has been the subject of a number of analyst reports. Cowen and Company reaffirmed an “outperform” rating and set a $135.00 target price (up previously from $100.00) on shares of Cognex Corporation in a research note on Tuesday, August 8th. Wolfe Research raised shares of Cognex Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, August 14th. Zacks Investment Research downgraded shares of Cognex Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Finally, BidaskClub downgraded shares of Cognex Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 30th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $82.75.
In other news, Director Patrick Alias sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $111.31, for a total transaction of $556,550.00. Following the sale, the director now owns 5,000 shares in the company, valued at $556,550. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Theodor Krantz sold 9,750 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $103.78, for a total transaction of $1,011,855.00. Following the sale, the director now owns 22,500 shares in the company, valued at approximately $2,335,050. The disclosure for this sale can be found here. In the last quarter, insiders have sold 126,750 shares of company stock worth $13,242,726. Corporate insiders own 5.60% of the company’s stock.
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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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