Analogic (ALOG) Posts Earnings Results, Beats Expectations By $0.32 EPS
Analogic (NASDAQ:ALOG) issued its earnings results on Wednesday. The medical research company reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.32, Briefing.com reports. The firm had revenue of $106.90 million during the quarter, compared to analyst estimates of $100.55 million. Analogic had a negative net margin of 15.27% and a positive return on equity of 4.27%. The business’s revenue was down 11.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 earnings per share. Analogic updated its FY18 guidance to $2.75-2.90 EPS.
Shares of Analogic (NASDAQ ALOG) traded down $0.55 on Wednesday, hitting $81.05. 47,300 shares of the stock were exchanged, compared to its average volume of 94,605. The stock has a market capitalization of $1,018.75, a price-to-earnings ratio of 48.57, a P/E/G ratio of 4.16 and a beta of 0.86. Analogic has a 1 year low of $66.00 and a 1 year high of $91.40.
ALOG has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Analogic from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research note on Tuesday, October 10th. Jefferies Group initiated coverage on shares of Analogic in a research note on Wednesday, August 9th. They set a “hold” rating and a $75.00 target price for the company. Four research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average target price of $85.25.
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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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