Analogic Co. (NASDAQ:ALOG) – Investment analysts at Jefferies Group dropped their Q3 2018 earnings per share (EPS) estimates for shares of Analogic in a report issued on Wednesday. Jefferies Group analyst A. Petrone now expects that the medical research company will post earnings of $0.76 per share for the quarter, down from their prior forecast of $1.00. Jefferies Group currently has a “Hold” rating and a $80.00 target price on the stock.

Analogic (NASDAQ:ALOG) last announced its quarterly earnings data on Wednesday, December 6th. The medical research company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.32. Analogic had a positive return on equity of 5.09% and a negative net margin of 15.06%. The business had revenue of $106.90 million during the quarter, compared to analyst estimates of $100.55 million. During the same period in the prior year, the company earned $0.43 earnings per share. Analogic’s revenue was down 11.7% compared to the same quarter last year.

A number of other research firms have also commented on ALOG. Zacks Investment Research raised Analogic from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a report on Friday. BidaskClub lowered Analogic from a “hold” rating to a “sell” rating in a report on Thursday. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $88.33.

Analogic (ALOG) opened at $86.00 on Monday. Analogic has a twelve month low of $66.00 and a twelve month high of $88.45. The company has a market capitalization of $1,073.69, a price-to-earnings ratio of 44.10, a PEG ratio of 4.30 and a beta of 0.86.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Thursday, December 14th. Analogic’s payout ratio is currently -6.99%.

Institutional investors have recently bought and sold shares of the company. Flinton Capital Management LLC boosted its holdings in shares of Analogic by 100.0% in the second quarter. Flinton Capital Management LLC now owns 1,768 shares of the medical research company’s stock worth $129,000 after acquiring an additional 884 shares during the period. State Board of Administration of Florida Retirement System purchased a new stake in shares of Analogic in the third quarter worth $224,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Analogic in the third quarter worth $227,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Analogic in the third quarter worth $250,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Analogic in the second quarter worth $263,000. 97.82% of the stock is owned by hedge funds and other institutional investors.

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Analogic Company Profile

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.

Earnings History and Estimates for Analogic (NASDAQ:ALOG)

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