Analysts Anticipate Perceptron, Inc. (PRCP) to Announce $0.15 EPS

Shares of Perceptron, Inc. (NASDAQ:PRCP) have received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokerages have set a 12 month consensus price target of $12.00 for the company and are predicting that the company will post $0.15 earnings per share for the current quarter, according to Zacks. Zacks has also given Perceptron an industry rank of 21 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research raised Perceptron from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a research report on Thursday, October 5th.

Institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. bought a new stake in shares of Perceptron in the 1st quarter worth approximately $106,000. Macquarie Group Ltd. purchased a new position in Perceptron in the 3rd quarter worth approximately $116,000. Kennedy Capital Management Inc. raised its holdings in Perceptron by 2.9% in the 2nd quarter. Kennedy Capital Management Inc. now owns 27,874 shares of the scientific and technical instruments company’s stock worth $203,000 after acquiring an additional 788 shares during the last quarter. Northern Trust Corp raised its holdings in Perceptron by 3.3% in the 2nd quarter. Northern Trust Corp now owns 31,207 shares of the scientific and technical instruments company’s stock worth $227,000 after acquiring an additional 983 shares during the last quarter. Finally, First Republic Investment Management Inc. raised its holdings in Perceptron by 4.8% in the 3rd quarter. First Republic Investment Management Inc. now owns 114,168 shares of the scientific and technical instruments company’s stock worth $901,000 after acquiring an additional 5,203 shares during the last quarter. 63.87% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Perceptron (PRCP) traded down $0.12 on Friday, hitting $9.58. The stock had a trading volume of 9,600 shares, compared to its average volume of 37,835. Perceptron has a 12-month low of $5.96 and a 12-month high of $10.71. The company has a market cap of $92.02, a PE ratio of 24.25, a P/E/G ratio of 0.79 and a beta of 0.54.

Perceptron (NASDAQ:PRCP) last issued its quarterly earnings results on Monday, November 6th. The scientific and technical instruments company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.23. Perceptron had a return on equity of 9.57% and a net margin of 4.70%. The firm had revenue of $19.27 million for the quarter, compared to analysts’ expectations of $17.50 million. research analysts forecast that Perceptron will post 0.41 earnings per share for the current fiscal year.

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Perceptron Company Profile

Perceptron, Inc develops, produces and sells a range of automated industrial metrology products and solutions to manufacturing organizations for dimensional gauging, dimensional inspection and three-dimensional (3D) scanning. The Company’s products include 3D machine vision solutions, robot guidance, coordinate measuring machines (CMMs), laser scanning and advanced analysis software.

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