Hurco Companies (HURC) Issues Earnings Results

Hurco Companies (NASDAQ:HURC) issued its quarterly earnings data on Friday. The scientific and technical instruments company reported $1.00 earnings per share for the quarter, Bloomberg Earnings reports. Hurco Companies had a return on equity of 6.00% and a net margin of 4.88%.

Hurco Companies (NASDAQ:HURC) opened at $45.40 on Friday. The stock has a market capitalization of $279.54, a price-to-earnings ratio of 26.71 and a beta of 0.52. Hurco Companies has a 52-week low of $26.25 and a 52-week high of $46.75.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Wednesday, January 3rd will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Tuesday, January 2nd. Hurco Companies’s payout ratio is 23.53%.

In other Hurco Companies news, Director Robert W. Cruickshank sold 1,000 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of $45.00, for a total value of $45,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 8.30% of the company’s stock.

Several equities research analysts have recently commented on HURC shares. ValuEngine cut Hurco Companies from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub cut Hurco Companies from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd.

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Hurco Companies Company Profile

Hurco Companies, Inc is an industrial technology company. The Company designs, manufactures and sells computerized (Computer Numeric Control (CNC)) machine tools, consisting primarily of vertical machining centers (mills) and turning centers (lathes), to companies in the metal cutting industry. It operates in the industrial automation equipment segment.

Earnings History for Hurco Companies (NASDAQ:HURC)

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