Financial Analysis: Newport (NEWP) vs. Its Peers
Newport (NASDAQ: NEWP) is one of 51 publicly-traded companies in the “Industrial Machinery & Equipment” industry, but how does it weigh in compared to its peers? We will compare Newport to related companies based on the strength of its dividends, profitability, risk, institutional ownership, valuation, analyst recommendations and earnings.
Institutional and Insider Ownership
80.0% of shares of all “Industrial Machinery & Equipment” companies are owned by institutional investors. 5.5% of shares of all “Industrial Machinery & Equipment” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
This is a summary of recent ratings and price targets for Newport and its peers, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
As a group, “Industrial Machinery & Equipment” companies have a potential upside of 0.18%. Given Newport’s peers higher probable upside, analysts plainly believe Newport has less favorable growth aspects than its peers.
Earnings & Valuation
This table compares Newport and its peers revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Newport Competitors||$3.33 billion||$240.04 million||432.65|
Newport’s peers have higher revenue and earnings than Newport. Newport is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
This table compares Newport and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
Newport peers beat Newport on 5 of the 8 factors compared.
Newport Corporation is a supplier of technology products and systems. The Company offers its products and services to a range of industries, including scientific research, microelectronics, defense and security, life and health sciences, and industrial markets. The Company operates through three business segments: Photonics Group, which includes photonics instruments and systems, vibration isolation systems and subsystems, precision positioning systems and subsystems, optical components for research applications, optical hardware, and three-dimensional non-contact measurement sensors and equipment; Lasers Group, which offers a portfolio of laser technology products and services, including ultrafast lasers and amplifiers, fiber lasers, diode-pumped solid-state lasers, and high-energy pulsed lasers and tunable lasers, and Optics Group, which offers precision optics and lens assemblies, thin-film filters and coatings, replicated mirrors, and ruled and holographic diffraction gratings.
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