Luminex (NASDAQ:LMNX) announced its quarterly earnings results on Monday. The medical instruments supplier reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.11, Bloomberg Earnings reports. Luminex had a net margin of 9.52% and a return on equity of 6.01%. The company had revenue of $78.20 million for the quarter, compared to analysts’ expectations of $77.33 million. During the same quarter in the previous year, the company earned $0.11 earnings per share. Luminex’s quarterly revenue was up 8.2% on a year-over-year basis.
Luminex (NASDAQ:LMNX) opened at $19.31 on Tuesday. Luminex has a 52-week low of $17.68 and a 52-week high of $22.42. The stock has a market cap of $839.68, a PE ratio of 29.26, a P/E/G ratio of 1.82 and a beta of 0.13.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 23rd will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, March 22nd. Luminex’s dividend payout ratio is currently 36.36%.
In related news, Director G Walter Loewenbaum II sold 50,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $21.79, for a total transaction of $1,089,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 131,698 shares of company stock worth $2,761,201 in the last three months. 6.90% of the stock is currently owned by insiders.
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Luminex Corporation develops, manufactures and sells biological testing technologies with applications throughout the diagnostics, pharmaceutical and life sciences industries. The Company’s products are focused on the molecular diagnostic testing market, which includes human genetics, personalized medicine and infectious disease segments.
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