Cognex (CGNX) Scheduled to Post Quarterly Earnings on Thursday

Cognex (NASDAQ:CGNX) is set to release its earnings data before the market opens on Thursday, May 2nd. Analysts expect Cognex to post earnings of $0.08 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Cognex (NASDAQ:CGNX) last posted its quarterly earnings data on Thursday, February 15th. The scientific and technical instruments company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04. The business had revenue of $196.70 million for the quarter, compared to analyst estimates of $189.16 million. Cognex had a net margin of 13.52% and a return on equity of 6.86%. Cognex’s quarterly revenue was down 17.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 earnings per share. On average, analysts expect Cognex to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Cognex Stock Performance

Shares of NASDAQ CGNX opened at $39.53 on Thursday. The firm’s 50 day moving average price is $40.33 and its 200-day moving average price is $38.81. The company has a market cap of $6.78 billion, a PE ratio of 59.89 and a beta of 1.49. Cognex has a 52-week low of $34.28 and a 52-week high of $59.51.

Cognex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were paid a $0.075 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.30 annualized dividend and a dividend yield of 0.76%. Cognex’s dividend payout ratio is presently 45.45%.

Insider Buying and Selling at Cognex

In related news, EVP Carl Gerst sold 6,782 shares of Cognex stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $40.54, for a total value of $274,942.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CGNX. StockNews.com cut shares of Cognex from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Citigroup increased their price objective on shares of Cognex from $41.00 to $43.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. UBS Group upgraded shares of Cognex from a “neutral” rating to a “buy” rating and increased their price objective for the company from $42.00 to $54.00 in a research report on Tuesday, March 19th. Finally, Truist Financial started coverage on shares of Cognex in a research note on Thursday, March 14th. They issued a “buy” rating and a $47.00 target price on the stock. Three analysts have rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $47.70.

About Cognex

Cognex Corporation provides machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to automate the manufacturing and tracking of discrete items, including mobile phones, electric vehicle batteries, and e-commerce packages by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process.