Shares of Perceptron, Inc. (NASDAQ:PRCP) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokers have set a 1-year consensus price target of $13.00 for the company and are expecting that the company will post $0.06 earnings per share for the current quarter, according to Zacks. Zacks has also given Perceptron an industry rank of 24 out of 256 based on the ratings given to related companies.
A number of equities research analysts recently issued reports on the stock. ValuEngine lowered shares of Perceptron from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. B. Riley assumed coverage on shares of Perceptron in a report on Thursday, December 20th. They issued a “buy” rating and a $13.00 price objective for the company.
Perceptron (NASDAQ:PRCP) last announced its quarterly earnings data on Wednesday, November 7th. The scientific and technical instruments company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.05. Perceptron had a net margin of 3.51% and a return on equity of 7.55%. The firm had revenue of $21.44 million during the quarter. On average, sell-side analysts anticipate that Perceptron will post 0.56 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the business. PEAK6 Investments LLC purchased a new position in Perceptron during the third quarter worth about $130,000. Simplex Trading LLC boosted its stake in Perceptron by 37,122.0% during the third quarter. Simplex Trading LLC now owns 18,611 shares of the scientific and technical instruments company’s stock worth $181,000 after buying an additional 18,561 shares during the period. Quantum Capital Management boosted its stake in Perceptron by 127.6% during the second quarter. Quantum Capital Management now owns 90,515 shares of the scientific and technical instruments company’s stock worth $955,000 after buying an additional 50,744 shares during the period. Essex Investment Management Co. LLC boosted its stake in Perceptron by 47.0% during the third quarter. Essex Investment Management Co. LLC now owns 98,356 shares of the scientific and technical instruments company’s stock worth $959,000 after buying an additional 31,444 shares during the period. Finally, Vanguard Group Inc boosted its stake in Perceptron by 1.1% during the third quarter. Vanguard Group Inc now owns 287,783 shares of the scientific and technical instruments company’s stock worth $2,806,000 after buying an additional 3,100 shares during the period. 70.08% of the stock is owned by institutional investors.
Perceptron, Inc develops, produces, and sells various automated industrial metrology products and solutions to manufacturing organizations for dimensional gauging, dimensional inspection, and 3D scanning in Europe, Asia, and the Americas. It provides various in-line and near-line measurement solutions, including AutoGauge, AutoGauge ACF, AutoGuide, and Helix evo engineered metrology systems for industrial automated process control and assembly using fixed and robot mounted laser scanners; and offline measurement solutions comprising Coord3 and TouchDMIS for industrial gauging and dimensional inspection using standalone robot mounted laser scanners and coordinate measuring machines.
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