Perceptron (NASDAQ:PRCP) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Perceptron (NASDAQ:PRCP) issued its quarterly earnings data on Monday. The scientific and technical instruments company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.01), Fidelity Earnings reports. The company had revenue of $17.85 million for the quarter, compared to analyst estimates of $20.37 million. Perceptron had a positive return on equity of 0.17% and a negative net margin of 9.08%.

Shares of PRCP traded down $0.21 during mid-day trading on Tuesday, hitting $4.56. 13,271 shares of the company’s stock were exchanged, compared to its average volume of 19,554. The stock’s 50-day simple moving average is $4.64 and its 200-day simple moving average is $4.79. The firm has a market cap of $46.11 million, a price-to-earnings ratio of 456.00 and a beta of 0.91. Perceptron has a 52 week low of $3.56 and a 52 week high of $8.88.

Several brokerages have issued reports on PRCP. B. Riley cut their price objective on shares of Perceptron from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, September 9th. Zacks Investment Research downgraded shares of Perceptron from a “buy” rating to a “strong sell” rating in a research report on Thursday, November 7th.

Perceptron Company Profile

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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Earnings History for Perceptron (NASDAQ:PRCP)

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