Cognex (CGNX) Scheduled to Post Quarterly Earnings on Thursday

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

Cognex (NASDAQ:CGNX) last announced its earnings results on Thursday, February 15th. The scientific and technical instruments company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. The business had revenue of $196.70 million during 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 revenue for the quarter was down 17.8% on a year-over-year basis. During the same period in the previous year, the business 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 CGNX opened at $41.41 on Tuesday. The firm has a market cap of $7.11 billion, a price-to-earnings ratio of 62.74 and a beta of 1.49. Cognex has a fifty-two week low of $34.28 and a fifty-two week high of $59.51. The firm has a 50 day moving average price of $40.47 and a 200-day moving average price of $38.79.

Cognex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 29th were issued a $0.075 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.72%. Cognex’s payout ratio is 45.46%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CGNX shares. StockNews.com lowered shares of Cognex from a “hold” rating to a “sell” rating in a report on Monday, February 19th. UBS Group upgraded shares of Cognex from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $42.00 to $54.00 in a report on Tuesday, March 19th. Truist Financial assumed coverage on shares of Cognex in a report on Thursday, March 14th. They set a “buy” rating and a $47.00 price target for the company. Finally, Citigroup upped their price target on shares of Cognex from $41.00 to $43.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Cognex currently has a consensus rating of “Hold” and a consensus target price of $47.70.

Insider Buying and Selling at Cognex

In other Cognex news, EVP Carl Gerst sold 6,782 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $40.54, for a total transaction of $274,942.28. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.30% of the company’s stock.

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.