Analogic Co. (ALOG) Forecasted to Post Q3 2018 Earnings of $0.76 Per Share
Analogic Co. (NASDAQ:ALOG) – Research analysts at Jefferies Group cut their Q3 2018 earnings estimates for shares of Analogic in a note issued to investors on Wednesday. Jefferies Group analyst A. Petrone now anticipates that the medical research company will post earnings of $0.76 per share for the quarter, down from their previous estimate of $1.00. Jefferies Group currently has a “Hold” rating and a $80.00 target price on the stock.
Several other brokerages also recently issued reports on ALOG. Zacks Investment Research raised shares of Analogic from a “hold” rating to a “buy” rating and set a $97.00 price objective on the stock in a research note on Friday, December 8th. BidaskClub downgraded shares of Analogic from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $88.33.
Shares of Analogic (NASDAQ:ALOG) traded down $1.70 on Monday, hitting $83.10. 180,700 shares of the company traded hands, compared to its average volume of 95,744. The stock has a market capitalization of $1,058.71, a P/E ratio of 43.49, a price-to-earnings-growth ratio of 4.24 and a beta of 0.86. Analogic has a fifty-two week low of $66.00 and a fifty-two week high of $88.45.
Analogic (NASDAQ:ALOG) last released its quarterly earnings results on Wednesday, December 6th. The medical research company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.43 by $0.32. The business had revenue of $106.90 million for the quarter, compared to analyst estimates of $100.55 million. Analogic had a negative net margin of 15.06% and a positive return on equity of 5.09%. The company’s quarterly revenue was down 11.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 earnings per share.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Teachers Advisors LLC raised its stake in Analogic by 2.5% during the first quarter. Teachers Advisors LLC now owns 26,530 shares of the medical research company’s stock worth $2,014,000 after purchasing an additional 653 shares during the period. Morgan Stanley raised its stake in Analogic by 24.5% during the first quarter. Morgan Stanley now owns 46,331 shares of the medical research company’s stock worth $3,518,000 after purchasing an additional 9,108 shares during the period. Renaissance Technologies LLC purchased a new position in Analogic during the first quarter worth approximately $1,252,000. Credit Suisse AG raised its stake in Analogic by 1.9% during the first quarter. Credit Suisse AG now owns 14,619 shares of the medical research company’s stock worth $1,109,000 after purchasing an additional 277 shares during the period. Finally, Strs Ohio raised its stake in Analogic by 6.1% during the second quarter. Strs Ohio now owns 10,400 shares of the medical research company’s stock worth $755,000 after purchasing an additional 600 shares during the period. 97.82% of the stock is currently owned by institutional investors and hedge funds.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend is Thursday, December 14th. Analogic’s payout ratio is -6.99%.
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Analogic Company Profile
Analogic Corporation designs, manufactures and commercializes guidance, diagnostic imaging and threat detection technologies. The Company operates through three segments: Medical Imaging, Ultrasound, and Security and Detection. The Company’s Medical Imaging segment provides medical imaging systems and subsystems for computed tomography (CT), magnetic resonance imaging (MRI) and high-resolution digital mammography.
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