Analogic’s (ALOG) “Hold” Rating Reiterated at Jefferies Group
Jefferies Group reiterated their hold rating on shares of Analogic (NASDAQ:ALOG) in a research report released on Friday. Jefferies Group currently has a $80.00 price target on the medical research company’s stock. Jefferies Group also issued estimates for Analogic’s Q2 2018 earnings at $0.68 EPS, Q3 2018 earnings at $0.76 EPS, Q4 2018 earnings at $0.66 EPS, FY2018 earnings at $2.86 EPS, FY2019 earnings at $3.00 EPS, FY2020 earnings at $3.25 EPS, FY2021 earnings at $3.40 EPS and FY2022 earnings at $3.57 EPS.
Other analysts have also issued research reports about the company. BidaskClub lowered Analogic from a hold rating to a sell rating in a report on Thursday. Zacks Investment Research raised Analogic from a hold rating to a buy rating and set a $97.00 target price for the company in a report on Friday. 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’s stock. Analogic presently has an average rating of Hold and a consensus target price of $88.33.
Analogic (NASDAQ ALOG) opened at $86.00 on Friday. Analogic has a 52-week low of $66.00 and a 52-week high of $88.45. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.58 and a current ratio of 5.82. The firm has a market capitalization of $1,073.71, a P/E ratio of 44.10, a P/E/G ratio of 4.30 and a beta of 0.86.
Analogic (NASDAQ:ALOG) last posted its quarterly earnings data on Wednesday, December 6th. The medical research company reported $0.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.32. The company had revenue of $106.90 million during the quarter, compared to analyst estimates of $100.55 million. Analogic had a positive return on equity of 5.09% and a negative net margin of 15.06%. The firm’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter last year, the company earned $0.43 EPS. equities analysts forecast that Analogic will post 2.86 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Thursday, December 14th. Analogic’s payout ratio is -6.99%.
Hedge funds have recently added to or reduced their stakes in the company. Flinton Capital Management LLC boosted its stake in shares of Analogic by 100.0% in the 2nd quarter. Flinton Capital Management LLC now owns 1,768 shares of the medical research company’s stock worth $129,000 after buying an additional 884 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new position in shares of Analogic in the 3rd quarter worth $224,000. Piedmont Investment Advisors LLC purchased a new position in shares of Analogic in the 3rd quarter worth $227,000. Crossmark Global Holdings Inc. purchased a new position in shares of Analogic in the 3rd quarter worth $250,000. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Analogic in the 2nd quarter worth $263,000. Hedge funds and other institutional investors own 97.61% of the company’s stock.
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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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