Cognex (CGNX) to Release Earnings on Monday
Cognex (NASDAQ:CGNX) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Cognex has set its Q1 2019 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.
Cognex (NASDAQ:CGNX) last announced its quarterly earnings results on Thursday, February 14th. The scientific and technical instruments company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. Cognex had a return on equity of 19.75% and a net margin of 27.19%. The business had revenue of $193.29 million for the quarter, compared to analysts’ expectations of $184.82 million. During the same period in the prior year, the firm earned ($0.16) EPS. The business’s quarterly revenue was up 5.7% on a year-over-year basis. On average, analysts expect Cognex to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
CGNX opened at $56.50 on Monday. Cognex has a 12 month low of $34.88 and a 12 month high of $59.18. The company has a market capitalization of $9.68 billion, a P/E ratio of 45.56, a price-to-earnings-growth ratio of 2.99 and a beta of 1.99.
CGNX has been the subject of a number of research analyst reports. BidaskClub lowered Cognex from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 7th. Zacks Investment Research raised Cognex from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Thursday, January 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective (up from $47.00) on shares of Cognex in a report on Tuesday, February 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. Cognex presently has an average rating of “Hold” and an average price target of $50.10.
TRADEMARK VIOLATION WARNING: This story was published by Watch List News and is owned by of Watch List News. If you are reading this story on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The correct version of this story can be accessed at https://www.watchlistnews.com/cognex-cgnx-to-release-earnings-on-monday/2980187.html.
Cognex Company Profile
Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate tasks primarily in manufacturing processes worldwide. It provides machine vision products, which are used to automate the manufacture and tracking of discrete items, including mobile phones, aspirin bottles, and automobile tires by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process.
Further Reading: What are convertible shares?
Receive News & Ratings for Cognex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognex and related companies with MarketBeat.com's FREE daily email newsletter.