Hurco Companies (HURC) Releases Quarterly Earnings Results
Hurco Companies (NASDAQ:HURC) issued its quarterly earnings data on Friday. The scientific and technical instruments company reported $1.00 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. Hurco Companies had a return on equity of 6.00% and a net margin of 4.88%.
Hurco Companies (HURC) opened at $45.40 on Friday. The firm has a market capitalization of $279.54, a P/E ratio of 26.71 and a beta of 0.52. Hurco Companies has a 12-month low of $26.25 and a 12-month high of $46.75.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Wednesday, January 3rd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Tuesday, January 2nd. Hurco Companies’s dividend payout ratio is currently 23.53%.
In other news, Director Robert W. Cruickshank sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $45.00, for a total transaction of $45,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 8.30% of the company’s stock.
Several equities analysts have recently weighed in on HURC shares. ValuEngine downgraded Hurco Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. BidaskClub downgraded Hurco Companies from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd.
About Hurco Companies
Hurco Companies, Inc is an industrial technology company. The Company designs, manufactures and sells computerized (Computer Numeric Control (CNC)) machine tools, consisting primarily of vertical machining centers (mills) and turning centers (lathes), to companies in the metal cutting industry. It operates in the industrial automation equipment segment.
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