Oxford Instruments (LON:OXIG) released its quarterly earnings results on Tuesday. The company reported GBX 56.30 ($0.75) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 54.20 ($0.72) by GBX 2.10 ($0.03), Bloomberg Earnings reports. Oxford Instruments had a net margin of 7.57% and a return on equity of 13.16%.

Oxford Instruments traded up GBX 48 ($0.64), reaching GBX 1,064 ($14.17), during mid-day trading on Thursday, MarketBeat.com reports. The stock had a trading volume of 140,879 shares, compared to its average volume of 49,802. Oxford Instruments has a 12 month low of GBX 680 ($9.05) and a 12 month high of GBX 1,174 ($15.63).

The company also recently disclosed a dividend, which will be paid on Friday, October 19th. Investors of record on Thursday, September 13th will be paid a GBX 9.60 ($0.13) dividend. This represents a yield of 0.96%. This is a boost from Oxford Instruments’s previous dividend of $3.70. The ex-dividend date is Thursday, September 13th.

In other news, insider Gavin Hill acquired 235 shares of the firm’s stock in a transaction that occurred on Friday, April 6th. The shares were acquired at an average cost of GBX 763 ($10.16) per share, with a total value of £1,793.05 ($2,387.23). Insiders purchased 268 shares of company stock worth $209,717 over the last three months.

OXIG has been the subject of a number of analyst reports. Jefferies Financial Group upgraded shares of Oxford Instruments to a “hold” rating and dropped their price target for the company from GBX 850 ($11.32) to GBX 845 ($11.25) in a research report on Thursday, February 22nd. Peel Hunt reiterated a “hold” rating and issued a GBX 1,020 ($13.58) price target on shares of Oxford Instruments in a research report on Tuesday, February 27th. Liberum Capital reiterated a “buy” rating and issued a GBX 1,100 ($14.65) price target on shares of Oxford Instruments in a research report on Tuesday, March 6th. Shore Capital reiterated a “hold” rating and issued a GBX 795 ($10.58) price target on shares of Oxford Instruments in a research report on Wednesday, April 11th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Oxford Instruments in a research report on Thursday, April 12th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Oxford Instruments presently has a consensus rating of “Buy” and an average price target of GBX 1,050.63 ($13.99).

About Oxford Instruments

Oxford Instruments plc, through its subsidiaries, researches, develops, manufactures, rents, sells, and services tools and systems in the United States, rest of Europe, rest of Asia, the United Kingdom, Japan, China, Germany, and internationally. The company's Nanotechnology Tools segment provides high performance scientific imaging cameras, spectroscopy solutions, and microscopy systems for research and OEM markets; atomic force probe microscopy for materials and bioscience applications; 3D and 4D image visualization and analysis software; and nanoanalysis solutions for materials characterization and nanofabrication on scanning electron microscopes, focussed ion beams, and transmission electron microscopes.

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