Perceptron, Inc. to Post Q2 2018 Earnings of $0.15 Per Share, Craig Hallum Forecasts (PRCP)
Perceptron, Inc. (NASDAQ:PRCP) – Craig Hallum boosted their Q2 2018 earnings estimates for shares of Perceptron in a research report issued on Tuesday. Craig Hallum analyst G. Palm now expects that the scientific and technical instruments company will post earnings per share of $0.15 for the quarter, up from their previous forecast of $0.13. Craig Hallum also issued estimates for Perceptron’s Q3 2018 earnings at $0.11 EPS, Q4 2018 earnings at $0.22 EPS, FY2018 earnings at $0.41 EPS and FY2019 earnings at $0.59 EPS.
Perceptron (NASDAQ:PRCP) last posted its quarterly earnings data on Monday, August 28th. The scientific and technical instruments company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.02. Perceptron had a positive return on equity of 1.02% and a negative net margin of 0.22%. The business had revenue of $22.35 million for the quarter, compared to analyst estimates of $19.80 million.
Separately, Zacks Investment Research raised shares of Perceptron from a “hold” rating to a “buy” rating and set a $8.25 price target for the company in a research note on Tuesday, July 11th.
Perceptron (PRCP) opened at 7.52 on Thursday. Perceptron has a 1-year low of $5.59 and a 1-year high of $8.95. The stock’s 50 day moving average is $7.31 and its 200-day moving average is $7.79. The firm’s market capitalization is $70.88 million.
Several large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. acquired a new stake in Perceptron during the first quarter valued at approximately $106,000. Trent Capital Management Inc. NC acquired a new stake in Perceptron during the second quarter valued at approximately $138,000. ClariVest Asset Management LLC acquired a new stake in Perceptron during the first quarter valued at approximately $217,000. Kennedy Capital Management Inc. increased its stake in Perceptron by 2.9% in the second quarter. Kennedy Capital Management Inc. now owns 27,874 shares of the scientific and technical instruments company’s stock valued at $203,000 after buying an additional 788 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Perceptron by 3.3% in the second quarter. Northern Trust Corp now owns 31,207 shares of the scientific and technical instruments company’s stock valued at $227,000 after buying an additional 983 shares during the last quarter. 63.18% of the stock is owned by institutional investors.
Perceptron Company Profile
Perceptron, Inc develops, produces and sells a range of automated industrial metrology products and solutions to manufacturing organizations for dimensional gauging, dimensional inspection and three-dimensional (3D) scanning. The Company’s products include 3D machine vision solutions, robot guidance, coordinate measuring machines (CMMs), laser scanning and advanced analysis software.
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