Analogic Corporation (ALOG) Posts Earnings Results, Misses Expectations By $2.02 EPS
Analogic Corporation (NASDAQ:ALOG) issued its quarterly earnings results on Tuesday. The medical research company reported ($1.55) EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($2.02), reports. Analogic Corporation had a positive return on equity of 6.75% and a negative net margin of 7.97%. The company had revenue of $111.55 million during the quarter, compared to the consensus estimate of $115.80 million. During the same period in the prior year, the firm earned $1.02 earnings per share. The business’s revenue for the quarter was down 19.2% compared to the same quarter last year. Analogic Corporation updated its FY18 guidance to $2.70-2.90 EPS.
Shares of Analogic Corporation (ALOG) opened at 75.95 on Wednesday. The stock has a 50 day moving average price of $71.91 and a 200-day moving average price of $72.12. Analogic Corporation has a 12 month low of $66.00 and a 12 month high of $95.85. The company’s market capitalization is $947.10 million.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.53%. Analogic Corporation’s dividend payout ratio is currently -12.16%.
Separately, Jefferies Group LLC started coverage on Analogic Corporation in a research report on Wednesday, August 9th. They issued a “hold” rating and a $75.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $87.00.
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About Analogic Corporation
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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