Perceptron, Inc. (PRCP) Issues Quarterly Earnings Results, Beats Expectations By $0.23 EPS
Perceptron, Inc. (NASDAQ:PRCP) announced its quarterly earnings data on Monday. The scientific and technical instruments company reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.23, Bloomberg Earnings reports. Perceptron had a positive return on equity of 1.00% and a negative net margin of 0.22%. The company had revenue of $19.27 million during the quarter, compared to analyst estimates of $17.50 million.
Perceptron (NASDAQ PRCP) traded up $0.11 during mid-day trading on Tuesday, reaching $7.68. The company’s stock had a trading volume of 22,214 shares, compared to its average volume of 20,912. Perceptron has a 1-year low of $5.59 and a 1-year high of $8.95. The stock has a market cap of $71.80, a price-to-earnings ratio of 189.25, a PEG ratio of 0.62 and a beta of 0.38.
A hedge fund recently raised its stake in Perceptron stock. Northern Trust Corp increased its position in Perceptron, Inc. (NASDAQ:PRCP) by 3.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,207 shares of the scientific and technical instruments company’s stock after purchasing an additional 983 shares during the period. Northern Trust Corp owned approximately 0.33% of Perceptron worth $227,000 at the end of the most recent quarter. Institutional investors own 62.77% of the company’s stock.
Separately, Zacks Investment Research lowered Perceptron from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st.
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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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