FY2025 EPS Estimates for Cognex Reduced by Cantor Fitzgerald

Key Points

• Cantor Fitzgerald has lowered its FY2025 earnings per share estimate for Cognex Corporation from $0.66 to $0.62, reflecting a cautious outlook for the company's financial performance.
• Other analysts have varied opinions on Cognex, with Needham & Company raising its price target from $36.00 to $45.00 and maintaining a "buy" rating, while DA Davidson set a "neutral" rating at a $32.00 price target.
• Cognex recently reported a quarterly EPS of $0.25, exceeding expectations, and declared a dividend of $0.08 per share, which reflects a 0.8% yield.

Cognex Corporation (NASDAQ:CGNX - Free Report) - Investment analysts at Cantor Fitzgerald decreased their FY2025 EPS estimates for Cognex in a report issued on Friday, August 1st. Cantor Fitzgerald analyst T. Jensen now anticipates that the scientific and technical instruments company will post earnings of $0.62 per share for the year, down from their previous forecast of $0.66. The consensus estimate for Cognex's current full-year earnings is $0.61 per share. Cantor Fitzgerald also issued estimates for Cognex's FY2026 earnings at $0.95 EPS.

A number of other research firms have also commented on CGNX. Needham & Company LLC lifted their target price on Cognex from $36.00 to $45.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Melius upgraded Cognex from a "hold" rating to a "buy" rating and set a $60.00 target price on the stock in a research report on Thursday, July 10th. Citigroup reiterated a "neutral" rating and issued a $37.00 price target (up from $30.00) on shares of Cognex in a research report on Monday, July 14th. Robert W. Baird increased their target price on Cognex from $30.00 to $32.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. Finally, The Goldman Sachs Group raised their target price on shares of Cognex from $29.00 to $32.00 and gave the company a "sell" rating in a research note on Thursday, June 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Cognex has an average rating of "Moderate Buy" and an average target price of $42.31.

Cognex Trading Down 2.3%

Cognex stock traded down $0.97 during mid-day trading on Monday, hitting $40.89. The company had a trading volume of 2,454,941 shares, compared to its average volume of 2,118,205. The company has a market capitalization of $6.87 billion, a PE ratio of 57.59 and a beta of 1.47. The stock's 50 day moving average price is $32.70 and its two-hundred day moving average price is $31.83. Cognex has a 12 month low of $22.67 and a 12 month high of $44.17.

Cognex (NASDAQ:CGNX - Get Free Report) last released its earnings results on Wednesday, July 30th. The scientific and technical instruments company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.02. Cognex had a net margin of 13.13% and a return on equity of 6.65%. The firm had revenue of $249.09 million for the quarter, compared to the consensus estimate of $246.70 million. During the same period in the prior year, the firm earned $0.23 EPS. The company's revenue was up 4.2% compared to the same quarter last year.

Cognex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.8%. Cognex's dividend payout ratio (DPR) is presently 45.07%.

Hedge Funds Weigh In On Cognex

Several institutional investors and hedge funds have recently bought and sold shares of CGNX. Savant Capital LLC purchased a new stake in Cognex during the 2nd quarter valued at about $627,000. Sprucegrove Investment Management Ltd. purchased a new position in shares of Cognex in the 2nd quarter valued at about $117,000. Atlantic Union Bankshares Corp purchased a new stake in shares of Cognex in the second quarter valued at approximately $94,000. First Horizon Advisors Inc. raised its position in Cognex by 10.6% during the second quarter. First Horizon Advisors Inc. now owns 2,788 shares of the scientific and technical instruments company's stock worth $88,000 after acquiring an additional 268 shares during the period. Finally, Bank of Montreal Can raised its position in Cognex by 18.6% during the second quarter. Bank of Montreal Can now owns 29,067 shares of the scientific and technical instruments company's stock worth $922,000 after acquiring an additional 4,555 shares during the period. 88.12% of the stock is owned by hedge funds and other institutional investors.

About Cognex

Cognex Corporation provides machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to automate the manufacturing and tracking of discrete items, including mobile phones, electric vehicle batteries, and e-commerce packages by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process.