Cognex (CGNX) Set to Announce Quarterly Earnings on Thursday

Cognex (NASDAQ:CGNX - Get Free Report) is scheduled to release its earnings data before the market opens on Thursday, May 2nd. Analysts expect Cognex to post earnings of $0.08 per share for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

Cognex (NASDAQ:CGNX - Get Free Report) last announced its earnings results on Thursday, February 15th. The scientific and technical instruments company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.04. Cognex had a return on equity of 6.86% and a net margin of 13.52%. The business had revenue of $196.70 million for the quarter, compared to analyst estimates of $189.16 million. During the same period in the previous year, the company earned $0.27 earnings per share. The company's revenue for the quarter was down 17.8% compared to the same quarter last year. On average, analysts expect Cognex to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Cognex Stock Performance

Shares of NASDAQ CGNX traded up $0.26 during midday trading on Thursday, reaching $39.79. 568,240 shares of the company's stock were exchanged, compared to its average volume of 1,479,200. Cognex has a 52-week low of $34.28 and a 52-week high of $59.51. The stock has a market capitalization of $6.83 billion, a PE ratio of 60.29 and a beta of 1.49. The business's fifty day moving average price is $40.35 and its two-hundred day moving average price is $38.81.

Cognex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 29th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.75%. The ex-dividend date was Wednesday, February 28th. Cognex's dividend payout ratio is currently 45.46%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CGNX shares. StockNews.com lowered Cognex from a "hold" rating to a "sell" rating in a report on Monday, February 19th. Truist Financial started coverage on Cognex in a report on Thursday, March 14th. They issued a "buy" rating and a $47.00 price objective for the company. UBS Group raised Cognex from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $42.00 to $54.00 in a report on Tuesday, March 19th. Finally, Citigroup boosted their price objective on Cognex from $41.00 to $43.00 and gave the company a "neutral" rating in a report on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Cognex currently has a consensus rating of "Hold" and a consensus target price of $47.70.

Insider Buying and Selling at Cognex

In other Cognex news, EVP Carl Gerst sold 6,782 shares of Cognex stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $40.54, for a total value of $274,942.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

Cognex Company Profile

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.