Optex Systems (NASDAQ:OPXS) Releases Earnings Results

Key Points

• Optex Systems reported earnings of $0.22 per share, with a net margin of 13.06% and return on equity of 25.10%.
• The stock price dropped 5.8% to $12.10, amidst an increase in trading volume, compared to the average volume.
• Wall Street analysts have upgraded Optex Systems to a "strong-buy" rating, indicating positive growth expectations.

Optex Systems (NASDAQ:OPXS - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $0.22 earnings per share for the quarter, Zacks reports. Optex Systems had a net margin of 13.06% and a return on equity of 25.10%.

Optex Systems Stock Down 5.8%

OPXS traded down $0.74 on Tuesday, reaching $12.10. The company had a trading volume of 84,787 shares, compared to its average volume of 40,186. Optex Systems has a 1 year low of $5.36 and a 1 year high of $14.60. The stock has a market capitalization of $83.60 million, a PE ratio of 17.41 and a beta of 0.34. The stock has a 50-day moving average price of $11.48 and a 200-day moving average price of $8.18.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Optex Systems to a "strong-buy" rating in a research report on Friday, June 27th.

Insider Buying and Selling at Optex Systems

In other news, Director Judd Dayton sold 14,077 shares of the company's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $9.28, for a total value of $130,634.56. Following the completion of the sale, the director directly owned 787,806 shares of the company's stock, valued at approximately $7,310,839.68. This represents a 1.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Danny Robert Schoening sold 9,787 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $8.05, for a total transaction of $78,785.35. Following the completion of the sale, the chief executive officer directly owned 924,794 shares of the company's stock, valued at $7,444,591.70. The trade was a 1.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 144,022 shares of company stock valued at $1,524,559 over the last ninety days. 30.30% of the stock is currently owned by corporate insiders.

Optex Systems Company Profile

Optex Systems Holdings, Inc manufactures and sells optical sighting systems and assemblies primarily for the U.S. department of defense, foreign military applications, and commercial markets in the United States. It offers periscopes, such as laser and non-laser protected plastic and glass periscopes, electronic M17 day/thermal periscopes, and vision blocks; sighting systems, including back up sights, digital day and night sighting systems, M36 thermal periscope, unity mirrors, optical weapon system support and maintenance, commander weapon station sights, and sight assembly refurbishments; howitzers comprising M137 telescope, M187 mount, M119 aiming device, XM10 and aiming circles; and applied optics center consisting of laser interference filter, optical assemblies, laser filter units, day windows, and specialty thin film coatings, as well as other products, such as muzzle reference systems, binoculars, collimators, optical lenses and elements, and windows.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.