Optex Systems (NASDAQ:OPXS) Posts Quarterly 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 earnings results on Tuesday. The company reported $0.22 earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $11.11 million during the quarter. Optex Systems had a net margin of 13.01% and a return on equity of 24.67%.

Optex Systems Stock Performance

Shares of NASDAQ:OPXS traded up $0.03 during trading hours on Friday, hitting $11.75. 26,309 shares of the company's stock traded hands, compared to its average volume of 62,656. Optex Systems has a 52 week low of $5.36 and a 52 week high of $14.60. The company's fifty day simple moving average is $11.69 and its two-hundred day simple moving average is $8.31. The company has a market cap of $81.24 million, a price-to-earnings ratio of 15.67 and a beta of 0.34.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded 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, CEO Danny Robert Schoening sold 10,027 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $8.01, for a total transaction of $80,316.27. Following the completion of the transaction, the chief executive officer owned 934,581 shares in the company, valued at approximately $7,485,993.81. This trade represents a 1.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Topline Capital Partners, Lp sold 47,700 shares of the firm's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $11.68, for a total transaction of $557,136.00. Following the transaction, the insider owned 691,256 shares of the company's stock, valued at approximately $8,073,870.08. This trade represents a 6.46% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 144,022 shares of company stock worth $1,524,559. Company insiders own 30.30% of the company's stock.

Hedge Funds Weigh In On Optex Systems

Several large investors have recently made changes to their positions in the business. Marshall Wace LLP acquired a new position in shares of Optex Systems in the second quarter worth about $604,000. Ameriprise Financial Inc. acquired a new position in shares of Optex Systems in the second quarter worth about $304,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Optex Systems in the second quarter worth about $30,000. Institutional investors own 19.07% of the company's stock.

About Optex Systems

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.