Analysts Anticipate Perceptron, Inc. (PRCP) to Announce $0.15 EPS

Perceptron, Inc. (NASDAQ:PRCP) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Analysts have set a 1 year consensus target price of $12.00 for the company and are expecting that the company will post $0.15 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Perceptron an industry rank of 16 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research lowered Perceptron from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st.

Perceptron (PRCP) traded up $0.13 during trading hours on Friday, hitting $9.71. The stock had a trading volume of 18,300 shares, compared to its average volume of 37,755. The company has a market capitalization of $92.09, a P/E ratio of 24.28, a price-to-earnings-growth ratio of 0.78 and a beta of 0.52. Perceptron has a fifty-two week low of $5.96 and a fifty-two week high of $10.71.

Perceptron (NASDAQ:PRCP) last released its quarterly earnings data on Monday, November 6th. The scientific and technical instruments company reported $0.16 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.23. The firm had revenue of $19.27 million during the quarter, compared to the consensus estimate of $17.50 million. Perceptron had a return on equity of 9.57% and a net margin of 4.70%. sell-side analysts predict that Perceptron will post 0.41 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of PRCP. Goldman Sachs Group Inc. purchased a new stake in Perceptron in the first quarter valued at approximately $106,000. Macquarie Group Ltd. purchased a new stake in Perceptron in the third quarter valued at approximately $116,000. Kennedy Capital Management Inc. boosted its position in Perceptron by 2.9% in the second quarter. Kennedy Capital Management Inc. now owns 27,874 shares of the scientific and technical instruments company’s stock valued at $203,000 after buying an additional 788 shares during the last quarter. Northern Trust Corp boosted its position in Perceptron by 3.3% in the second quarter. Northern Trust Corp now owns 31,207 shares of the scientific and technical instruments company’s stock valued at $227,000 after buying an additional 983 shares during the last quarter. Finally, First Republic Investment Management Inc. boosted its position in Perceptron by 4.8% in the third quarter. First Republic Investment Management Inc. now owns 114,168 shares of the scientific and technical instruments company’s stock valued at $901,000 after buying an additional 5,203 shares during the last quarter. Institutional investors own 63.87% of the company’s stock.

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About Perceptron

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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