According to Zacks, “Perceptron, Inc. designs, manufactures and markets information based process measurement and guidance solutions which help customers improve performance. Perceptron’s product offerings are designed to improve quality,increase productivity and decrease costs in the automotive and forest products workplace. Perceptron’s design philosophy is to create systems which incorporate sophisticated proprietary software and hardware to minimize the need for customer application engineering. “
Other equities research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Yext from a strong-buy rating to a buy rating in a research note on Friday, May 10th. TheStreet raised shares of SUMMIT THERAPEU/S from a d rating to a c- rating in a research note on Thursday, June 13th. Finally, B. Riley set a $13.00 target price on shares of Audioeye and gave the company a buy rating in a research note on Monday, May 13th.
Perceptron (NASDAQ:PRCP) last released its quarterly earnings results on Thursday, May 9th. The scientific and technical instruments company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.13). The business had revenue of $15.63 million for the quarter, compared to analysts’ expectations of $18.40 million. Perceptron had a net margin of 2.61% and a return on equity of 3.45%. As a group, equities research analysts predict that Perceptron will post 0.13 EPS for the current year.
In other news, Director John F. Bryant bought 482,991 shares of Perceptron stock in a transaction dated Thursday, June 13th. The shares were acquired at an average price of $4.75 per share, with a total value of $2,294,207.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders bought 489,991 shares of company stock worth $2,325,227. Insiders own 12.51% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Quantum Capital Management raised its stake in shares of Perceptron by 3.1% in the first quarter. Quantum Capital Management now owns 142,191 shares of the scientific and technical instruments company’s stock valued at $1,066,000 after acquiring an additional 4,314 shares during the period. Penbrook Management LLC raised its stake in shares of Perceptron by 8.7% in the first quarter. Penbrook Management LLC now owns 173,993 shares of the scientific and technical instruments company’s stock valued at $1,305,000 after acquiring an additional 13,950 shares during the period. Finally, Punch & Associates Investment Management Inc. raised its stake in shares of Perceptron by 3.4% in the first quarter. Punch & Associates Investment Management Inc. now owns 585,644 shares of the scientific and technical instruments company’s stock valued at $4,392,000 after acquiring an additional 19,060 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.
Perceptron, Inc develops, produces, and sells various automated industrial metrology products and solutions to manufacturing organizations for dimensional gauging, dimensional inspection, and 3D scanning in Europe, Asia, and the Americas. It provides various in-line and near-line measurement solutions, including AutoGauge, AutoGauge ACF, AutoGuide, and Helix evo engineered metrology systems for industrial automated process control and assembly using fixed and robot mounted laser scanners; and offline measurement solutions comprising Coord3 and TouchDMIS for industrial gauging and dimensional inspection using standalone robot mounted laser scanners and coordinate measuring machines.
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