Perceptron, Inc. (PRCP) Announces Earnings Results

Perceptron, Inc. (NASDAQ:PRCP) announced its earnings results on Monday. The scientific and technical instruments company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.04. The company had revenue of $16.33 million for the quarter, compared to the consensus estimate of $17.50 million. Perceptron had a positive return on equity of 0.66% and a negative net margin of 24.03%.

Shares of Perceptron (NASDAQ:PRCP) traded down 0.319% during mid-day trading on Friday, hitting $7.815. The stock had a trading volume of 6,546 shares. Perceptron has a 1-year low of $4.18 and a 1-year high of $8.95. The firm’s market capitalization is $73.62 million. The stock’s 50-day moving average is $8.31 and its 200 day moving average is $7.36.

Earnings History for Perceptron (NASDAQ:PRCP)

ILLEGAL ACTIVITY NOTICE: “Perceptron, Inc. (PRCP) Announces Earnings Results” was published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The original version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/05/19/perceptron-inc-prcp-posts-earnings-results-misses-expectations-by-0-04-eps-updated.html.

A number of brokerages have weighed in on PRCP. Zacks Investment Research downgraded Perceptron from a “hold” rating to a “strong sell” rating in a report on Saturday, February 4th. Craig Hallum set a $9.00 price target on Perceptron and gave the stock a “buy” rating in a report on Tuesday, February 7th.

In other news, Director James A. Ratigan bought 3,910 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was acquired at an average price of $7.66 per share, for a total transaction of $29,950.60. Following the acquisition, the director now owns 2,247 shares of the company’s stock, valued at $17,212.02. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 10.31% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of PRCP. Goldman Sachs Group Inc. purchased a new stake in shares of Perceptron during the first quarter worth about $106,000. Renaissance Technologies LLC boosted its position in Perceptron by 6.5% in the first quarter. Renaissance Technologies LLC now owns 529,300 shares of the scientific and technical instruments company’s stock worth $4,414,000 after buying an additional 32,100 shares in the last quarter. Vanguard Group Inc. boosted its position in Perceptron by 4.4% in the first quarter. Vanguard Group Inc. now owns 320,593 shares of the scientific and technical instruments company’s stock worth $2,674,000 after buying an additional 13,434 shares in the last quarter. ClariVest Asset Management LLC bought a new position in Perceptron during the first quarter worth $217,000. Finally, Algert Global LLC bought a new position in Perceptron during the first quarter worth $491,000. Institutional investors and hedge funds own 70.53% of the company’s stock.

Perceptron Company Profile

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.

5 Day Chart for NASDAQ:PRCP

Receive News & Ratings for Perceptron Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Perceptron Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply