Cognex (CGNX) Projected to Post Earnings on Thursday

Cognex (NASDAQ:CGNX) is expected to be releasing its earnings data before the market opens on Thursday, February 20th. Analysts expect Cognex to post earnings of $0.15 per share and revenue of $220.68 million for the quarter. Cognex has set its Q1 2025 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Cognex (NASDAQ:CGNX) last posted its quarterly earnings results on Wednesday, February 12th. The scientific and technical instruments company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). Cognex had a net margin of 10.10% and a return on equity of 5.28%. On average, analysts expect Cognex to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Cognex Trading Down 0.5 %

NASDAQ CGNX opened at $33.04 on Wednesday. The company has a fifty day simple moving average of $37.69 and a 200 day simple moving average of $38.88. Cognex has a 12-month low of $32.41 and a 12-month high of $53.13. The company has a market cap of $5.67 billion, a P/E ratio of 63.54 and a beta of 1.40.

Cognex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Thursday, February 27th. Cognex’s payout ratio is currently 61.54%.

Insider Transactions at Cognex

In related news, Director Anthony Sun sold 26,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $40.03, for a total value of $1,040,780.00. Following the sale, the director now directly owns 26,608 shares in the company, valued at approximately $1,065,118.24. The trade was a 49.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Joerg Kuechen sold 2,934 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $37.75, for a total value of $110,758.50. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CGNX. The Goldman Sachs Group cut their price objective on shares of Cognex from $39.00 to $35.00 and set a “sell” rating on the stock in a report on Tuesday. Cantor Fitzgerald raised shares of Cognex to a “strong-buy” rating in a report on Friday, December 20th. Stephens reaffirmed an “overweight” rating and set a $55.00 price objective on shares of Cognex in a report on Thursday, January 2nd. Needham & Company LLC cut their price objective on shares of Cognex from $47.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Finally, Truist Financial reaffirmed a “hold” rating and set a $37.00 price objective (down from $43.00) on shares of Cognex in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $46.42.

Cognex Company Profile

Cognex Corporation provides machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to automate the manufacturing and tracking of discrete items, including mobile phones, electric vehicle batteries, and e-commerce packages by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process.