Shares of Perceptron, Inc. (NASDAQ:PRCP) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Analysts have set a 12 month consensus target price of $10.00 for the company and are expecting that the company will post ($0.04) EPS for the current quarter, according to Zacks. Zacks has also given Perceptron an industry rank of 240 out of 256 based on the ratings given to related companies.
Several brokerages recently issued reports on PRCP. ValuEngine downgraded Perceptron from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. TheStreet downgraded Perceptron from a “b-” rating to a “c” rating in a research note on Monday, May 13th. Zacks Investment Research downgraded Perceptron from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 16th. Finally, B. Riley set a $10.00 price target on Perceptron and gave the stock a “buy” rating in a research note on Monday, May 13th.
Several institutional investors and hedge funds have recently bought and sold shares of PRCP. Quantum Capital Management raised its stake in shares of Perceptron by 3.1% during the 1st quarter. Quantum Capital Management now owns 142,191 shares of the scientific and technical instruments company’s stock worth $1,066,000 after purchasing an additional 4,314 shares in the last quarter. Penbrook Management LLC raised its stake in shares of Perceptron by 8.7% during the 1st quarter. Penbrook Management LLC now owns 173,993 shares of the scientific and technical instruments company’s stock worth $1,305,000 after purchasing an additional 13,950 shares in the last quarter. Vanguard Group Inc raised its stake in shares of Perceptron by 1.1% during the 3rd quarter. Vanguard Group Inc now owns 287,783 shares of the scientific and technical instruments company’s stock worth $2,806,000 after purchasing an additional 3,100 shares in the last quarter. Punch & Associates Investment Management Inc. raised its stake in shares of Perceptron by 3.4% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 585,644 shares of the scientific and technical instruments company’s stock worth $4,392,000 after purchasing an additional 19,060 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Perceptron by 0.4% during the 1st quarter. Renaissance Technologies LLC now owns 599,599 shares of the scientific and technical instruments company’s stock worth $4,497,000 after purchasing an additional 2,199 shares in the last quarter. 71.20% of the stock is owned by institutional investors.
Shares of NASDAQ PRCP remained flat at $$4.35 during mid-day trading on Wednesday. The stock had a trading volume of 6,198 shares, compared to its average volume of 15,795. Perceptron has a twelve month low of $4.28 and a twelve month high of $12.25. The stock has a market capitalization of $42.13 million, a P/E ratio of 11.15 and a beta of 1.06.
Perceptron (NASDAQ:PRCP) last announced its quarterly earnings data on Thursday, May 9th. The scientific and technical instruments company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.13). The business had revenue of $15.63 million during the quarter, compared to analysts’ expectations of $18.40 million. Perceptron had a return on equity of 3.45% and a net margin of 2.61%. On average, sell-side analysts expect that Perceptron will post 0.13 EPS for the current year.
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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