Oxford Instruments (LON:OXIG) Announces Earnings Results

Oxford Instruments (LON:OXIG) issued its quarterly earnings results on Tuesday. The company reported GBX 42.60 earnings per share (EPS) for the quarter, Digital Look Earnings reports. The firm had revenue of £201.10 million for the quarter. Oxford Instruments had a return on equity of 13.94% and a net margin of 11.39%.

Here are the key takeaways from Oxford Instruments’ conference call:

• Oxford Instruments reported a strong first half: orders rose 44%, revenue increased 9% at constant currency, adjusted operating profit grew 28%, and the group operating margin advanced 160 basis points to 14.9%.
• Advanced Technologies orders more than doubled to £132 million, with revenue up around 27% and its operating margin reaching 7.5%. The company now expects around 20% revenue growth in FY 2028 and says the division should reach its 12%–15% medium-term margin range earlier than previously expected.
• Imaging and Analysis orders grew 12.6% at constant currency, rebuilding the order book and improving cover for the second half. Management expects low-single-digit revenue growth for the full year, assuming orders continue at a similar pace.
• Management flagged execution risks as Advanced Technologies scales, including supply-chain constraints and the need to add and train staff; it also cautioned that the operating environment remains uncertain. Continued U.S. weakness in academic healthcare and life-sciences demand and currency headwinds are additional pressures.

Oxford Instruments Trading Up 1.7%

Shares of Oxford Instruments stock traded up GBX 44 during trading hours on Tuesday, reaching GBX 2,618. The stock had a trading volume of 135,637 shares, compared to its average volume of 996,285. The firm has a market capitalization of £1.43 billion, a price-to-earnings ratio of 31.28, a P/E/G ratio of -3.56 and a beta of 1.09. Oxford Instruments has a 1 year low of GBX 1,808 and a 1 year high of GBX 3,318. The company has a current ratio of 1.83, a quick ratio of 1.11 and a debt-to-equity ratio of 13.08. The firm has a 50 day simple moving average of GBX 2,768.91 and a two-hundred day simple moving average of GBX 2,775.55.

Analysts Set New Price Targets

OXIG has been the subject of a number of research analyst reports. Berenberg Bank lowered their price objective on shares of Oxford Instruments from GBX 3,000 to GBX 2,840 and set a “hold” rating for the company in a research report on Wednesday, October 14th. JPMorgan Chase & Co. raised their price objective on shares of Oxford Instruments from GBX 3,200 to GBX 3,400 and gave the company an “overweight” rating in a report on Thursday, September 10th. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 3,000 price objective on shares of Oxford Instruments in a research note on Wednesday, October 14th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Oxford Instruments currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,948.

Insider Buying and Selling at Oxford Instruments

In related news, insider Richard Tyson purchased 65 shares of the firm’s stock in a transaction on Thursday, September 10th. The stock was purchased at an average price of GBX 2,731 per share, for a total transaction of £1,775.15. Also, insider Paul Fry purchased 66 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were purchased at an average cost of GBX 2,731 per share, for a total transaction of £1,802.46. 1.56% of the stock is owned by corporate insiders.

Oxford Instruments Company Profile