Luminex (NASDAQ:LMNX) announced its earnings results on Monday, May 6th. The medical instruments supplier reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.14), Briefing.com reports. Luminex had a return on equity of 1.62% and a net margin of 2.55%. The business had revenue of $82.41 million for the quarter, compared to analysts’ expectations of $83.10 million. During the same period in the previous year, the company earned $0.30 earnings per share. Luminex’s quarterly revenue was down .3% on a year-over-year basis.
Shares of LMNX stock traded up $0.22 during mid-day trading on Thursday, hitting $21.06. The stock had a trading volume of 271,992 shares, compared to its average volume of 313,198. Luminex has a fifty-two week low of $20.24 and a fifty-two week high of $35.37. The stock has a market capitalization of $919.34 million, a PE ratio of 43.88, a price-to-earnings-growth ratio of 18.93 and a beta of 0.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.70 and a current ratio of 3.99.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, June 20th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Wednesday, June 19th. Luminex’s dividend payout ratio (DPR) is presently 50.00%.
Several hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in Luminex by 1.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 682,988 shares of the medical instruments supplier’s stock worth $20,701,000 after buying an additional 10,250 shares during the period. JPMorgan Chase & Co. increased its position in shares of Luminex by 11.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 154,554 shares of the medical instruments supplier’s stock valued at $4,685,000 after purchasing an additional 16,401 shares during the last quarter. LPL Financial LLC purchased a new stake in shares of Luminex in the 3rd quarter valued at approximately $382,000. MetLife Investment Advisors LLC increased its position in shares of Luminex by 57.6% in the 3rd quarter. MetLife Investment Advisors LLC now owns 29,784 shares of the medical instruments supplier’s stock valued at $903,000 after purchasing an additional 10,883 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Luminex by 311.3% in the 3rd quarter. AQR Capital Management LLC now owns 115,634 shares of the medical instruments supplier’s stock valued at $3,505,000 after purchasing an additional 87,521 shares during the last quarter. Institutional investors own 84.71% of the company’s stock.
Luminex Company Profile
Luminex Corporation develops, manufactures, and sells proprietary biological testing technologies and products for the diagnostics, pharmaceutical, and research industries worldwide. Its products include Luminex 100/200 that integrates fluidics, optics, and digital signal processing; FLEXMAP 3D system for use as a general laboratory instrument; MAGPIX system, a multiplexing analyzer for qualitative and quantitative analysis of proteins and nucleic acids; ARIES system, a sample to answer real-time PCR platform; ARIES M1 system, a single-module version of the ARIES System; and VERIGENE system, a semi-automated, multiplex, molecular analysis system for the clinical diagnostics market.
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