Cognex (NASDAQ:CGNX) announced its quarterly earnings results on Thursday. The scientific and technical instruments company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02), Fidelity Earnings reports. The company had revenue of $169.77 million for the quarter, compared to analyst estimates of $161.20 million. Cognex had a return on equity of 14.21% and a net margin of 22.55%. Cognex updated its Q1 2020
After-Hours guidance to EPS.
CGNX stock traded up $0.02 during trading on Friday, reaching $53.48. 68,119 shares of the company’s stock were exchanged, compared to its average volume of 865,410. The company has a quick ratio of 6.90, a current ratio of 7.71 and a debt-to-equity ratio of 0.01. Cognex has a 1-year low of $39.98 and a 1-year high of $59.14. The company’s fifty day moving average price is $55.41 and its 200-day moving average price is $50.55. The firm has a market cap of $9.18 billion, a PE ratio of 55.26 and a beta of 2.07.
In related news, CEO Robert Willett sold 70,000 shares of Cognex stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $51.82, for a total transaction of $3,627,400.00. Following the sale, the chief executive officer now directly owns 70,000 shares in the company, valued at $3,627,400. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 5.60% of the company’s stock.
Cognex Company Profile
Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate tasks primarily in manufacturing processes worldwide. It provides machine vision products, which are used to automate the manufacture and tracking of discrete items, including mobile phones, aspirin bottles, and automobile tires by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process.
See Also: What is an overbought condition?
Receive News & Ratings for Cognex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cognex and related companies with MarketBeat.com's FREE daily email newsletter.