Judges Scientific (LON:JDG) Posts Quarterly Earnings Results, Beats Estimates By $9.60 EPS

Judges Scientific (LON:JDG) posted its quarterly earnings data on Wednesday. The company reported GBX 222.50 ($2.93) earnings per share for the quarter, topping the Zacks’ consensus estimate of GBX 212.90 ($2.80) by GBX 9.60 ($0.13), Digital Look Earnings reports.

Shares of JDG stock traded up GBX 147 ($1.93) on Friday, hitting GBX 3,972 ($52.25). The stock had a trading volume of 9,918 shares, compared to its average volume of 6,223. The company’s 50 day moving average price is GBX 5,101.20 and its 200-day moving average price is GBX 4,759.92. Judges Scientific has a 1 year low of GBX 2,050 ($26.97) and a 1 year high of GBX 6,060 ($79.72). The company has a debt-to-equity ratio of 43.94, a current ratio of 2.30 and a quick ratio of 1.68. The firm has a market capitalization of $247.27 million and a P/E ratio of 23.16.

The company also recently disclosed a dividend, which will be paid on Friday, July 3rd. Investors of record on Thursday, June 4th will be issued a GBX 35 ($0.46) dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a dividend yield of 1.02%. Judges Scientific’s dividend payout ratio is presently 0.25%.

In related news, insider Bradley Leonard Ormsby sold 19,000 shares of Judges Scientific stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of GBX 4,975 ($65.44), for a total value of £945,250 ($1,243,422.78).

Separately, Liberum Capital cut their target price on Judges Scientific from GBX 5,400 ($71.03) to GBX 4,450 ($58.54) and set a “buy” rating on the stock in a research report on Wednesday.

Judges Scientific Company Profile

Judges Scientific plc designs, manufactures, and sells scientific instruments. The company operates in two segments, Materials Sciences Group and Vacuum Group. It offers equipment for engineering education and research used at universities, colleges, schools, and research centers; and research and development systems, primarily for the food, beverage, dairy, edible oil, and pharmaceutical industries.

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