Perceptron (NASDAQ:PRCP) announced its earnings results on Monday. The scientific and technical instruments company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.05, Morningstar.com reports. The business had revenue of $21.55 million for the quarter, compared to analysts’ expectations of $19.51 million. Perceptron had a return on equity of 7.55% and a net margin of 3.51%. Perceptron updated its Q3 2019 guidance to EPS.
Shares of NASDAQ PRCP opened at $7.99 on Tuesday. The firm has a market cap of $74.44 million, a price-to-earnings ratio of 20.49 and a beta of 0.65. Perceptron has a 12-month low of $6.75 and a 12-month high of $12.25.
Several analysts have issued reports on PRCP shares. ValuEngine raised Perceptron from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. B. Riley started coverage on Perceptron in a research report on Thursday, December 20th. They set a “buy” rating and a $13.00 target price on the stock.
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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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