Perceptron (PRCP) Announces Quarterly Earnings Results

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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.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Essex Investment Management Co. LLC lifted its holdings in shares of Perceptron by 47.0% during the 3rd quarter. Essex Investment Management Co. LLC now owns 98,356 shares of the scientific and technical instruments company’s stock valued at $959,000 after purchasing an additional 31,444 shares during the last quarter. Simplex Trading LLC lifted its holdings in shares of Perceptron by 37,122.0% during the 3rd quarter. Simplex Trading LLC now owns 18,611 shares of the scientific and technical instruments company’s stock valued at $181,000 after purchasing an additional 18,561 shares during the last quarter. Quantum Capital Management lifted its holdings in shares of Perceptron by 32.6% during the 3rd quarter. Quantum Capital Management now owns 119,990 shares of the scientific and technical instruments company’s stock valued at $1,170,000 after purchasing an additional 29,475 shares during the last quarter. PEAK6 Investments LLC purchased a new stake in shares of Perceptron during the 3rd quarter valued at $130,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Perceptron by 2.5% during the 3rd quarter. Renaissance Technologies LLC now owns 606,100 shares of the scientific and technical instruments company’s stock valued at $5,909,000 after purchasing an additional 15,000 shares during the last quarter. 69.57% of the stock is currently owned by institutional investors and hedge funds.

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About Perceptron

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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Earnings History for Perceptron (NASDAQ:PRCP)

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