Analysts Expect Perceptron, Inc. (NASDAQ:PRCP) to Announce $0.13 Earnings Per Share

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Shares of Perceptron, Inc. (NASDAQ:PRCP) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokers have set a 1 year consensus price objective of $8.00 for the company and are expecting that the company will post $0.13 EPS for the current quarter, according to Zacks. Zacks has also assigned Perceptron an industry rank of 1 out of 255 based on the ratings given to related companies.

PRCP has been the subject of several research analyst reports. B. Riley cut their target price on shares of Perceptron from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, September 9th. Zacks Investment Research upgraded shares of Perceptron from a “hold” rating to a “buy” rating and set a $5.25 target price for the company in a research note on Wednesday, September 11th.

A number of hedge funds have recently made changes to their positions in PRCP. Jacobs Levy Equity Management Inc. bought a new stake in shares of Perceptron during the second quarter worth about $45,000. Renaissance Technologies LLC grew its stake in shares of Perceptron by 2.3% in the second quarter. Renaissance Technologies LLC now owns 613,130 shares of the scientific and technical instruments company’s stock valued at $2,728,000 after buying an additional 13,531 shares in the last quarter. Punch & Associates Investment Management Inc. grew its stake in shares of Perceptron by 3.4% in the first quarter. Punch & Associates Investment Management Inc. now owns 585,644 shares of the scientific and technical instruments company’s stock valued at $4,392,000 after buying an additional 19,060 shares in the last quarter. Finally, Dalton Greiner Hartman Maher & Co. bought a new position in shares of Perceptron in the third quarter valued at $401,000. Hedge funds and other institutional investors own 69.09% of the company’s stock.

NASDAQ PRCP opened at $4.75 on Monday. Perceptron has a fifty-two week low of $3.56 and a fifty-two week high of $9.41. The stock has a 50-day simple moving average of $4.73 and a two-hundred day simple moving average of $5.23.

Perceptron (NASDAQ:PRCP) last announced its quarterly earnings data on Wednesday, September 4th. The scientific and technical instruments company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.05). The company had revenue of $18.20 million for the quarter, compared to analyst estimates of $16.52 million. Perceptron had a positive return on equity of 0.17% and a negative net margin of 9.08%. Analysts forecast that Perceptron will post 0.35 EPS for the current year.

Perceptron Company Profile

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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