Analogic (ALOG) Announces Quarterly Earnings, Misses Expectations By $0.08 EPS

Analogic (NASDAQ: ALOG) posted its quarterly earnings results on Tuesday. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by $0.08, Analyst Ratings Network reports. The company had revenue of $125.80 million for the quarter, compared to the consensus estimate of $140.92 million. During the same quarter last year, the company posted $0.76 earnings per share. Analogic’s revenue was up 3.7% compared to the same quarter last year.

A number of analysts have recently weighed in on ALOG shares. Analysts at Zacks downgraded shares of Analogic from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, May 27th. They now have a $86.30 price target on the stock. Finally, analysts at Benchmark Co. reiterated a “buy” rating on shares of Analogic in a research note to investors on Friday, March 8th. They now have a $87.00 price target on the stock.

Analogic (NASDAQ: ALOG) traded up 0.37% on Tuesday, hitting $80.31. Analogic has a 1-year low of $59.22 and a 1-year high of $84.71. The stock’s 50-day moving average is currently $78.23. The company has a market cap of $983.1 million and a price-to-earnings ratio of 29.98.

Analogic Corporation is a technology company that designs and manufactures advanced medical imaging and security systems and subsystems sold to original equipment manufacturers (NASDAQ: ALOG) and end users primarily in the healthcare and airport security markets.

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