Cognex (CGNX) Projected to Post Earnings on Thursday

Cognex (NASDAQ:CGNX) is expected to release its earnings data before the market opens on Thursday, February 20th. Analysts expect Cognex to post earnings of $0.15 per share and revenue of $220.68 million for the quarter. Cognex has set its Q1 2025 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Cognex (NASDAQ:CGNX) last posted its quarterly earnings results on Wednesday, February 12th. The scientific and technical instruments company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Cognex had a net margin of 10.10% and a return on equity of 5.28%. On average, analysts expect Cognex to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Cognex Trading Down 0.5 %

CGNX opened at $33.04 on Wednesday. The company’s 50 day moving average is $37.69 and its 200-day moving average is $38.88. Cognex has a 1-year low of $32.41 and a 1-year high of $53.13. The company has a market cap of $5.67 billion, a P/E ratio of 63.54 and a beta of 1.40.

Cognex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.97%. Cognex’s payout ratio is currently 61.54%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Stephens restated an “overweight” rating and issued a $55.00 price target on shares of Cognex in a research note on Thursday, January 2nd. UBS Group dropped their price objective on shares of Cognex from $58.00 to $56.00 and set a “buy” rating for the company in a report on Tuesday. Citigroup dropped their price objective on shares of Cognex from $44.00 to $42.00 and set a “neutral” rating for the company in a report on Monday, January 13th. Robert W. Baird dropped their price objective on shares of Cognex from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Needham & Company LLC dropped their price objective on shares of Cognex from $47.00 to $41.00 and set a “buy” rating for the company in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $46.42.

Insiders Place Their Bets

In other news, CTO Joerg Kuechen sold 2,934 shares of Cognex stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $37.75, for a total value of $110,758.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Anthony Sun sold 26,000 shares of Cognex stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $40.03, for a total transaction of $1,040,780.00. Following the completion of the sale, the director now owns 26,608 shares of the company’s stock, valued at $1,065,118.24. This represents a 49.42 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

About Cognex

Cognex Corporation provides machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to automate the manufacturing and tracking of discrete items, including mobile phones, electric vehicle batteries, and e-commerce packages by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process.