Luminex (NASDAQ:LMNX) announced its quarterly earnings results on Monday. The medical instruments supplier reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.14), Briefing.com reports. The company had revenue of $82.41 million during the quarter, compared to analysts’ expectations of $83.10 million. Luminex had a net margin of 5.81% and a return on equity of 4.61%. Luminex’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 earnings per share.
LMNX stock traded down $0.03 during midday trading on Wednesday, hitting $22.29. The stock had a trading volume of 51,696 shares, compared to its average volume of 318,522. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 46.44, a PEG ratio of 6.17 and a beta of 0.75. Luminex has a 52-week low of $20.40 and a 52-week high of $35.37.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 21st were paid a $0.06 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $0.24 annualized dividend and a yield of 1.08%. Luminex’s payout ratio is 50.00%.
A number of hedge funds have recently modified their holdings of the stock. NumerixS Investment Technologies Inc purchased a new stake in Luminex during the 4th quarter valued at about $39,000. Quantamental Technologies LLC purchased a new stake in Luminex during the 4th quarter valued at about $100,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in Luminex during the 4th quarter valued at about $100,000. Amundi Pioneer Asset Management Inc. grew its position in Luminex by 32.4% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 4,500 shares of the medical instruments supplier’s stock valued at $104,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its position in Luminex by 11.1% during the 1st quarter. Meeder Asset Management Inc. now owns 4,925 shares of the medical instruments supplier’s stock valued at $113,000 after purchasing an additional 491 shares during the last quarter. 85.52% of the stock is currently owned by institutional investors.
Luminex Corporation develops, manufactures, and sells proprietary biological testing technologies and products for the diagnostics, pharmaceutical, and research industries worldwide. Its products include Luminex 100/200 that integrates fluidics, optics, and digital signal processing; FLEXMAP 3D system for use as a general laboratory instrument; MAGPIX system, a multiplexing analyzer for qualitative and quantitative analysis of proteins and nucleic acids; ARIES system, a sample to answer real-time PCR platform; ARIES M1 system, a single-module version of the ARIES System; and VERIGENE system, a semi-automated, multiplex, molecular analysis system for the clinical diagnostics market.
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