Research Analysts Issue Forecasts for Perceptron, Inc.’s FY2019 Earnings (PRCP)

Perceptron, Inc. (NASDAQ:PRCP) – Equities researchers at B. Riley dropped their FY2019 earnings estimates for Perceptron in a research note issued on Monday, May 13th. B. Riley analyst C. Horn now expects that the scientific and technical instruments company will post earnings per share of $0.13 for the year, down from their prior forecast of $0.45. B. Riley currently has a “Buy” rating and a $10.00 price target on the stock. B. Riley also issued estimates for Perceptron’s Q4 2019 earnings at ($0.04) EPS, Q1 2020 earnings at $0.12 EPS, Q2 2020 earnings at $0.12 EPS, Q3 2020 earnings at $0.00 EPS, Q4 2020 earnings at $0.03 EPS and FY2020 earnings at $0.27 EPS.

Several other analysts have also recently weighed in on the stock. ValuEngine cut shares of Perceptron from a “hold” rating to a “sell” rating in a report on Friday, January 25th. TheStreet cut shares of Perceptron from a “b-” rating to a “c” rating in a report on Monday.

NASDAQ:PRCP opened at $4.90 on Wednesday. The firm has a market capitalization of $49.92 million, a P/E ratio of 12.56 and a beta of 0.66. Perceptron has a twelve month low of $4.77 and a twelve month high of $12.25. The company has a current ratio of 2.48, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01.

Perceptron (NASDAQ:PRCP) last released its quarterly earnings results on Thursday, May 9th. The scientific and technical instruments company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.13). The company had revenue of $15.63 million during the quarter, compared to the consensus estimate of $18.40 million. Perceptron had a net margin of 2.61% and a return on equity of 3.47%.

Several hedge funds have recently made changes to their positions in PRCP. Renaissance Technologies LLC grew its position in Perceptron by 0.4% during the 1st quarter. Renaissance Technologies LLC now owns 599,599 shares of the scientific and technical instruments company’s stock worth $4,497,000 after purchasing an additional 2,199 shares during the last quarter. Punch & Associates Investment Management Inc. raised 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 worth $4,392,000 after purchasing an additional 19,060 shares during the last quarter. Vanguard Group Inc raised its stake in shares of Perceptron by 1.1% in the third quarter. Vanguard Group Inc now owns 287,783 shares of the scientific and technical instruments company’s stock worth $2,806,000 after purchasing an additional 3,100 shares during the last quarter. Penbrook Management LLC raised its stake in shares of Perceptron by 8.7% in the first quarter. Penbrook Management LLC now owns 173,993 shares of the scientific and technical instruments company’s stock worth $1,305,000 after purchasing an additional 13,950 shares during the last quarter. Finally, Quantum Capital Management raised its stake in shares of Perceptron by 3.1% in the first quarter. Quantum Capital Management now owns 142,191 shares of the scientific and technical instruments company’s stock worth $1,066,000 after purchasing an additional 4,314 shares during the last quarter. Hedge funds and other institutional investors own 70.67% of the company’s stock.

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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Earnings History and Estimates for Perceptron (NASDAQ:PRCP)

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