Cognex Co. (NASDAQ:CGNX) declared a quarterly dividend on Wednesday, July 29th, Zacks reports. Investors of record on Friday, August 14th will be given a dividend of 0.055 per share by the scientific and technical instruments company on Friday, August 28th. This represents a $0.22 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend is Thursday, August 13th.
Cognex has increased its dividend by an average of 39.0% annually over the last three years and has raised its dividend annually for the last 10 consecutive years. Cognex has a payout ratio of 37.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Cognex to earn $0.87 per share next year, which means the company should continue to be able to cover its $0.22 annual dividend with an expected future payout ratio of 25.3%.
Cognex stock traded down $0.32 during trading on Friday, hitting $65.66. The stock had a trading volume of 7,192 shares, compared to its average volume of 711,773. Cognex has a 1 year low of $35.20 and a 1 year high of $66.62. The company has a quick ratio of 3.59, a current ratio of 3.95 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average is $60.38 and its two-hundred day moving average is $53.62. The stock has a market cap of $11.26 billion, a price-to-earnings ratio of 80.94 and a beta of 1.79.
Cognex (NASDAQ:CGNX) last posted its quarterly earnings data on Wednesday, July 29th. The scientific and technical instruments company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.11). Cognex had a net margin of 20.50% and a return on equity of 10.81%. The firm had revenue of $169.10 million during the quarter, compared to analysts’ expectations of $149.90 million. During the same quarter in the previous year, the company posted $0.27 EPS. Cognex’s revenue for the quarter was down 15.0% on a year-over-year basis. As a group, equities research analysts anticipate that Cognex will post 0.58 EPS for the current fiscal year.
A number of equities research analysts have issued reports on CGNX shares. BidaskClub raised shares of Cognex from a “buy” rating to a “strong-buy” rating in a report on Wednesday. HSBC started coverage on shares of Cognex in a report on Monday, May 25th. They set a “hold” rating and a $55.00 target price on the stock. Zacks Investment Research cut shares of Cognex from a “hold” rating to a “sell” rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. boosted their target price on shares of Cognex from $36.00 to $40.00 and gave the company an “underweight” rating in a report on Friday, April 17th. Finally, Raymond James boosted their target price on shares of Cognex from $48.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, April 28th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $53.40.
Cognex Company Profile
Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate tasks primarily in manufacturing processes worldwide. It provides machine vision products, which are used to automate the manufacture and tracking of discrete items, including mobile phones, aspirin bottles, and automobile tires by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process.
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