Cognex (CGNX) Set to Release Earnings on February 20

Cognex (NASDAQ:CGNX) is anticipated to announce its quarterly earnings results before the market opens on Thursday, February 20th. Expectations are for the company to report earnings of $0.15 per share and revenue of approximately $220.68 million for the quarter. Additionally, Cognex has shared guidance for its Q1 2025 earnings per share.

For those interested in following the earnings announcement, registration for the conference call is available through a provided link.

Recent Earnings Results

Previously, Cognex reported its quarterly earnings results on Wednesday, February 12th. For that quarter, the company reported earnings of $0.14 per share, which was slightly below the consensus estimate of $0.15, missing by $0.01. Cognex exhibited a return on equity of 5.28% and a net margin of 10.10%. Analysts forecast an EPS of $0 for the current fiscal year and $1 for the next fiscal year.

Cognex Stock Performance

Cognex shares opened at $39.25 on Thursday. The stock has a 52-week low of $34.98 and a high of $53.13. Currently, Cognex has a market capitalization of $6.73 billion, a PE ratio of 75.48, and a beta of 1.40. The 50-day moving average stands at $37.96, while the two-hundred-day moving average is $39.22.

Dividend Information

Recently, Cognex declared a quarterly dividend that is planned to be paid on Thursday, March 13th. Shareholders on record as of Thursday, February 27th, will receive a dividend of $0.08 per share. This totals an annualized dividend of $0.32, reflecting a yield of 0.82%. The current dividend payout ratio for Cognex is at 61.54%.

Insider Activity

In related news, Cognex's Director Anthony Sun sold 26,000 shares of the stock in a transaction on November 22nd. The shares were sold at an average price of $40.03, yielding a total of $1,040,780. Following this sale, he retains ownership of 26,608 shares, valued at around $1,065,118.24. This trade reflected a reduction of about 49.42% in his stock ownership. Another insider, CTO Joerg Kuechen, also sold 2,934 shares on December 12th at an average price of $37.75, totaling $110,758.50. Insiders currently hold 1.10% of Cognex's stock.

Analyst Ratings and Price Targets

Several analysts have recently reviewed Cognex's stock. Truist Financial increased their price target for Cognex shares from $42.00 to $43.00, maintaining a "hold" rating. Stephens has reiterated an "overweight" rating, setting a price target of $55.00. Needham & Company reduced their target from $50.00 to $47.00 with a "buy" rating. Cantor Fitzgerald upgraded their rating of Cognex to "strong-buy" while Citigroup lowered their target from $44.00 to $42.00 and issued a "neutral" rating. Currently, there is one sell rating, five hold ratings, six buy ratings, and one strong buy rating, giving Cognex a consensus rating of "Moderate Buy" with a price target averaging $47.92.

Cognex Overview

Cognex Corporation specializes in providing machine vision products that capture and analyze visual data to automate various manufacturing and distribution tasks around the world. Their machine vision technology is utilized in the manufacturing and tracking of numerous items, such as mobile phones, electric vehicle batteries, and e-commerce packages, by identifying and measuring them throughout the production and distribution processes.

Cognex, Earnings, Dividend