Analogic Corp. (ALOG) To Go Ex-Dividend on September 28th
Analogic Corp. (NASDAQ:ALOG) declared a quarterly dividend on Wednesday, September 21st. Stockholders of record on Thursday, September 1st will be given a dividend of 0.10 per share on Wednesday, October 12th. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Wednesday, September 28th.
Several equities analysts have recently commented on the stock. Brean Capital reissued a “buy” rating and issued a $100.00 target price (up previously from $90.00) on shares of Analogic Corp. in a report on Thursday. Zacks Investment Research raised shares of Analogic Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Finally, TheStreet raised shares of Analogic Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, June 8th.
Shares of Analogic Corp. (NASDAQ:ALOG) opened at 91.95 on Friday. The stock has a market cap of $1.14 billion, a P/E ratio of 80.66 and a beta of 0.95. The company’s 50-day moving average is $88.88 and its 200-day moving average is $82.50. Analogic Corp. has a 1-year low of $68.71 and a 1-year high of $94.39.
Analogic Corp. (NASDAQ:ALOG) last issued its quarterly earnings results on Wednesday, September 21st. The company reported $1.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.17 by $0.15. Analogic Corp. had a return on equity of 7.35% and a net margin of 2.38%. The business earned $138.10 million during the quarter, compared to analyst estimates of $139.03 million. During the same quarter last year, the company posted $1.28 EPS. Analogic Corp.’s quarterly revenue was down 10.6% compared to the same quarter last year. Equities analysts expect that Analogic Corp. will post $4.65 EPS for the current fiscal year.
In other news, insider Shalabh Chandra sold 1,250 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $90.50, for a total transaction of $113,125.00. Following the sale, the insider now owns 2,839 shares of the company’s stock, valued at approximately $256,929.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James Patrick Ryan sold 500 shares of the firm’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $82.96, for a total transaction of $41,480.00. Following the sale, the insider now directly owns 2,891 shares in the company, valued at approximately $239,837.36. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.
Several large investors have recently modified their holdings of the company. Profund Advisors LLC boosted its stake in shares of Analogic Corp. by 2.5% in the second quarter. Profund Advisors LLC now owns 2,748 shares of the company’s stock worth $218,000 after buying an additional 68 shares during the last quarter. AHL Partners LLP purchased a new stake in shares of Analogic Corp. during the second quarter worth approximately $226,000. BlackRock Inc. boosted its stake in shares of Analogic Corp. by 274.0% in the second quarter. BlackRock Inc. now owns 3,216 shares of the company’s stock worth $256,000 after buying an additional 2,356 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of Analogic Corp. during the second quarter worth approximately $280,000. Finally, Highbridge Capital Management LLC purchased a new stake in shares of Analogic Corp. during the second quarter worth approximately $373,000. 99.81% of the stock is currently owned by institutional investors and hedge funds.
Analogic Corp. Company Profile
Analogic Corporation designs, manufactures and commercializes guidance, diagnostic imaging and threat detection technologies to advance the practice of medicine and save lives. The Company operates through three business segments: Medical Imaging, Ultrasound, and Security and Detection. The Company’s Medical Imaging segment provides medical imaging systems and subsystems for computed tomography (CT), magnetic resonance imaging (MRI) and high-resolution digital mammography.
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