What is DA Davidson’s Forecast for Cognex FY2025 Earnings?

Cognex Co. (NASDAQ:CGNX) – Investment analysts at DA Davidson dropped their FY2025 earnings estimates for shares of Cognex in a report released on Wednesday, February 19th. DA Davidson analyst M. Summerville now expects that the scientific and technical instruments company will post earnings of $0.61 per share for the year, down from their previous forecast of $0.67. The consensus estimate for Cognex’s current full-year earnings is $0.61 per share.

A number of other research firms have also weighed in on CGNX. Stephens reissued an “overweight” rating and set a $55.00 target price on shares of Cognex in a report on Thursday, January 2nd. The Goldman Sachs Group dropped their price target on shares of Cognex from $39.00 to $35.00 and set a “sell” rating on the stock in a research report on Tuesday, February 18th. HSBC downgraded shares of Cognex from a “buy” rating to a “hold” rating and set a $33.00 target price on the stock. in a research report on Friday. Citigroup dropped their target price on shares of Cognex from $44.00 to $42.00 and set a “neutral” rating on the stock in a research report on Monday, January 13th. Finally, Cantor Fitzgerald upgraded shares of Cognex to a “strong-buy” rating in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $44.83.

Cognex Price Performance

CGNX opened at $32.80 on Friday. Cognex has a fifty-two week low of $32.35 and a fifty-two week high of $53.13. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 53.77 and a beta of 1.40. The company’s 50 day moving average price is $37.35 and its two-hundred day moving average price is $38.75.

Cognex (NASDAQ:CGNX) last issued its earnings results on Wednesday, February 12th. The scientific and technical instruments company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). Cognex had a net margin of 11.61% and a return on equity of 5.65%.

Cognex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be paid a $0.08 dividend. The ex-dividend date is Thursday, February 27th. This represents a $0.32 annualized dividend and a dividend yield of 0.98%. Cognex’s payout ratio is 52.46%.

Insider Transactions at Cognex

In other news, CTO Joerg Kuechen sold 2,934 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $37.75, for a total value of $110,758.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Cognex

Large investors have recently modified their holdings of the company. Advisors Asset Management Inc. boosted its position in shares of Cognex by 123.1% in the third quarter. Advisors Asset Management Inc. now owns 714 shares of the scientific and technical instruments company’s stock valued at $29,000 after acquiring an additional 394 shares during the period. SBI Securities Co. Ltd. bought a new stake in Cognex during the fourth quarter valued at approximately $29,000. SRS Capital Advisors Inc. lifted its position in Cognex by 50.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 885 shares of the scientific and technical instruments company’s stock valued at $32,000 after purchasing an additional 295 shares during the last quarter. Truvestments Capital LLC bought a new stake in Cognex during the third quarter valued at approximately $36,000. Finally, CBIZ Investment Advisory Services LLC lifted its position in Cognex by 129.9% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 1,007 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 569 shares during the last quarter. 88.12% of the stock is currently owned by institutional investors.

Cognex Company Profile

Cognex Corporation provides machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to automate the manufacturing and tracking of discrete items, including mobile phones, electric vehicle batteries, and e-commerce packages by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process.