Published On: Wed, Sep 21st, 2016

Analogic Corp. (ALOG) Issues Earnings Results, Misses Expectations By $0.15 EPS

Analogic Corp. (NASDAQ:ALOG) posted its quarterly earnings data on Wednesday. The company reported $1.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.17 by $0.15. Analogic Corp. had a net margin of 2.71% and a return on equity of 7.83%. The business had revenue of $138.10 million for the quarter, compared to analysts’ expectations of $139.03 million. During the same quarter in the previous year, the firm earned $1.28 EPS. Analogic Corp.’s revenue was down 10.6% compared to the same quarter last year.
Shares of Analogic Corp. (NASDAQ:ALOG) traded down 2.51% during midday trading on Wednesday, hitting $89.32. The company’s stock had a trading volume of 109,367 shares. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 78.35 and a beta of 0.95. The firm has a 50-day moving average of $88.54 and a 200 day moving average of $82.38. Analogic Corp. has a 12-month low of $68.71 and a 12-month high of $93.73.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 12th. Shareholders of record on Thursday, September 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. Analogic Corp.’s dividend payout ratio is 35.40%.

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In other news, 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 value of $41,480.00. Following the transaction, the insider now owns 2,891 shares in the company, valued at $239,837.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $113,125.00. Following the completion of the transaction, the insider now owns 2,839 shares in the company, valued at approximately $256,929.50. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. Profund Advisors LLC increased its position in Analogic Corp. by 2.5% in the second quarter. Profund Advisors LLC now owns 2,748 shares of the company’s stock valued at $218,000 after buying an additional 68 shares during the period. Arizona State Retirement System boosted its stake in Analogic Corp. by 1.6% in the second quarter. Arizona State Retirement System now owns 6,461 shares of the company’s stock valued at $513,000 after buying an additional 100 shares in the last quarter. BlackRock Advisors LLC boosted its stake in Analogic Corp. by 3.4% in the second quarter. BlackRock Advisors LLC now owns 5,972 shares of the company’s stock valued at $474,000 after buying an additional 194 shares in the last quarter. BlackRock Group LTD boosted its stake in Analogic Corp. by 4.2% in the second quarter. BlackRock Group LTD now owns 19,631 shares of the company’s stock valued at $1,560,000 after buying an additional 783 shares in the last quarter. Finally, Teachers Advisors Inc. boosted its stake in Analogic Corp. by 4.4% in the second quarter. Teachers Advisors Inc. now owns 25,276 shares of the company’s stock valued at $2,008,000 after buying an additional 1,064 shares in the last quarter. Institutional investors and hedge funds own 99.81% of the company’s stock.
ALOG has been the subject of a number of recent analyst reports. TheStreet upgraded Analogic Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, June 8th. Brean Capital restated a “buy” rating on shares of Analogic Corp. in a report on Thursday, June 2nd. Finally, Zacks Investment Research upgraded Analogic Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd.
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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