Oxford Instruments (OXIG) Issues Quarterly Earnings Results, Beats Expectations By $2.10 EPS

Oxford Instruments (LON:OXIG) issued its quarterly earnings results on Tuesday. The company reported GBX 56.30 ($0.75) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 54.20 ($0.72) by GBX 2.10 ($0.03), Bloomberg Earnings reports. Oxford Instruments had a return on equity of 13.16% and a net margin of 7.57%.

Shares of OXIG stock traded up GBX 34 ($0.45) on Thursday, reaching GBX 1,050 ($13.98). 117,356 shares of the company’s stock were exchanged, compared to its average volume of 49,802. Oxford Instruments has a 52 week low of GBX 680 ($9.05) and a 52 week high of GBX 1,174 ($15.63).

The firm also recently declared a dividend, which will be paid on Friday, October 19th. Investors of record on Thursday, September 13th will be paid a dividend of GBX 9.60 ($0.13) per share. This is a positive change from Oxford Instruments’s previous dividend of $3.70. This represents a dividend yield of 0.96%. The ex-dividend date of this dividend is Thursday, September 13th.

OXIG has been the topic of a number of research analyst reports. Peel Hunt reaffirmed a “hold” rating and set a GBX 1,020 ($13.58) price target on shares of Oxford Instruments in a report on Tuesday, February 27th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Oxford Instruments in a report on Thursday, April 12th. Numis Securities reaffirmed a “buy” rating on shares of Oxford Instruments in a report on Wednesday. Berenberg Bank raised Oxford Instruments to a “buy” rating in a report on Thursday. Finally, Liberum Capital reissued a “buy” rating on shares of Oxford Instruments in a report on Friday, March 23rd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 1,050.63 ($13.99).

In other Oxford Instruments news, insider Gavin Hill purchased 235 shares of the firm’s stock in a transaction that occurred on Friday, April 6th. The stock was purchased at an average cost of GBX 763 ($10.16) per share, with a total value of £1,793.05 ($2,387.23). Insiders have purchased a total of 268 shares of company stock valued at $209,717 over the last three months.

Oxford Instruments Company Profile

Oxford Instruments plc, through its subsidiaries, researches, develops, manufactures, rents, sells, and services tools and systems in the United States, rest of Europe, rest of Asia, the United Kingdom, Japan, China, Germany, and internationally. The company's Nanotechnology Tools segment provides high performance scientific imaging cameras, spectroscopy solutions, and microscopy systems for research and OEM markets; atomic force probe microscopy for materials and bioscience applications; 3D and 4D image visualization and analysis software; and nanoanalysis solutions for materials characterization and nanofabrication on scanning electron microscopes, focussed ion beams, and transmission electron microscopes.

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