Oxford Instruments (LON:OXIG) Posts Earnings Results

Oxford Instruments (LON:OXIG) released its earnings results on Tuesday. The company reported GBX 42.60 earnings per share for the quarter, Digital Look Earnings reports. The business had revenue of £201.10 million for the quarter. Oxford Instruments had a return on equity of 13.94% and a net margin of 11.39%.

Here are the key takeaways from Oxford Instruments’ conference call:

• Oxford Instruments reported a strong first half: orders rose 44%, revenue increased 9% at constant currency, adjusted operating profit grew 28%, and the group operating margin advanced 160 basis points to 14.9%.
• Advanced Technologies orders more than doubled to £132 million, with revenue up around 27% and its operating margin reaching 7.5%. The company now expects around 20% revenue growth in FY 2028 and says the division should reach its 12%–15% medium-term margin range earlier than previously expected.
• Imaging and Analysis orders grew 12.6% at constant currency, rebuilding the order book and improving cover for the second half. Management expects low-single-digit revenue growth for the full year, assuming orders continue at a similar pace.
• Management flagged execution risks as Advanced Technologies scales, including supply-chain constraints and the need to add and train staff; it also cautioned that the operating environment remains uncertain. Continued U.S. weakness in academic healthcare and life-sciences demand and currency headwinds are additional pressures.

Oxford Instruments Stock Performance

OXIG opened at GBX 2,640 on Wednesday. Oxford Instruments has a twelve month low of GBX 1,850 and a twelve month high of GBX 3,318. The firm has a market capitalization of £1.44 billion, a PE ratio of 31.54, a PEG ratio of -3.56 and a beta of 1.09. The company has a current ratio of 1.83, a quick ratio of 1.11 and a debt-to-equity ratio of 13.08. The firm’s 50-day moving average price is GBX 2,764.23 and its 200 day moving average price is GBX 2,776.04.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Jefferies Financial Group reiterated a “hold” rating and set a GBX 3,000 price target on shares of Oxford Instruments in a research report on Wednesday. JPMorgan Chase & Co. increased their price objective on Oxford Instruments from GBX 3,200 to GBX 3,400 and gave the company an “overweight” rating in a research note on Thursday, September 10th. Finally, Berenberg Bank decreased their price objective on Oxford Instruments from GBX 3,000 to GBX 2,840 and set a “hold” rating on the stock in a report on Wednesday, October 14th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 2,948.

Insider Transactions at Oxford Instruments

In other Oxford Instruments news, insider Richard Tyson bought 65 shares of the firm’s stock in a transaction on Thursday, September 10th. The shares were acquired at an average cost of GBX 2,731 per share, with a total value of £1,775.15. Also, insider Paul Fry bought 66 shares of the stock in a transaction dated Thursday, September 10th. The shares were bought at an average price of GBX 2,731 per share, for a total transaction of £1,802.46. 1.56% of the stock is currently owned by corporate insiders.

Oxford Instruments Company Profile

Oxford Instruments provides academic and commercial organisations worldwide with market-leading scientific technology and expertise across its key market segments: materials analysis, semiconductor, and healthcare & life science. Innovation is the driving force behind Oxford Instruments’ growth and success, supporting its core purpose to accelerate the breakthroughs that create a brighter future for our world. The vigorous search for new ways to make our world greener, healthier and more productive is driving unprecedented levels of R&D investment in new materials and techniques to support productivity and decarbonisation worldwide, creating a significant opportunity for Oxford Instruments to grow.