Oxford Instruments (LON:OXIG) Releases Quarterly Earnings Results

Oxford Instruments (LON:OXIG) posted its quarterly earnings data 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 during 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 Price Performance

Shares of OXIG traded up GBX 34 during mid-day trading on Tuesday, hitting GBX 2,608. The company’s stock had a trading volume of 134,501 shares, compared to its average volume of 996,283. The company has a current ratio of 1.83, a quick ratio of 1.11 and a debt-to-equity ratio of 13.08. Oxford Instruments has a 1-year low of GBX 1,808 and a 1-year high of GBX 3,318. The firm has a 50-day simple moving average of GBX 2,768.91 and a 200 day simple moving average of GBX 2,775.55. The firm has a market capitalization of £1.43 billion, a P/E ratio of 31.16, a P/E/G ratio of -3.56 and a beta of 1.09.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 3,000 price target on shares of Oxford Instruments in a research report on Wednesday, October 14th. JPMorgan Chase & Co. upped their target price on shares of Oxford Instruments from GBX 3,200 to GBX 3,400 and gave the company an “overweight” rating in a report on Thursday, September 10th. Finally, Berenberg Bank lowered their price target 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 research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 2,948.

Insider Activity

In other Oxford Instruments news, insider Richard Tyson acquired 65 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was acquired at an average cost of GBX 2,731 per share, with a total value of £1,775.15. Also, insider Paul Fry purchased 66 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was bought at an average cost of GBX 2,731 per share, with a total value of £1,802.46. Company insiders own 1.56% of the company’s stock.

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