Brokerages Anticipate Luxfer Holdings PLC (LXFR) to Announce $0.40 Earnings Per Share

Luxfer Holdings PLC (NYSE:LXFR) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokerages have set a 12 month consensus price objective of $27.00 for the company and are forecasting that the company will post $0.40 EPS for the current quarter, according to Zacks. Zacks has also given Luxfer an industry rank of 169 out of 255 based on the ratings given to related companies.

A number of equities analysts have issued reports on LXFR shares. Zacks Investment Research lowered Luxfer from a “hold” rating to a “sell” rating in a research report on Wednesday, March 13th. ValuEngine lowered Luxfer from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.

Luxfer stock traded up $0.56 during midday trading on Friday, hitting $24.98. 137,445 shares of the company were exchanged, compared to its average volume of 287,366. The firm has a market capitalization of $647.23 million, a PE ratio of 14.78 and a beta of 1.11. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.00 and a current ratio of 2.07. Luxfer has a fifty-two week low of $12.49 and a fifty-two week high of $28.06.

Luxfer (NYSE:LXFR) last released its quarterly earnings results on Monday, March 11th. The industrial products company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.31 by $0.09. The firm had revenue of $110.90 million for the quarter, compared to analyst estimates of $118.00 million. Luxfer had a return on equity of 25.27% and a net margin of 4.73%. On average, analysts forecast that Luxfer will post 1.85 earnings per share for the current fiscal year.

In other Luxfer news, Director Joseph Bonn sold 10,041 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $22.30, for a total value of $223,914.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Several institutional investors and hedge funds have recently made changes to their positions in LXFR. Oppenheimer Asset Management Inc. acquired a new position in shares of Luxfer in the 4th quarter valued at approximately $34,000. Wells Fargo & Company MN increased its holdings in shares of Luxfer by 1.1% in the 3rd quarter. Wells Fargo & Company MN now owns 183,855 shares of the industrial products company’s stock valued at $4,275,000 after acquiring an additional 1,961 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Luxfer in the 4th quarter valued at approximately $185,000. Northern Trust Corp bought a new position in Luxfer during the 4th quarter worth $200,000. Finally, New York State Common Retirement Fund grew its stake in Luxfer by 11.5% during the 4th quarter. New York State Common Retirement Fund now owns 112,867 shares of the industrial products company’s stock worth $1,990,000 after buying an additional 11,599 shares during the last quarter. 96.59% of the stock is currently owned by institutional investors.

Luxfer Company Profile

Luxfer Holdings PLC, a materials technology company, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas-containment devices for transportation, defense and emergency response, healthcare, and general industrial applications in Europe, North America, the Asia Pacific, and internationally.

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