FY2020 EPS Estimates for Luxfer Holdings PLC Boosted by Analyst (LXFR)

Luxfer Holdings PLC (NYSE:LXFR) – KeyCorp raised their FY2020 earnings per share (EPS) estimates for Luxfer in a note issued to investors on Thursday, May 16th. KeyCorp analyst P. Gibbs now forecasts that the industrial products company will post earnings per share of $2.25 for the year, up from their prior forecast of $2.20.

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

LXFR opened at $25.83 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.96 and a current ratio of 1.92. Luxfer has a 1 year low of $16.39 and a 1 year high of $28.06. The company has a market cap of $671.88 million, a P/E ratio of 15.28 and a beta of 1.12.

Luxfer (NYSE:LXFR) last posted its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.08). Luxfer had a return on equity of 24.27% and a net margin of 2.11%. The company had revenue of $120.40 million for the quarter, compared to the consensus estimate of $115.00 million.

Several hedge funds have recently modified their holdings of LXFR. Morgan Stanley grew its position in shares of Luxfer by 48.3% in the 3rd quarter. Morgan Stanley now owns 134,678 shares of the industrial products company’s stock worth $3,131,000 after buying an additional 43,836 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Luxfer in the 4th quarter worth approximately $34,000. Acadian Asset Management LLC grew its position in shares of Luxfer by 24.9% in the 4th quarter. Acadian Asset Management LLC now owns 736,997 shares of the industrial products company’s stock worth $12,990,000 after buying an additional 146,789 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of Luxfer by 11.5% in 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. Finally, Robeco Institutional Asset Management B.V. bought a new stake in shares of Luxfer in the 4th quarter worth approximately $234,000. Hedge funds and other institutional investors own 97.18% of the company’s stock.

In other news, Director Peter Gibbons sold 1,450 shares of Luxfer stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $25.40, for a total value of $36,830.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Joseph Bonn sold 10,041 shares of Luxfer 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,049 shares of company stock worth $296,969. 1.46% of the stock is owned by corporate insiders.

The business also recently declared a dividend, which was paid on Wednesday, May 1st. Investors of record on Friday, April 12th were given a dividend of $0.125 per share. The ex-dividend date was Thursday, April 11th.

About Luxfer

Luxfer Holdings Plc is a technology company, which designs, manufactures, and supplies materials, components, and high-pressure gas-containment devices for healthcare, environmental, protection, and specialty end-markets. It operates through the Gas Cylinder and Elektron segments. The Gas Cylinders segment manufactures and markets high-pressure aluminum and composite cylinders, systems, and accessories under the Luxfer Gas Cylinders and Superform brands.

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