Analysts Expect Luxfer Holdings PLC (NYSE:LXFR) to Announce $0.42 Earnings Per Share

Luxfer Holdings PLC (NYSE:LXFR) has received a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation. Luxfer’s rating score has declined by 200% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.

Zacks has also assigned Luxfer an industry rank of 143 out of 256 based on the ratings given to its competitors.

LXFR has been the subject of several recent analyst reports. ValuEngine raised shares of Luxfer from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Zacks Investment Research raised shares of Luxfer from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Tuesday, May 7th.

Shares of NYSE:LXFR opened at $22.48 on Thursday. Luxfer has a 52 week low of $16.39 and a 52 week high of $28.06. The company has a quick ratio of 0.96, a current ratio of 1.92 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $595.81 million, a price-to-earnings ratio of 13.88 and a beta of 1.06.

Luxfer (NYSE:LXFR) last issued its earnings results on Wednesday, May 1st. The industrial products company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.08). Luxfer had a net margin of 2.11% and a return on equity of 24.27%. The firm had revenue of $120.40 million during the quarter, compared to the consensus estimate of $115.00 million. On average, research analysts anticipate that Luxfer will post 1.72 EPS for the current year.

In other news, Director David Landless sold 1,250 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $23.46, for a total transaction of $29,325.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Andrew Butcher sold 4,963 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $25.08, for a total transaction of $124,472.04. Following the sale, the insider now directly owns 89,134 shares of the company’s stock, valued at approximately $2,235,480.72. The disclosure for this sale can be found here. Insiders have sold 23,212 shares of company stock valued at $554,457 in the last three months. 1.46% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of LXFR. Oppenheimer Asset Management Inc. bought a new stake in shares of Luxfer during the fourth quarter worth $34,000. Mckinley Capital Management LLC Delaware bought a new position in Luxfer in the first quarter valued at $57,000. Investors Research Corp bought a new position in Luxfer in the first quarter valued at $182,000. GSA Capital Partners LLP bought a new position in Luxfer in the fourth quarter valued at $185,000. Finally, Northern Trust Corp bought a new position in Luxfer in the fourth quarter valued at $200,000. 97.62% of the stock is owned by institutional investors.

Luxfer Company Profile

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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