Heroux-Devtek (HRX) Releases Quarterly Earnings, Misses Estimates By $0.04 EPS
Heroux-Devtek (TSE:HRX) posted its quarterly earnings results on Friday. The company reported $0.12 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.16 by $0.04, Stock Ratings Network.com reports.
Heroux-Devtek (TSE:HRX) opened at 10.70 on Friday. Heroux-Devtek has a 52-week low of $8.00 and a 52-week high of $12.35. The stock’s 50-day moving average is $10.92 and its 200-day moving average is $11.3. The company has a market cap of $338.4 million and a price-to-earnings ratio of 37.03.
A number of analysts have recently weighed in on HRX shares. Analysts at Raymond James reiterated an “outperform” rating on shares of Heroux-Devtek in a research note on Thursday, July 10th. They now have a C$14.50 price target on the stock, down previously from C$15.50. On the ratings front, analysts at National Bank Financial reiterated an “outperform” rating on shares of Heroux-Devtek in a research note on Thursday, July 3rd. They now have a C$14.00 price target on the stock. Finally, analysts at TD Securities cut their price target on shares of Heroux-Devtek from C$13.50 to C$13.00 in a research note on Wednesday, July 2nd. They now have a “hold” rating on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of C$13.50.
Heroux-Devtek Inc (TSE:HRX) specializes in the design, development, manufacture, repair and overhaul of landing gear systems and components used principally in the Aerospace market.
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