Brokerages Anticipate Luxfer Holdings PLC (LXFR) Will Post Earnings of $0.25 Per Share

Analysts expect that Luxfer Holdings PLC (NYSE:LXFR) will announce $0.25 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Luxfer’s earnings. Luxfer reported earnings of $0.14 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 78.6%. The firm is expected to announce its next earnings report on Tuesday, March 6th.

According to Zacks, analysts expect that Luxfer will report full-year earnings of $1.05 per share for the current year. For the next financial year, analysts anticipate that the business will report earnings of $1.20 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Luxfer.

Luxfer (NYSE:LXFR) last released its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. Luxfer had a net margin of 4.04% and a return on equity of 15.13%.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Luxfer from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. BidaskClub cut shares of Luxfer from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, ValuEngine raised shares of Luxfer from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th.

A number of institutional investors and hedge funds have recently made changes to their positions in LXFR. State Street Corp raised its holdings in shares of Luxfer by 1.3% in the second quarter. State Street Corp now owns 16,786 shares of the industrial products company’s stock valued at $215,000 after buying an additional 222 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of Luxfer by 11.1% in the second quarter. Parametric Portfolio Associates LLC now owns 15,916 shares of the industrial products company’s stock valued at $204,000 after buying an additional 1,589 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Luxfer by 1.5% in the second quarter. Wells Fargo & Company MN now owns 192,039 shares of the industrial products company’s stock valued at $2,456,000 after buying an additional 2,879 shares during the last quarter. Renaissance Group LLC raised its holdings in shares of Luxfer by 11.9% in the third quarter. Renaissance Group LLC now owns 34,579 shares of the industrial products company’s stock valued at $431,000 after buying an additional 3,666 shares during the last quarter. Finally, Advisors Preferred LLC purchased a new stake in shares of Luxfer in the third quarter valued at about $120,000. 86.27% of the stock is owned by hedge funds and other institutional investors.

Shares of Luxfer (NYSE LXFR) opened at $15.01 on Friday. Luxfer has a 1 year low of $10.85 and a 1 year high of $16.21. The firm has a market cap of $397.02, a price-to-earnings ratio of 23.45 and a beta of 0.90. The company has a quick ratio of 1.22, a current ratio of 2.34 and a debt-to-equity ratio of 0.61.

The business also recently declared a None dividend, which will be paid on Wednesday, February 7th. Investors of record on Friday, January 19th will be given a $0.125 dividend. The ex-dividend date of this dividend is Thursday, January 18th. This is a boost from Luxfer’s previous None dividend of $0.12. This represents a yield of 3.33%. Luxfer’s payout ratio is 78.13%.

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About Luxfer

Luxfer Holdings PLC is a holding company. The Company is a materials technology company specializing in the design, manufacture and supply of materials, components and gas-containment devices for healthcare, environmental, protection and specialty end-markets. It operates through two divisions: Elektron and Gas Cylinders.

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