Luxfer Holdings PLC (NYSE:LXFR) – Stock analysts at KeyCorp decreased their FY2019 EPS estimates for Luxfer in a report released on Tuesday, November 5th. KeyCorp analyst P. Gibbs now expects that the industrial products company will post earnings per share of $1.35 for the year, down from their previous forecast of $1.47. KeyCorp also issued estimates for Luxfer’s Q4 2019 earnings at $0.27 EPS and FY2020 earnings at $1.65 EPS.
Luxfer (NYSE:LXFR) last issued its earnings results on Wednesday, October 30th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.02). Luxfer had a positive return on equity of 23.71% and a negative net margin of 0.66%. The business had revenue of $107.10 million for the quarter, compared to the consensus estimate of $103.00 million.
Several other research analysts have also recently issued reports on LXFR. ValuEngine upgraded shares of Luxfer from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. Zacks Investment Research raised shares of Luxfer from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th.
Luxfer stock traded down $0.08 during midday trading on Friday, hitting $17.03. 329 shares of the company’s stock were exchanged, compared to its average volume of 111,809. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.26 and a current ratio of 2.58. Luxfer has a 12 month low of $14.65 and a 12 month high of $28.06. The firm has a 50-day moving average of $16.11 and a two-hundred day moving average of $20.00. The company has a market cap of $458.52 million, a PE ratio of 10.09 and a beta of 1.10.
Institutional investors have recently made changes to their positions in the stock. Paradice Investment Management LLC increased its holdings in Luxfer by 2.5% in the 3rd quarter. Paradice Investment Management LLC now owns 2,658,731 shares of the industrial products company’s stock worth $41,423,000 after buying an additional 65,074 shares during the period. First Mercantile Trust Co. increased its holdings in Luxfer by 20.6% in the 3rd quarter. First Mercantile Trust Co. now owns 9,775 shares of the industrial products company’s stock worth $152,000 after buying an additional 1,670 shares during the period. California Public Employees Retirement System acquired a new position in Luxfer in the 3rd quarter worth approximately $200,000. River & Mercantile Asset Management LLP acquired a new position in Luxfer in the 2nd quarter worth approximately $2,901,000. Finally, Atria Investments LLC acquired a new position in Luxfer in the 2nd quarter worth approximately $375,000.
In other news, Director Richard J. Hipple purchased 3,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was acquired at an average cost of $16.25 per share, with a total value of $48,750.00. Following the completion of the transaction, the director now owns 3,000 shares in the company, valued at approximately $48,750. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.46% of the company’s stock.
The company also recently declared a dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, October 18th were given a dividend of $0.125 per share. The ex-dividend date was Thursday, October 17th.
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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