Brokerages Expect Luxfer Holdings PLC (NYSE:LXFR) to Announce $0.25 Earnings Per Share
Luxfer Holdings PLC (NYSE:LXFR) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus target price of $16.00 for the company and are anticipating that the company will post $0.25 EPS for the current quarter, according to Zacks. Zacks has also given Luxfer Holdings PLC an industry rank of 157 out of 265 based on the ratings given to its competitors.
A number of research firms have recently commented on LXFR. Zacks Investment Research cut shares of Luxfer Holdings PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, August 23rd. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $16.00 price target on shares of Luxfer Holdings PLC in a report on Sunday, July 10th. Finally, TheStreet cut shares of Luxfer Holdings PLC from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th.
A number of hedge funds have recently bought and sold shares of LXFR. Public Employees Retirement System of Ohio bought a new stake in Luxfer Holdings PLC during the second quarter valued at about $114,000. O Shaughnessy Asset Management LLC raised its stake in Luxfer Holdings PLC by 163.6% in the second quarter. O Shaughnessy Asset Management LLC now owns 13,228 shares of the company’s stock valued at $159,000 after buying an additional 8,209 shares during the last quarter. State Street Corp raised its stake in Luxfer Holdings PLC by 2.1% in the second quarter. State Street Corp now owns 16,322 shares of the company’s stock valued at $196,000 after buying an additional 337 shares during the last quarter. Kempen Capital Management N.V. raised its stake in Luxfer Holdings PLC by 79.2% in the first quarter. Kempen Capital Management N.V. now owns 27,600 shares of the company’s stock valued at $293,000 after buying an additional 12,200 shares during the last quarter. Finally, Geode Capital Management LLC acquired a new stake in Luxfer Holdings PLC during the first quarter valued at $305,000. 84.65% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Luxfer Holdings PLC (NYSE:LXFR) opened at 11.53 on Thursday. Luxfer Holdings PLC has a one year low of $9.17 and a one year high of $13.60. The firm has a market capitalization of $303.23 million, a price-to-earnings ratio of 10.81 and a beta of 0.63. The stock has a 50 day moving average of $11.29 and a 200-day moving average of $11.88.
Luxfer Holdings PLC (NYSE:LXFR) last posted its earnings results on Tuesday, August 9th. The company reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates of $0.29. Luxfer Holdings PLC had a net margin of 6.56% and a return on equity of 18.51%. The business had revenue of $111 million for the quarter, compared to analysts’ expectations of $113.92 million. On average, equities analysts anticipate that Luxfer Holdings PLC will post $1.14 earnings per share for the current fiscal year.
The business also recently declared a dividend, which will be paid on Wednesday, November 2nd. Investors of record on Friday, October 14th will be issued a $0.125 dividend. The ex-dividend date is Wednesday, October 12th. This is a boost from Luxfer Holdings PLC’s previous dividend of $0.12. Luxfer Holdings PLC’s dividend payout ratio is currently 42.59%.
Luxfer Holdings PLC Company Profile
Luxfer Holdings PLC is a holding company. The Company is a global materials technology company specializing in the design, manufacture and supply of materials, components and high-pressure gas-containment devices for healthcare, environmental, protection and specialty end-markets. Its segments include Elektron division and Gas Cylinders division.
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