Brokerages Expect Luxfer Holdings PLC (NYSE:LXFR) Will Announce Quarterly Sales of $105.25 Million

Wall Street brokerages forecast that Luxfer Holdings PLC (NYSE:LXFRGet Rating) will report $105.25 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Luxfer’s earnings. The highest sales estimate is $105.50 million and the lowest is $105.00 million. Luxfer reported sales of $99.00 million in the same quarter last year, which indicates a positive year over year growth rate of 6.3%. The business is scheduled to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Luxfer will report full-year sales of $431.25 million for the current year, with estimates ranging from $428.00 million to $434.50 million. For the next financial year, analysts anticipate that the firm will report sales of $465.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Luxfer.

Luxfer (NYSE:LXFRGet Rating) last released its quarterly earnings results on Monday, April 25th. The industrial products company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. Luxfer had a return on equity of 16.41% and a net margin of 5.96%. The business had revenue of $97.00 million during the quarter, compared to analyst estimates of $97.68 million. During the same period in the prior year, the firm posted $0.38 EPS. Luxfer’s quarterly revenue was up 13.8% compared to the same quarter last year.

Several analysts have weighed in on the company. B. Riley boosted their price objective on Luxfer from $26.50 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, February 23rd. StockNews.com downgraded Luxfer from a “buy” rating to a “hold” rating in a research note on Thursday, April 28th. Finally, Zacks Investment Research raised Luxfer from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Thursday, May 5th.

Several institutional investors and hedge funds have recently modified their holdings of the company. Royce & Associates LP raised its holdings in shares of Luxfer by 23.7% during the fourth quarter. Royce & Associates LP now owns 1,013,679 shares of the industrial products company’s stock valued at $19,574,000 after acquiring an additional 194,363 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Luxfer by 8.2% in the 3rd quarter. Goldman Sachs Group Inc. now owns 715,967 shares of the industrial products company’s stock valued at $14,054,000 after buying an additional 54,193 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new stake in Luxfer during the fourth quarter worth approximately $161,000. Advisory Research Inc. lifted its stake in Luxfer by 6.4% in the third quarter. Advisory Research Inc. now owns 370,900 shares of the industrial products company’s stock valued at $7,281,000 after buying an additional 22,439 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Luxfer in the third quarter valued at approximately $323,000. Hedge funds and other institutional investors own 94.58% of the company’s stock.

Shares of NYSE LXFR traded up $0.35 during midday trading on Wednesday, hitting $15.76. 50,489 shares of the company’s stock were exchanged, compared to its average volume of 94,743. Luxfer has a 12-month low of $14.70 and a 12-month high of $23.91. The company has a current ratio of 2.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.42. The company has a market cap of $445.06 million, a price-to-earnings ratio of 18.99, a PEG ratio of 0.85 and a beta of 0.97. The business’s fifty day moving average price is $17.33 and its two-hundred day moving average price is $18.30.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 4th. Investors of record on Thursday, April 14th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.30%. This is an increase from Luxfer’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Wednesday, April 13th. Luxfer’s payout ratio is 62.65%.

About Luxfer (Get Rating)

Luxfer Holdings PLC, together with its subsidiaries, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas containment devices for defense and emergency response, healthcare, transportation, and general industrial end-market applications. It operates in two segments, Elektron and Gas Cylinders.

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