Hammond Power Solutions (TSE:HPS.A) Releases Quarterly Earnings Results

Hammond Power Solutions (TSE:HPS.A) posted its earnings results on Tuesday. The company reported C$2.08 EPS for the quarter, FiscalAI reports. Hammond Power Solutions had a net margin of 8.73% and a return on equity of 28.43%. The company had revenue of C$264.84 million for the quarter.

Hammond Power Solutions Stock Up 5.1%

Shares of HPS.A traded up C$14.66 during mid-day trading on Wednesday, hitting C$304.48. 124,048 shares of the company’s stock were exchanged, compared to its average volume of 88,976. The stock’s 50-day moving average is C$211.37 and its 200-day moving average is C$187.35. The company has a debt-to-equity ratio of 10.76, a quick ratio of 1.06 and a current ratio of 2.03. Hammond Power Solutions has a fifty-two week low of C$91.00 and a fifty-two week high of C$309.88. The company has a market cap of C$3.62 billion, a price-to-earnings ratio of 50.16 and a beta of 0.96.

Analyst Ratings Changes

Several brokerages have recently commented on HPS.A. Royal Bank Of Canada set a C$250.00 price objective on shares of Hammond Power Solutions and gave the stock an “outperform” rating in a report on Monday, April 13th. Canaccord Genuity Group boosted their target price on Hammond Power Solutions from C$223.00 to C$226.00 and gave the company a “buy” rating in a research report on Monday, March 23rd. ATB Cormark Capital Markets upped their price target on Hammond Power Solutions from C$235.00 to C$250.00 in a research note on Wednesday, February 18th. Finally, National Bank Financial raised their price target on Hammond Power Solutions from C$220.00 to C$235.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 7th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$240.25.

Hammond Power Solutions Company Profile

Hammond Power Solutions Inc is engaged in designing and manufacturing of custom electrical magnetics, cast resin, custom liquid filled distribution and power transformers and standard electrical transformers, serving the electrical and electronic industries. The company has manufacturing plants in Canada, the United States, Mexico and India. The company operates in various geographical markets including Canada, the United States, Mexico, and India in which it derives majority revenue in the United States and Mexico.