Desjardins Research Analysts Lower Earnings Estimates for Heroux Devtek Inc (HRX)
Heroux Devtek Inc (TSE:HRX) – Analysts at Desjardins reduced their Q3 2019 earnings per share estimates for shares of Heroux Devtek in a research report issued to clients and investors on Tuesday, November 13th. Desjardins analyst B. Poirier now expects that the company will earn $0.14 per share for the quarter, down from their prior estimate of $0.16. Desjardins currently has a “Buy” rating and a $21.00 price objective on the stock. Desjardins also issued estimates for Heroux Devtek’s Q4 2019 earnings at $0.24 EPS, FY2019 earnings at $0.58 EPS, FY2020 earnings at $0.81 EPS and FY2021 earnings at $0.99 EPS.
Heroux Devtek (TSE:HRX) last issued its quarterly earnings results on Monday, November 12th. The company reported C$0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.14 by C($0.02). The company had revenue of C$95.67 million for the quarter, compared to analyst estimates of C$107.00 million.
Shares of TSE:HRX opened at C$12.89 on Wednesday. The company has a current ratio of 3.15, a quick ratio of 1.62 and a debt-to-equity ratio of 34.79. Heroux Devtek has a 52 week low of C$11.91 and a 52 week high of C$16.75.
About Heroux Devtek
Héroux-Devtek Inc engages in the design, development, manufacture, integration, testing, and repair and overhaul of aircraft landing gears, hydraulic flight control actuators, and fracture-critical components in Canada, the United States, and the United Kingdom. The company also manufactures and sells hydraulic systems, fluid filtration systems, electronic enclosures, heat exchangers, and cabinets for suppliers of airborne radar, electro-optic systems, and aircraft controls.
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