Wall Street brokerages forecast that Luxfer Holdings PLC (NYSE:LXFR) will report sales of $94.20 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Luxfer’s earnings. The lowest sales estimate is $92.00 million and the highest is $96.60 million. Luxfer reported sales of $89.50 million during the same quarter last year, which indicates a positive year over year growth rate of 5.3%. The business is scheduled to report its next earnings report after the market closes on Monday, July 26th.
On average, analysts expect that Luxfer will report full year sales of $369.07 million for the current year, with estimates ranging from $364.70 million to $372.50 million. For the next year, analysts forecast that the company will report sales of $397.00 million, with estimates ranging from $387.10 million to $412.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Luxfer.
Luxfer (NYSE:LXFR) last announced its earnings results on Sunday, April 25th. The industrial products company reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.14. Luxfer had a return on equity of 15.90% and a net margin of 8.15%. The company had revenue of $85.20 million for the quarter, compared to analysts’ expectations of $83.40 million. During the same period last year, the firm earned $0.34 EPS. Luxfer’s revenue for the quarter was down 3.6% compared to the same quarter last year.
NYSE LXFR traded down $1.08 on Friday, reaching $19.80. 2,058 shares of the stock were exchanged, compared to its average volume of 104,150. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.40 and a quick ratio of 1.42. Luxfer has a one year low of $11.74 and a one year high of $23.91. The firm has a market cap of $567.27 million, a price-to-earnings ratio of 20.72, a PEG ratio of 1.39 and a beta of 1.09. The firm’s 50-day moving average price is $22.07.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 4th. Investors of record on Friday, July 16th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Thursday, July 15th. Luxfer’s dividend payout ratio (DPR) is currently 53.76%.
In related news, insider Graham Wardlow sold 6,400 shares of the business’s stock in a transaction on Tuesday, May 11th. The stock was sold at an average price of $21.80, for a total transaction of $139,520.00. Following the completion of the transaction, the insider now owns 25,225 shares in the company, valued at approximately $549,905. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.46% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in LXFR. Royal Bank of Canada boosted its holdings in Luxfer by 33.1% in the first quarter. Royal Bank of Canada now owns 2,510 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 624 shares in the last quarter. Citigroup Inc. boosted its stake in Luxfer by 222.0% in the 4th quarter. Citigroup Inc. now owns 5,657 shares of the industrial products company’s stock worth $93,000 after purchasing an additional 3,900 shares in the last quarter. Russell Investments Group Ltd. grew its position in Luxfer by 54.5% during the 1st quarter. Russell Investments Group Ltd. now owns 4,475 shares of the industrial products company’s stock worth $95,000 after purchasing an additional 1,578 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in Luxfer by 95.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 12,412 shares of the industrial products company’s stock valued at $264,000 after purchasing an additional 6,057 shares in the last quarter. Finally, Baker Ellis Asset Management LLC raised its holdings in shares of Luxfer by 40.5% in the first quarter. Baker Ellis Asset Management LLC now owns 15,600 shares of the industrial products company’s stock worth $332,000 after buying an additional 4,500 shares during the last quarter. Institutional investors own 90.57% of the company’s stock.
Luxfer Company Profile
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, Gas Cylinders and Elektron.
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