Hexagon (OTCMKTS:HXGBY) Issues Earnings Results

Hexagon (OTCMKTS:HXGBY) announced its quarterly earnings results on Friday. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01, reports. Hexagon had a return on equity of 10.64% and a net margin of 12.09%.The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.67 billion.

Hexagon Stock Performance

Shares of HXGBY traded down $0.11 during trading hours on Friday, reaching $11.28. 264,797 shares of the company traded hands, compared to its average volume of 343,192. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.89 and a current ratio of 1.03. The stock’s fifty day moving average is $11.62 and its 200 day moving average is $11.61. Hexagon has a 1-year low of $8.51 and a 1-year high of $12.85. The stock has a market cap of $30.28 billion, a P/E ratio of 43.38, a price-to-earnings-growth ratio of 2.72 and a beta of 1.40.

Analyst Ratings Changes

A number of research analysts recently issued reports on HXGBY shares. BNP Paribas Exane upgraded shares of Hexagon from a “hold” rating to an “outperform” rating in a research note on Thursday, November 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Hexagon in a research report on Monday, October 27th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

About Hexagon

Hexagon AB (publ) is a Sweden-based global provider of digital reality solutions, combining sensor, software and autonomous technologies. The company develops measurement instruments, software and data analytics platforms that enable customers to capture, process and visualize information about physical assets, infrastructure and environments. Hexagon’s offerings are designed to improve productivity and quality in sectors such as manufacturing, construction, surveying, agriculture, mining, public safety and utilities.

The company’s hardware portfolio includes positioning and dimensioning sensors, laser scanners, GNSS receivers and total stations used for surveying and geospatial data acquisition.