Hexagon (OTCMKTS:HXGBY) Posts Earnings Results, Hits Expectations

Hexagon (OTCMKTS:HXGBY) posted its earnings results on Friday. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09, Zacks reports. Hexagon had a return on equity of 10.21% and a net margin of 11.66%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.14 billion.

Hexagon Trading Up 2.8%

Shares of HXGBY stock opened at $10.60 on Friday. The company has a market cap of $28.45 billion, a PE ratio of 44.17 and a beta of 1.40. Hexagon has a 1 year low of $8.00 and a 1 year high of $12.85. The stock’s 50 day simple moving average is $10.11 and its two-hundred day simple moving average is $9.89. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.53 and a quick ratio of 1.29.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Hexagon in a research note on Tuesday, September 1st. Citigroup reiterated a “neutral” rating on shares of Hexagon in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

About Hexagon

Hexagon AB is a Sweden-based technology company that develops digital reality, geospatial, and industrial intelligence solutions. Its products combine sensors, software, and autonomous technologies to help customers measure, design, manufacture, monitor, and manage physical environments and industrial operations.

The company serves industries including surveying and construction, manufacturing, infrastructure, mining, agriculture, public safety, and transportation. Its offerings include surveying instruments, positioning and measurement systems, 3D laser scanning, computer-aided manufacturing software, quality management tools, industrial asset management solutions, and digital twin technologies.