Luxfer (NYSE:LXFR) Announces Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Luxfer (NYSE:LXFR) released its quarterly earnings data on Wednesday. The industrial products company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03), FiscalAI reports. Luxfer had a return on equity of 12.22% and a net margin of 2.20%. The firm had revenue of $89.30 million for the quarter, compared to analyst estimates of $93.70 million.

Luxfer Trading Up 0.0%

Shares of LXFR stock opened at $17.27 on Thursday. The stock has a market capitalization of $466.03 million, a P/E ratio of 57.55, a P/E/G ratio of 2.24 and a beta of 1.12. Luxfer has a fifty-two week low of $11.26 and a fifty-two week high of $19.45. The company has a quick ratio of 1.05, a current ratio of 2.33 and a debt-to-equity ratio of 0.26. The stock has a 50-day simple moving average of $17.24 and a 200 day simple moving average of $15.79.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Luxfer from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Luxfer presently has a consensus rating of “Moderate Buy”.

Luxfer Company Profile

Luxfer Holdings PLC (NYSE: LXFR) is a global manufacturer of engineered materials and high-pressure gas cylinders. The company serves industrial, healthcare, transportation, aerospace, defense, emergency response and other specialized markets with products designed for demanding applications.

Through its Luxfer Gas Cylinders business, the company produces aluminum, composite and other specialized cylinders used to store and transport medical oxygen, breathing air, industrial gases, alternative fuels such as compressed natural gas and hydrogen, and fire-suppression agents.