Hammond Power Solutions (TSE:HPS.A) Announces Earnings Results

Hammond Power Solutions (TSE:HPS.A) posted its quarterly earnings results on Thursday. The company reported C$3.13 EPS for the quarter, FiscalAI reports. The firm had revenue of C$446.26 million for the quarter. Hammond Power Solutions had a net margin of 8.73% and a return on equity of 28.43%.

Hammond Power Solutions Trading Down 6.2%

HPS.A opened at C$229.88 on Friday. The firm’s 50 day moving average is C$255.00 and its 200-day moving average is C$251.63. Hammond Power Solutions has a 52-week low of C$150.56 and a 52-week high of C$365.12. The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 10.76. The firm has a market capitalization of C$2.74 billion, a P/E ratio of 44.46 and a beta of 0.94.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. National Bank Financial increased their price objective on shares of Hammond Power Solutions from C$355.00 to C$380.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 13th. ATB Cormark Capital Markets upped their price target on shares of Hammond Power Solutions from C$350.00 to C$400.00 and gave the stock an “outperform” rating in a research report on Friday, October 9th. Seven equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Hammond Power Solutions presently has an average rating of “Buy” and a consensus price target of C$382.57.

Hammond Power Solutions Company Profile

Hammond Power Solutions Inc (‘HPS’ or the ‘Company’) enables electrification through its broad range of dry-type transformers, power quality products and related magnetic and power conversion systems. HPS’ standard and custom-designed products are essential and ubiquitous in electrical distribution networks through an extensive range of end-user applications. The Company has manufacturing plants in North America, Europe and Asia and sells its products around the globe.