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

Hammond Power Solutions (TSE:HPS.A) released its earnings results on Thursday. The company reported C$1.98 EPS for the quarter, FiscalAI reports. The firm had revenue of C$254.09 million during the quarter. Hammond Power Solutions had a return on equity of 28.43% and a net margin of 8.73%.

Hammond Power Solutions Price Performance

Shares of Hammond Power Solutions stock traded down C$11.60 on Thursday, hitting C$173.84. The company’s stock had a trading volume of 122,873 shares, compared to its average volume of 70,462. The company has a market capitalization of C$2.07 billion, a price-to-earnings ratio of 25.64 and a beta of 0.48. Hammond Power Solutions has a 1 year low of C$69.29 and a 1 year high of C$217.46. The company has a debt-to-equity ratio of 10.76, a quick ratio of 1.06 and a current ratio of 2.03. The firm has a fifty day moving average price of C$185.65 and a 200-day moving average price of C$164.63.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HPS.A shares. ATB Cormark Capital Markets raised their price target on shares of Hammond Power Solutions from C$235.00 to C$250.00 in a research report on Wednesday, February 18th. National Bank Financial increased their price objective on shares of Hammond Power Solutions from C$195.00 to C$215.00 in a research note on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$206.00.

Hammond Power Solutions Company Profile

Hammond Power Solutions Inc is engaged in designing and manufacturing of custom electrical magnetics, cast resin, custom liquid filled distribution and power transformers and standard electrical transformers, serving the electrical and electronic industries. The company has manufacturing plants in Canada, the United States, Mexico and India. The company operates in various geographical markets including Canada, the United States, Mexico, and India in which it derives majority revenue in the United States and Mexico.