Hexagon (OTCMKTS:HXGBY) Issues Earnings Results

Hexagon (OTCMKTS:HXGBY) announced its quarterly earnings data on Wednesday. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01, Zacks reports. Hexagon had a return on equity of 9.74% and a net margin of 40.44%.The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.14 billion.

Hexagon Stock Performance

Shares of HXGBY stock opened at $9.89 on Thursday. The company has a quick ratio of 3.26, a current ratio of 3.44 and a debt-to-equity ratio of 0.19. The company has a 50 day moving average price of $9.21 and a 200-day moving average price of $10.18. Hexagon has a 52 week low of $8.00 and a 52 week high of $12.85. The firm has a market capitalization of $26.55 billion, a PE ratio of 11.37 and a beta of 1.44.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Barclays lowered Hexagon from a “hold” rating to an “underweight” rating in a research report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Hexagon in a research note on Monday, April 13th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock 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.