Luxfer (NYSE:LXFR – Get Free Report) issued its earnings results on Tuesday. The industrial products company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01, reports. The business had revenue of $99.70 million during the quarter, compared to analyst estimates of $99.70 million. Luxfer had a positive return on equity of 6.22% and a negative net margin of 1.28%. Luxfer updated its FY 2024 guidance to 0.900-1.000 EPS.
Luxfer Trading Down 0.1 %
Shares of Luxfer stock opened at $12.94 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.33 and a current ratio of 2.56. The company has a fifty day moving average of $11.93 and a 200 day moving average of $10.49. The company has a market capitalization of $354.69 million, a P/E ratio of 25.90, a P/E/G ratio of 2.40 and a beta of 0.94. Luxfer has a fifty-two week low of $7.55 and a fifty-two week high of $13.52.
Luxfer Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Investors of record on Friday, July 19th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date is Friday, July 19th.
Institutional Trading of Luxfer
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Luxfer from a “hold” rating to a “buy” rating in a research note on Monday, May 13th.
Check Out Our Latest Stock Analysis on LXFR
About Luxfer
Luxfer Holdings PLC, together with its subsidiaries, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas containment devices for defense and first response, healthcare, transportation, and general industrial applications. The company operates through three segments: Elektron, Gas Cylinders, and graphic Arts.
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