Luxfer (NYSE:LXFR) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Luxfer (NYSE:LXFR) 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

Several institutional investors have recently made changes to their positions in LXFR. Tower Research Capital LLC TRC grew its position in shares of Luxfer by 855.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,971 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 5,346 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Luxfer during the 1st quarter worth approximately $68,000. CWM LLC boosted its position in shares of Luxfer by 466.6% during the 2nd quarter. CWM LLC now owns 7,558 shares of the industrial products company’s stock valued at $88,000 after acquiring an additional 6,224 shares during the last quarter. Oxford Asset Management LLP purchased a new position in shares of Luxfer in the fourth quarter valued at $113,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Luxfer in the fourth quarter worth $131,000. Hedge funds and other institutional investors own 90.82% of the company’s stock.

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.

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.