Hexagon (OTCMKTS:HXGBY – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01, Zacks reports. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Hexagon had a return on equity of 9.00% and a net margin of 11.66%.
Hexagon Price Performance
Shares of Hexagon stock opened at $10.00 on Friday. 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 market cap of $26.84 billion, a PE ratio of 41.67 and a beta of 1.44. The business has a 50 day moving average of $9.19 and a 200 day moving average of $10.17. Hexagon has a 52 week low of $8.00 and a 52 week high of $12.85.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on HXGBY shares. Barclays downgraded shares of Hexagon from a “hold” rating to an “underweight” rating in a research note on Thursday, June 18th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Hexagon in a research report on Monday, April 13th. Finally, Citigroup restated a “neutral” rating on shares of Hexagon in a research report on Thursday. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.
Hexagon Company Profile
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.
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