Luxfer Holdings PLC (NYSE:LXFR) Expected to Announce Quarterly Sales of $83.27 Million


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Brokerages predict that Luxfer Holdings PLC (NYSE:LXFR) will post $83.27 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Luxfer’s earnings. The lowest sales estimate is $80.00 million and the highest is $85.80 million. Luxfer reported sales of $103.80 million in the same quarter last year, which indicates a negative year over year growth rate of 19.8%. The company is scheduled to report its next quarterly earnings report after the market closes on Monday, April 26th.

According to Zacks, analysts expect that Luxfer will report full-year sales of $348.30 million for the current financial year, with estimates ranging from $347.40 million to $350.00 million. For the next financial year, analysts forecast that the firm will report sales of $371.17 million, with estimates ranging from $360.90 million to $385.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Luxfer.

Luxfer (NYSE:LXFR) last issued its quarterly earnings data on Wednesday, February 24th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.05. Luxfer had a return on equity of 13.81% and a net margin of 2.74%. The company had revenue of $82.10 million during the quarter, compared to the consensus estimate of $89.35 million. The firm’s revenue for the quarter was down .2% compared to the same quarter last year.

LXFR has been the topic of several research reports. Roth Capital upped their price objective on shares of Luxfer from $22.50 to $30.00 and gave the company a “buy” rating in a report on Monday, March 22nd. B. Riley increased their price target on Luxfer from $19.00 to $24.50 and gave the stock a “buy” rating in a report on Thursday, February 25th. Finally, Zacks Investment Research downgraded Luxfer from a “hold” rating to a “sell” rating in a report on Tuesday, March 23rd.

In other Luxfer news, insider James Gardella sold 20,614 shares of the business’s stock in a transaction dated Tuesday, March 16th. The shares were sold at an average price of $21.35, for a total value of $440,108.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.46% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. Citigroup Inc. lifted its position in shares of Luxfer by 222.0% during the 4th quarter. Citigroup Inc. now owns 5,657 shares of the industrial products company’s stock valued at $93,000 after buying an additional 3,900 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Luxfer in the fourth quarter worth about $103,000. Baker Ellis Asset Management LLC bought a new stake in shares of Luxfer in the fourth quarter valued at approximately $182,000. UBS Asset Management Americas Inc. lifted its stake in shares of Luxfer by 17.5% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 14,800 shares of the industrial products company’s stock valued at $186,000 after buying an additional 2,200 shares in the last quarter. Finally, Artisan Partners Limited Partnership bought a new position in Luxfer in the 4th quarter worth approximately $316,000. 91.93% of the stock is owned by institutional investors and hedge funds.

Luxfer stock traded up $0.40 during mid-day trading on Wednesday, hitting $20.81. 41,347 shares of the stock were exchanged, compared to its average volume of 100,707. The company has a quick ratio of 0.81, a current ratio of 1.72 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $575.11 million, a price-to-earnings ratio of 56.24, a PEG ratio of 1.25 and a beta of 0.99. The firm’s fifty day simple moving average is $20.77 and its two-hundred day simple moving average is $17.12. Luxfer has a 12 month low of $11.42 and a 12 month high of $22.16.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 5th. Investors of record on Friday, April 16th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Thursday, April 15th. Luxfer’s payout ratio is currently 38.46%.

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 emergency response, healthcare, transportation, and general industrial end-market applications. It operates in two segments, Gas Cylinders and Elektron.

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