Luxfer (NYSE:LXFR – Get Free Report) released its quarterly earnings results on Wednesday. The industrial products company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.03), FiscalAI reports. Luxfer had a return on equity of 12.22% and a net margin of 2.20%. The company had revenue of $89.30 million for the quarter, compared to analyst estimates of $93.70 million.
Luxfer Price Performance
Shares of LXFR traded up $0.01 during trading hours on Wednesday, hitting $17.27. 290,568 shares of the stock were exchanged, compared to its average volume of 248,818. The stock’s 50-day moving average price is $17.23 and its two-hundred day moving average price is $15.77. Luxfer has a 12-month low of $11.26 and a 12-month high of $19.45. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.05 and a current ratio of 2.33. The company has a market cap of $466.03 million, a price-to-earnings ratio of 57.55, a price-to-earnings-growth ratio of 2.24 and a beta of 1.12.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded Luxfer from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Luxfer currently has a consensus rating of “Moderate Buy”.
Read Our Latest Stock Report on LXFR
About Luxfer
Luxfer Holdings PLC (NYSE: LXFR) is a global manufacturer of engineered materials and high-pressure gas cylinders. The company serves industrial, healthcare, transportation, aerospace, defense, emergency response and other specialized markets with products designed for demanding applications.
Through its Luxfer Gas Cylinders business, the company produces aluminum, composite and other specialized cylinders used to store and transport medical oxygen, breathing air, industrial gases, alternative fuels such as compressed natural gas and hydrogen, and fire-suppression agents.
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