Luxfer (NYSE:LXFR) Releases FY 2022 Earnings Guidance

Luxfer (NYSE:LXFRGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.350-$1.500 for the period, compared to the Thomson Reuters consensus estimate of $1.370. The company issued revenue guidance of -.Luxfer also updated its FY 2025 guidance to $2.000-$ EPS.

Shares of NYSE LXFR traded up $0.03 during mid-day trading on Monday, hitting $17.08. The company had a trading volume of 76,040 shares, compared to its average volume of 139,568. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.95 and a quick ratio of 0.87. The business’s 50-day simple moving average is $17.56 and its 200-day simple moving average is $18.78. Luxfer has a 12 month low of $15.34 and a 12 month high of $23.91. The firm has a market cap of $470.21 million, a P/E ratio of 15.96, a PEG ratio of 1.04 and a beta of 1.01.

Luxfer (NYSE:LXFRGet Rating) last announced its quarterly earnings results on Monday, February 21st. The industrial products company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.07. The firm had revenue of $98.70 million during the quarter, compared to analysts’ expectations of $89.17 million. Luxfer had a net margin of 7.99% and a return on equity of 17.79%. During the same quarter last year, the company earned $0.25 earnings per share. As a group, sell-side analysts predict that Luxfer will post 1.26 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 4th. Shareholders of record on Thursday, April 14th will be paid a dividend of $0.13 per share. This is a boost from Luxfer’s previous quarterly dividend of $0.13. The ex-dividend date is Wednesday, April 13th. This represents a $0.52 dividend on an annualized basis and a yield of 3.04%. Luxfer’s dividend payout ratio (DPR) is currently 48.60%.

A number of research analysts have commented on LXFR shares. B. Riley raised their price target on shares of Luxfer from $26.50 to $27.00 and gave the stock a buy rating in a research note on Wednesday, February 23rd. Zacks Investment Research cut shares of Luxfer from a hold rating to a sell rating in a research note on Tuesday, March 1st. Finally, StockNews.com initiated coverage on shares of Luxfer in a research note on Thursday, March 31st. They set a buy rating for the company.

Several hedge funds and other institutional investors have recently bought and sold shares of LXFR. Royal Bank of Canada increased its holdings in shares of Luxfer by 39.2% during the third quarter. Royal Bank of Canada now owns 3,497 shares of the industrial products company’s stock worth $68,000 after buying an additional 984 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Luxfer by 456.9% in the third quarter. BNP Paribas Arbitrage SA now owns 6,778 shares of the industrial products company’s stock valued at $133,000 after purchasing an additional 5,561 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Luxfer by 21.3% in the fourth quarter. Citigroup Inc. now owns 15,424 shares of the industrial products company’s stock valued at $298,000 after purchasing an additional 2,705 shares in the last quarter. Credit Suisse AG increased its holdings in shares of Luxfer by 6.9% in the fourth quarter. Credit Suisse AG now owns 22,277 shares of the industrial products company’s stock valued at $431,000 after purchasing an additional 1,435 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Luxfer by 13.5% in the fourth quarter. Legal & General Group Plc now owns 26,759 shares of the industrial products company’s stock valued at $517,000 after purchasing an additional 3,186 shares in the last quarter. 98.69% of the stock is owned by institutional investors.

About Luxfer (Get Rating)

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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