Luxfer (NYSE:LXFR) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Luxfer (NYSE:LXFR – Get Rating) posted its quarterly earnings data on Monday. The industrial products company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.04, MarketWatch Earnings reports. The firm had revenue of $97.00 million during the quarter, compared to analysts’ expectations of $97.68 million. Luxfer had a net margin of 7.99% and a return on equity of 17.79%. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the company posted $0.38 EPS.

Shares of LXFR stock opened at $17.08 on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.95 and a debt-to-equity ratio of 0.29. Luxfer has a 52 week low of $15.34 and a 52 week high of $23.91. The stock has a market capitalization of $470.21 million, a PE ratio of 15.96, a P/E/G ratio of 1.04 and a beta of 1.01. The firm has a 50 day moving average of $17.58 and a two-hundred day moving average of $18.76.

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 given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Wednesday, April 13th. This is a boost from Luxfer’s previous quarterly dividend of $0.13. Luxfer’s dividend payout ratio (DPR) is currently 48.60%.

A number of research firms recently weighed in on LXFR. StockNews.com began coverage on shares of Luxfer in a research report on Thursday, March 31st. They set a “buy” rating for the company. B. Riley increased their price objective on shares of Luxfer from $26.50 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, February 23rd. Finally, Zacks Investment Research cut shares of Luxfer from a “hold” rating to a “sell” rating in a research report on Tuesday, March 1st.

Several institutional investors and hedge funds have recently made changes to their positions in LXFR. Morgan Stanley raised its holdings in shares of Luxfer by 1,323.4% in the 2nd quarter. Morgan Stanley now owns 26,375 shares of the industrial products company’s stock valued at $587,000 after purchasing an additional 24,522 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Luxfer in the 2nd quarter valued at $648,000. Dimensional Fund Advisors LP acquired a new stake in shares of Luxfer in the 3rd quarter valued at $739,000. Invesco Ltd. raised its holdings in shares of Luxfer by 9.0% in the 3rd quarter. Invesco Ltd. now owns 45,076 shares of the industrial products company’s stock valued at $885,000 after purchasing an additional 3,720 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Luxfer by 39.2% in the 3rd quarter. Royal Bank of Canada now owns 3,497 shares of the industrial products company’s stock valued at $68,000 after purchasing an additional 984 shares in the last quarter. Institutional investors and hedge funds own 98.69% of the company’s stock.

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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