Desjardins Analysts Lower Earnings Estimates for Héroux-Devtek Inc. (TSE:HRX)

Héroux-Devtek Inc. (TSE:HRXGet Rating) – Analysts at Desjardins decreased their Q3 2023 earnings per share estimates for Héroux-Devtek in a report issued on Sunday, November 13th. Desjardins analyst B. Poirier now forecasts that the company will earn $0.21 per share for the quarter, down from their previous forecast of $0.25. The consensus estimate for Héroux-Devtek’s current full-year earnings is $1.01 per share. Desjardins also issued estimates for Héroux-Devtek’s Q4 2023 earnings at $0.26 EPS, FY2023 earnings at $0.61 EPS and FY2024 earnings at $1.09 EPS.

HRX has been the subject of a number of other reports. National Bankshares reduced their target price on shares of Héroux-Devtek from C$25.00 to C$23.00 and set an “outperform” rating for the company in a research report on Monday, August 8th. TD Securities dropped their price objective on Héroux-Devtek from C$22.00 to C$21.00 and set a “buy” rating for the company in a research note on Monday, August 8th. Scotiabank dropped their price target on Héroux-Devtek from C$21.00 to C$18.00 in a research report on Monday, August 8th. Finally, Raymond James reduced their price objective on Héroux-Devtek from C$20.50 to C$19.00 and set an “outperform” rating on the stock in a report on Monday, August 8th.

Héroux-Devtek Trading Up 2.5 %

HRX stock opened at C$13.68 on Tuesday. The company has a market capitalization of C$471.71 million and a PE ratio of 18.24. The company has a debt-to-equity ratio of 68.48, a quick ratio of 0.96 and a current ratio of 2.20. The company’s 50-day simple moving average is C$12.36 and its 200 day simple moving average is C$13.60. Héroux-Devtek has a 52 week low of C$11.20 and a 52 week high of C$19.09.

About Héroux-Devtek

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Héroux-Devtek Inc engages in the design, development, manufacture, assembling, and repair and overhaul of aircraft landing gears, hydraulic and electromechanical flight control actuators, custom ball screws, and fracture-critical components. The company also assembles and installs aircraft components at customer assembly lines.

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Earnings History and Estimates for Héroux-Devtek (TSE:HRX)

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