Luxfer Holdings PLC (NYSE:LXFR) Forecasted to Earn Q2 2024 Earnings of $0.23 Per Share

Luxfer Holdings PLC (NYSE:LXFR) – Stock analysts at Sidoti Csr upped their Q2 2024 earnings per share estimates for Luxfer in a research note issued to investors on Tuesday, April 9th. Sidoti Csr analyst S. Ferazani now forecasts that the industrial products company will post earnings of $0.23 per share for the quarter, up from their previous forecast of $0.15. The consensus estimate for Luxfer’s current full-year earnings is $0.66 per share.

Luxfer Stock Down 1.8 %

Shares of NYSE:LXFR opened at $9.95 on Wednesday. The stock has a fifty day simple moving average of $9.41 and a two-hundred day simple moving average of $9.30. The stock has a market capitalization of $266.96 million, a price-to-earnings ratio of -124.36, a PEG ratio of 2.25 and a beta of 0.84. Luxfer has a 12-month low of $7.55 and a 12-month high of $16.58. The company has a current ratio of 2.60, a quick ratio of 1.12 and a debt-to-equity ratio of 0.32.

Luxfer (NYSE:LXFR) last released its quarterly earnings results on Tuesday, February 27th. The industrial products company reported $0.07 earnings per share for the quarter. The company had revenue of $95.90 million for the quarter, compared to analyst estimates of $89.70 million. Luxfer had a positive return on equity of 6.63% and a negative net margin of 0.47%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LXFR. Lazard Asset Management LLC purchased a new position in shares of Luxfer in the first quarter worth $42,000. Tower Research Capital LLC TRC increased its position in Luxfer by 855.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,971 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 5,346 shares during the last quarter. Point72 Middle East FZE purchased a new stake in Luxfer during the second quarter valued at $56,000. Royal Bank of Canada grew its holdings in Luxfer by 106.4% during the second quarter. Royal Bank of Canada now owns 4,001 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 2,063 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in Luxfer by 50.2% during the second quarter. Osaic Holdings Inc. now owns 6,857 shares of the industrial products company’s stock valued at $98,000 after purchasing an additional 2,292 shares during the period. Hedge funds and other institutional investors own 90.82% of the company’s stock.

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 first response, healthcare, transportation, and general industrial applications. The company operates through three segments: Elektron, Gas Cylinders, and graphic Arts.