Hexagon (OTCMKTS:HXGBY) Releases Earnings Results, Beats Estimates By $0.01 EPS

Hexagon (OTCMKTS:HXGBY) posted its quarterly earnings results on Wednesday. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01, Zacks reports. Hexagon had a return on equity of 9.74% and a net margin of 40.44%.

Hexagon Stock Up 11.7%

Shares of HXGBY traded up $1.03 on Wednesday, reaching $9.83. The company’s stock had a trading volume of 91,921 shares, compared to its average volume of 645,046. Hexagon has a twelve month low of $8.00 and a twelve month high of $12.85. The firm has a fifty day moving average of $9.25 and a 200-day moving average of $10.20. The company has a current ratio of 3.44, a quick ratio of 3.26 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $26.39 billion, a PE ratio of 11.30 and a beta of 1.44.

Analyst Upgrades and Downgrades

HXGBY has been the subject of several recent analyst reports. Barclays cut Hexagon from a “hold” rating to an “underweight” rating in a research note on Thursday, June 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Hexagon in a research note on Monday, April 13th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Hexagon Company Profile

Hexagon AB (publ) is a Sweden-based global provider of digital reality solutions, combining sensor, software and autonomous technologies. The company develops measurement instruments, software and data analytics platforms that enable customers to capture, process and visualize information about physical assets, infrastructure and environments. Hexagon’s offerings are designed to improve productivity and quality in sectors such as manufacturing, construction, surveying, agriculture, mining, public safety and utilities.

The company’s hardware portfolio includes positioning and dimensioning sensors, laser scanners, GNSS receivers and total stations used for surveying and geospatial data acquisition.