Luxfer (NYSE:LXFR) Posts Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Luxfer (NYSE:LXFR) announced its quarterly earnings results on Wednesday. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.03), FiscalAI reports. Luxfer had a return on equity of 12.22% and a net margin of 2.20%. The company had revenue of $89.30 million during the quarter, compared to the consensus estimate of $93.70 million.

Luxfer Stock Performance

Shares of LXFR traded up $0.01 during trading hours on Wednesday, reaching $17.27. 290,568 shares of the company’s stock traded hands, compared to its average volume of 248,818. Luxfer has a twelve month low of $11.26 and a twelve month high of $19.45. The business’s fifty day simple moving average is $17.23 and its two-hundred day simple moving average is $15.77. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.33 and a quick ratio of 1.05. The firm has a market capitalization of $466.03 million, a price-to-earnings ratio of 57.55, a P/E/G ratio of 2.24 and a beta of 1.12.

Analyst Ratings Changes

Separately, Weiss Ratings raised Luxfer from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

About Luxfer

Luxfer Holdings PLC (NYSE: LXFR) is a global manufacturer of engineered materials and high-pressure gas cylinders. The company serves industrial, healthcare, transportation, aerospace, defense, emergency response and other specialized markets with products designed for demanding applications.

Through its Luxfer Gas Cylinders business, the company produces aluminum, composite and other specialized cylinders used to store and transport medical oxygen, breathing air, industrial gases, alternative fuels such as compressed natural gas and hydrogen, and fire-suppression agents.