Hammond Power Solutions (TSE:HPS.A) Releases Quarterly Earnings Results

Hammond Power Solutions (TSE:HPS.A) posted its earnings results on Thursday. The company reported C$3.13 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$446.26 million for the quarter. Hammond Power Solutions had a return on equity of 28.43% and a net margin of 8.73%.

Hammond Power Solutions Stock Performance

TSE:HPS.A opened at C$245.02 on Friday. The company has a debt-to-equity ratio of 10.76, a current ratio of 2.03 and a quick ratio of 1.06. The firm has a market cap of C$2.92 billion, a PE ratio of 47.39 and a beta of 0.94. The firm has a 50 day simple moving average of C$255.21 and a 200-day simple moving average of C$251.30. Hammond Power Solutions has a 1-year low of C$150.56 and a 1-year high of C$365.12.

Wall Street Analyst Weigh In

Several research firms have weighed in on HPS.A. National Bank Financial raised their price target on Hammond Power Solutions from C$355.00 to C$380.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 13th. ATB Cormark Capital Markets upped their price objective on Hammond Power Solutions from C$350.00 to C$400.00 and gave the company an “outperform” rating in a research report on Friday, October 9th. Seven analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$382.57.

About Hammond Power Solutions

Hammond Power Solutions Inc (‘HPS’ or the ‘Company’) enables electrification through its broad range of dry-type transformers, power quality products and related magnetic and power conversion systems. HPS’ standard and custom-designed products are essential and ubiquitous in electrical distribution networks through an extensive range of end-user applications. The Company has manufacturing plants in North America, Europe and Asia and sells its products around the globe.