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

Hammond Power Solutions (TSE:HPS.A) issued its quarterly earnings data on Thursday. The company reported C$1.98 EPS for the quarter, FiscalAI reports. The business had revenue of C$254.09 million for the quarter. Hammond Power Solutions had a net margin of 8.73% and a return on equity of 28.43%.

Hammond Power Solutions Stock Down 6.3%

Shares of HPS.A stock opened at C$173.84 on Friday. The firm’s fifty day moving average price is C$185.65 and its two-hundred day moving average price is C$164.63. The company has a current ratio of 2.03, a quick ratio of 1.06 and a debt-to-equity ratio of 10.76. Hammond Power Solutions has a 1 year low of C$69.29 and a 1 year high of C$217.46. The firm has a market capitalization of C$2.07 billion, a P/E ratio of 25.64 and a beta of 0.48.

Analyst Ratings Changes

Several analysts have issued reports on HPS.A shares. ATB Cormark Capital Markets lifted their price target on Hammond Power Solutions from C$235.00 to C$250.00 in a research note on Wednesday, February 18th. National Bank Financial increased their price objective on Hammond Power Solutions from C$195.00 to C$215.00 in a report on Wednesday, February 18th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Hammond Power Solutions presently has a consensus rating of “Buy” and a consensus target price of C$206.00.

About Hammond Power Solutions

Hammond Power Solutions Inc is engaged in designing and manufacturing of custom electrical magnetics, cast resin, custom liquid filled distribution and power transformers and standard electrical transformers, serving the electrical and electronic industries. The company has manufacturing plants in Canada, the United States, Mexico and India. The company operates in various geographical markets including Canada, the United States, Mexico, and India in which it derives majority revenue in the United States and Mexico.