Luxfer (NYSE:LXFR) Issues FY 2024 Earnings Guidance

Luxfer (NYSE:LXFR) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 0.900-1.000 for the period, compared to the consensus EPS estimate of 0.840. The company issued revenue guidance of -.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Luxfer from a hold rating to a buy rating in a research note on Monday, May 13th.

Luxfer Price Performance

LXFR traded down $0.18 on Tuesday, hitting $12.94. 120,147 shares of the company’s stock were exchanged, compared to its average volume of 165,668. Luxfer has a fifty-two week low of $7.55 and a fifty-two week high of $13.52. The company has a current ratio of 2.56, a quick ratio of 1.33 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $11.90 and a 200-day moving average price of $10.44. The stock has a market cap of $354.69 million, a price-to-earnings ratio of 25.44, a P/E/G ratio of 2.45 and a beta of 0.94.

Luxfer (NYSE:LXFR) last announced its earnings results on Tuesday, April 30th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.12. Luxfer had a net margin of 0.08% and a return on equity of 6.59%. The company had revenue of $89.40 million for the quarter, compared to analysts’ expectations of $82.90 million. As a group, equities analysts anticipate that Luxfer will post 0.77 earnings per share for the current year.

Luxfer Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Friday, July 19th will be paid a dividend of $0.13 per share. The ex-dividend date is Friday, July 19th. This represents a $0.52 annualized dividend and a yield of 4.02%.

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.