Luxfer (NYSE:LXFR) Issues FY 2024 Earnings Guidance

Luxfer (NYSE:LXFR) issued an update on its FY 2024 earnings guidance on Tuesday morning. 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 -.

Luxfer Price Performance

Shares of NYSE:LXFR traded down $0.18 during midday trading on Tuesday, hitting $12.94. 120,147 shares of the stock were exchanged, compared to its average volume of 165,668. The stock has a market cap of $354.69 million, a P/E ratio of 25.44, a PEG ratio of 2.45 and a beta of 0.94. The company has a current ratio of 2.56, a quick ratio of 1.33 and a debt-to-equity ratio of 0.37. Luxfer has a twelve month low of $7.55 and a twelve month high of $13.52. The company has a 50 day moving average price of $11.90 and a 200-day moving average price of $10.44.

Luxfer (NYSE:LXFR) last announced its earnings results on Tuesday, April 30th. The industrial products company reported $0.18 earnings per share for the quarter, beating 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 firm had revenue of $89.40 million during the quarter, compared to the consensus estimate of $82.90 million. On average, research analysts forecast that Luxfer will post 0.77 earnings per share for the current year.

Luxfer Announces Dividend

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

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.

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.