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

Hammond Power Solutions (TSE:HPS.A) issued its quarterly earnings results on Tuesday. The company reported C$2.08 earnings per share for the quarter, FiscalAI reports. Hammond Power Solutions had a net margin of 8.73% and a return on equity of 28.43%. The business had revenue of C$264.84 million for the quarter.

Hammond Power Solutions Stock Performance

TSE HPS.A traded up C$14.66 during mid-day trading on Wednesday, reaching C$304.48. 124,048 shares of the stock were exchanged, compared to its average volume of 88,976. The company has a market capitalization of C$3.62 billion, a P/E ratio of 50.16 and a beta of 0.96. The company has a debt-to-equity ratio of 10.76, a quick ratio of 1.06 and a current ratio of 2.03. The business’s 50 day moving average is C$211.37 and its 200-day moving average is C$187.35. Hammond Power Solutions has a 1 year low of C$91.00 and a 1 year high of C$309.88.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HPS.A shares. ATB Cormark Capital Markets boosted their price objective on Hammond Power Solutions from C$235.00 to C$250.00 in a research report on Wednesday, February 18th. Royal Bank Of Canada set a C$250.00 target price on shares of Hammond Power Solutions and gave the company an “outperform” rating in a research note on Monday, April 13th. National Bank Financial raised their target price on shares of Hammond Power Solutions from C$220.00 to C$235.00 and gave the company an “outperform” rating in a research report on Tuesday, April 7th. Finally, Canaccord Genuity Group boosted their target price on Hammond Power Solutions from C$223.00 to C$226.00 and gave the stock a “buy” rating in a research note on Monday, March 23rd. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$240.25.

Hammond Power Solutions Company Profile

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.