Luxfer (LXFR) Updates FY 2019 Earnings Guidance

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Luxfer (NYSE:LXFR) updated its FY 2019 earnings guidance on Monday. The company provided EPS guidance of $1.83-1.83 for the period.

Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Luxfer from a buy rating to a hold rating in a research report on Friday, January 18th. ValuEngine lowered shares of Luxfer from a buy rating to a hold rating in a research report on Friday, March 1st.

Shares of Luxfer stock traded up $2.71 during trading on Monday, hitting $20.68. 1,668,591 shares of the company’s stock traded hands, compared to its average volume of 187,264. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 2.44. Luxfer has a twelve month low of $12.33 and a twelve month high of $28.06. The firm has a market cap of $476.28 million, a P/E ratio of 21.77 and a beta of 1.09.

A hedge fund recently bought a new stake in Luxfer stock. Geode Capital Management LLC purchased a new stake in Luxfer Holdings PLC (NYSE:LXFR) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 55,672 shares of the industrial products company’s stock, valued at approximately $981,000. Geode Capital Management LLC owned approximately 0.21% of Luxfer as of its most recent SEC filing. 92.02% of the stock is owned by hedge funds and other institutional investors.

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About Luxfer

Luxfer Holdings PLC, a materials technology company, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas-containment devices for transportation, defense and emergency response, healthcare, and general industrial applications in Europe, North America, the Asia Pacific, and internationally.

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