Luxfer (NYSE:LXFR) Releases FY 2024 Earnings Guidance

Luxfer (NYSE:LXFR) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.880-0.940 for the period, compared to the consensus earnings per share estimate of 0.840. The company issued revenue guidance of -.

Luxfer Price Performance

Shares of Luxfer stock traded down $0.12 during trading on Tuesday, hitting $12.74. 99,203 shares of the company were exchanged, compared to its average volume of 151,280. The stock has a market capitalization of $349.25 million, a price-to-earnings ratio of -67.05, a P/E/G ratio of 2.42 and a beta of 0.91. The company has a quick ratio of 1.21, a current ratio of 2.39 and a debt-to-equity ratio of 0.36. Luxfer has a fifty-two week low of $7.55 and a fifty-two week high of $13.52. The firm has a 50 day moving average price of $12.01 and a 200 day moving average price of $11.64.

Luxfer (NYSE:LXFR) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. The business had revenue of $99.70 million for the quarter, compared to analyst estimates of $99.70 million. Luxfer had a negative net margin of 1.28% and a positive return on equity of 6.24%. On average, equities analysts expect that Luxfer will post 0.75 earnings per share for the current fiscal year.

Luxfer Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Friday, October 18th will be issued a $0.13 dividend. The ex-dividend date is Friday, October 18th. This represents a $0.52 dividend on an annualized basis and a yield of 4.08%. Luxfer’s dividend payout ratio is currently -273.68%.

Insider Activity

In related news, insider Graham Wardlow sold 6,500 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $10.83, for a total transaction of $70,395.00. Following the completion of the sale, the insider now owns 29,008 shares of the company’s stock, valued at $314,156.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.17% of the company’s stock.

Luxfer Company Profile

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.