Luxfer (NYSE:LXFR) Updates 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

NYSE:LXFR traded down $0.12 during mid-day trading on Tuesday, reaching $12.74. 99,203 shares of the company were exchanged, compared to its average volume of 151,280. Luxfer has a 12 month low of $7.55 and a 12 month high of $13.52. The stock has a market cap of $349.25 million, a PE ratio of -67.68, a PEG 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. The company has a fifty day moving average of $12.01 and a 200 day moving average of $11.64.

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

Luxfer Dividend Announcement

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

Insider Activity

In other Luxfer news, insider Graham Wardlow sold 6,500 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was 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 directly owns 29,008 shares of the company’s stock, valued at approximately $314,156.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.17% of the stock is currently owned by insiders.

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.