Heroux Devtek Inc (TSE:HRX) – Research analysts at Desjardins dropped their Q2 2020 earnings estimates for Heroux Devtek in a report issued on Monday, August 12th. Desjardins analyst B. Poirier now expects that the company will post earnings per share of $0.12 for the quarter, down from their prior forecast of $0.13. Desjardins also issued estimates for Heroux Devtek’s Q3 2020 earnings at $0.25 EPS, Q4 2020 earnings at $0.31 EPS, FY2020 earnings at $0.88 EPS, FY2021 earnings at $1.08 EPS and FY2022 earnings at $1.13 EPS.
Heroux Devtek (TSE:HRX) last issued its earnings results on Thursday, May 23rd. The company reported C$0.36 earnings per share for the quarter, topping the consensus estimate of C$0.23 by C$0.13. The business had revenue of C$157.91 million for the quarter, compared to analyst estimates of C$146.50 million.
Several other brokerages have also weighed in on HRX. Laurentian cut their target price on Heroux Devtek from C$18.50 to C$13.00 in a research report on Monday. Raymond James lowered Heroux Devtek from an “outperform” rating to a “market perform” rating and raised their target price for the stock from C$19.50 to C$21.00 in a research report on Monday. TD Securities raised their target price on Heroux Devtek from C$22.00 to C$23.00 and gave the stock a “buy” rating in a research report on Monday. National Bank Financial raised their target price on Heroux Devtek from C$20.00 to C$23.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Royal Bank of Canada raised their price target on Heroux Devtek from C$21.00 to C$24.00 and gave the stock an “outperform” rating in a research note on Monday. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of C$21.33.
Shares of TSE HRX opened at C$17.80 on Wednesday. The company has a debt-to-equity ratio of 64.42, a quick ratio of 0.93 and a current ratio of 1.95. Heroux Devtek has a fifty-two week low of C$11.05 and a fifty-two week high of C$20.30. The firm has a market capitalization of $710.88 million and a PE ratio of 24.45. The stock’s 50-day simple moving average is C$19.47 and its 200-day simple moving average is C$16.89.
In related news, Senior Officer Jean Gravel sold 3,300 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of C$16.86, for a total transaction of C$55,638.00. Following the transaction, the insider now owns 42,921 shares in the company, valued at approximately C$723,648.06.
Heroux Devtek Company Profile
Héroux-Devtek Inc engages in the design, development, manufacture, integration, testing, and repair and overhaul of aircraft landing gears, hydraulic flight control actuators, and fracture-critical components in Canada, the United States, and the United Kingdom. The company also manufactures and sells hydraulic systems, fluid filtration systems, electronic enclosures, heat exchangers, and cabinets for suppliers of airborne radar, electro-optic systems, and aircraft controls.
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