Luxfer Holdings Plc Down 6.29% To $13.12 After Earnings Miss

Wednesday, July 26, 2023 - Luxfer Holdings Plc (LXFR) reported downside earnings and revenues today.

Analyst expectations for Luxfer Holdings Plc earnings per share (EPS) were at $0.30, with the company missing those estimates with a reported EPS of $0.27, leading to a negative surprise of $0.03 per share (-10%). Luxfer Holdings Plc's earnings were down 25% year-over-year as the firm reported an EPS of $0.36 in its year-ago quarter. The negative annual growth shows the Industrials company isn't performing well amid current economic conditions.

Revenues were downbeat at $110.4 million. That is an increase of 0.82% in revenues from the year-ago report and is 0.54% lower than consensus estimates set at $111 million.

The stock is down 6.29% to $13.12 after the report.

Despite revenues increasing, earnings decreased, signaling a decline in profit margins.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Luxfer Holdings Plc has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 14, putting Luxfer Holdings Plc in the bottom 25% of stocks. The firm set a 52-week high on February 3, 2023 at $17.83 and set a 52-week low on December 22, 2022 at $12.71.

Luxfer Holdings PLC is a global manufacturer of highly-engineered industrial materials which focuses on value creation by using its broad array of technical know-how and proprietary technologies. Its high-performance materials, components and high-pressure gas containment devices are used in defense and emergency response, healthcare, transportation and general industrial applications. It focuses primarily on product lines related to magnesium alloys, zirconium chemicals and carbon composites. Its product areas, include magnesium aerospace alloys, photo-engraving plates, zirconium chemicals for automotive catalytic converters and high-pressure composite cylinders for breathing applications and a wide variety of other uses. Its segments are Elektron and Gas Cylinders.