Heroux Devtek (HRX) Issues Earnings Results

Heroux Devtek (TSE:HRX) announced its earnings results on Thursday. The company reported C$0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.13 by C$0.13, Morningstar.com reports. The firm had revenue of C$144.53 million during the quarter, compared to analysts’ expectations of C$133.50 million.

Shares of TSE HRX opened at C$13.96 on Friday. The company has a market capitalization of $507.17 million and a price-to-earnings ratio of 37.93. The company has a debt-to-equity ratio of 65.42, a quick ratio of 2.52 and a current ratio of 4.08. Heroux Devtek has a 52-week low of C$11.05 and a 52-week high of C$16.75.

HRX has been the topic of a number of research analyst reports. Royal Bank of Canada cut their target price on Heroux Devtek from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 13th. Raymond James raised Heroux Devtek from a “market perform” rating to an “outperform” rating and cut their target price for the company from C$17.00 to C$16.50 in a research report on Tuesday, November 13th. Finally, TD Securities raised Heroux Devtek from a “hold” rating to a “buy” rating and set a C$17.50 target price on the stock in a research report on Tuesday, November 13th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of C$18.75.

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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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Earnings History for Heroux Devtek (TSE:HRX)

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