Desjardins Weighs in on Heroux Devtek Inc’s FY2020 Earnings (TSE:HRX)

Heroux Devtek Inc (TSE:HRX) – Equities research analysts at Desjardins lowered their FY2020 earnings estimates for shares of Heroux Devtek in a report issued on Monday, March 23rd. Desjardins analyst B. Poirier now anticipates that the company will earn $0.88 per share for the year, down from their previous estimate of $0.90. Desjardins also issued estimates for Heroux Devtek’s Q4 2020 earnings at $0.28 EPS.

Heroux Devtek (TSE:HRX) last issued its quarterly earnings data on Thursday, February 6th. The company reported C$0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.23 by C$0.01. The company had revenue of C$157.25 million for the quarter, compared to analysts’ expectations of C$149.50 million.

Several other brokerages have also recently weighed in on HRX. National Bank Financial decreased their price target on Heroux Devtek from C$24.00 to C$23.00 in a research report on Friday, March 6th. TD Securities raised their price objective on shares of Heroux Devtek from C$24.00 to C$25.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Raymond James reaffirmed a “market perform” rating and set a C$22.50 price objective on shares of Heroux Devtek in a research note on Friday, February 7th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Heroux Devtek currently has a consensus rating of “Buy” and a consensus target price of C$21.92.

HRX stock opened at C$10.87 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 1.98 and a debt-to-equity ratio of 65.88. The firm has a market capitalization of $340.71 million and a PE ratio of 11.59. Heroux Devtek has a twelve month low of C$8.56 and a twelve month high of C$21.64. The stock has a 50-day simple moving average of C$16.85 and a two-hundred day simple moving average of C$17.87.

In other Heroux Devtek news, Director Gilles Labbé purchased 16,800 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was purchased at an average price of C$9.00 per share, for a total transaction of C$151,200.00. Following the transaction, the director now owns 86,449 shares in the company, valued at approximately C$778,041. Also, Director Martin Brassard acquired 4,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were acquired at an average cost of C$14.30 per share, with a total value of C$57,200.00. Following the acquisition, the director now directly owns 172,411 shares of the company’s stock, valued at approximately C$2,465,477.30. In the last ninety days, insiders bought 22,000 shares of company stock worth $222,800.

About Heroux Devtek

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 and Estimates for Heroux Devtek (TSE:HRX)

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