Heroux Devtek (HRX) Issues Earnings Results

Heroux Devtek (TSE:HRX) posted its quarterly earnings data on Thursday. The company reported C$0.36 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.23 by C$0.13, Morningstar.com reports.

Shares of HRX stock opened at C$15.99 on Friday. The company has a current ratio of 2.21, a quick ratio of 0.91 and a debt-to-equity ratio of 73.44. Heroux Devtek has a one year low of C$11.05 and a one year high of C$16.75. The stock has a market cap of $553.90 million and a PE ratio of 29.07.

HRX has been the subject of a number of analyst reports. Royal Bank of Canada upped their price objective on shares of Heroux Devtek from C$19.00 to C$20.00 and gave the company a “buy” rating in a research report on Friday, February 8th. Raymond James reissued an “outperform” rating and issued a C$17.00 price objective on shares of Heroux Devtek in a research report on Friday, February 8th. Finally, TD Securities upped their price objective on shares of Heroux Devtek from C$17.50 to C$19.50 and gave the company a “buy” rating in a research report on Friday, February 8th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$18.75.

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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 for Heroux Devtek (TSE:HRX)

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