Equities Analysts Offer Predictions for Heroux Devtek Inc’s Q2 2018 Earnings (TSE:HRX)

Heroux Devtek Inc (TSE:HRX) – Investment analysts at Desjardins reduced their Q2 2018 earnings per share estimates for shares of Heroux Devtek in a report released on Tuesday. Desjardins analyst B. Poirier now expects that the company will post earnings per share of $0.09 for the quarter, down from their prior estimate of $0.14. Desjardins also issued estimates for Heroux Devtek’s FY2018 earnings at $0.61 EPS and FY2019 earnings at $0.71 EPS.

HRX has been the topic of several other reports. Royal Bank Of Canada assumed coverage on Heroux Devtek in a research report on Thursday, June 15th. They issued an “outperform” rating and a C$17.00 price objective on the stock. Scotiabank boosted their price objective on Heroux Devtek from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Monday, May 29th. Finally, Raymond James Financial, Inc. boosted their price objective on Heroux Devtek from C$13.00 to C$13.25 and gave the company a “market perform” rating in a research report on Friday, May 26th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of C$15.04.

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Shares of Heroux Devtek (TSE:HRX) traded down 1.40% on Wednesday, reaching $12.70. The company’s stock had a trading volume of 1,720 shares. The stock has a 50-day moving average of $13.95 and a 200 day moving average of $13.18. The company has a market cap of $458.85 million and a price-to-earnings ratio of 14.43. Heroux Devtek has a 52-week low of $11.06 and a 52-week high of $16.05.

Heroux Devtek (TSE:HRX) last announced its quarterly earnings data on Thursday, May 25th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. The firm had revenue of $120.89 million during the quarter, compared to the consensus estimate of $121.50 million. Heroux Devtek had a return on equity of 10.20% and a net margin of 7.36%.

Heroux Devtek Company Profile

Héroux-Devtek Inc engages in the design, development, manufacture, repair, and overhaul of aircraft landing gears, hydraulic flight control actuators, and fracture-critical components in Canada, the United States, the United Kingdom, and internationally. 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.

Earnings History and Estimates for Heroux Devtek (TSE:HRX)

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