Hammond Power Solutions (TSE:HPS.A) Announces Earnings Results

Hammond Power Solutions (TSE:HPS.A) announced its quarterly earnings results on Thursday. The company reported C$3.13 EPS for the quarter, FiscalAI reports. Hammond Power Solutions had a net margin of 8.73% and a return on equity of 28.43%. The business had revenue of C$446.26 million during the quarter.

Hammond Power Solutions Stock Down 2.6%

TSE HPS.A traded down C$6.62 on Thursday, reaching C$245.02. The company had a trading volume of 71,791 shares, compared to its average volume of 77,175. The stock has a market capitalization of C$2.92 billion, a P/E ratio of 47.39 and a beta of 0.94. The company’s fifty day moving average is C$255.12 and its 200 day moving average is C$250.90. Hammond Power Solutions has a 52-week low of C$150.56 and a 52-week high of C$365.12. The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 10.76.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on HPS.A shares. National Bank Financial lifted their price objective on shares of Hammond Power Solutions from C$355.00 to C$380.00 and gave the company an “outperform” rating in a report on Tuesday, October 13th. ATB Cormark Capital Markets boosted their target price on shares of Hammond Power Solutions from C$350.00 to C$400.00 and gave the stock an “outperform” rating in a research report on Friday, October 9th. Seven analysts have rated the stock with a Buy rating. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$382.57.

About Hammond Power Solutions

Hammond Power Solutions Inc (‘HPS’ or the ‘Company’) enables electrification through its broad range of dry-type transformers, power quality products and related magnetic and power conversion systems. HPS’ standard and custom-designed products are essential and ubiquitous in electrical distribution networks through an extensive range of end-user applications. The Company has manufacturing plants in North America, Europe and Asia and sells its products around the globe.