Heroux Devtek Inc (TSE:HRX) – Research analysts at Desjardins lowered their FY2021 earnings per share (EPS) estimates for Heroux Devtek in a note issued to investors on Monday, March 23rd. Desjardins analyst B. Poirier now expects that the company will post earnings per share of $0.53 for the year, down from their prior forecast of $1.12. Desjardins also issued estimates for Heroux Devtek’s FY2022 earnings at $0.83 EPS.

HRX has been the topic of a number of other research reports. TD Securities increased their price objective on Heroux Devtek from C$24.00 to C$25.00 and gave the company a “buy” rating in a research note on Friday, February 7th. National Bank Financial cut their target price on shares of Heroux Devtek from C$24.00 to C$23.00 in a research note on Friday, March 6th. Finally, Raymond James restated a “market perform” rating and issued a C$22.50 target price on shares of Heroux Devtek in a report on Friday, February 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of C$21.92.

Shares of TSE:HRX opened at C$10.24 on Thursday. The company has a quick ratio of 0.67, a current ratio of 1.98 and a debt-to-equity ratio of 65.88. Heroux Devtek has a 52-week low of C$8.56 and a 52-week high of C$21.64. The stock’s fifty day simple moving average is C$16.85 and its 200-day simple moving average is C$17.87. The company has a market capitalization of $340.71 million and a P/E ratio of 10.92.

Heroux Devtek (TSE:HRX) last released its quarterly earnings results on Thursday, February 6th. The company reported C$0.24 earnings per share for the quarter, topping the consensus estimate 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.

In other Heroux Devtek news, Director Gilles Labbé bought 16,800 shares of Heroux Devtek stock in a transaction that occurred on Thursday, March 19th. The shares were purchased at an average cost of C$9.00 per share, for a total transaction of C$151,200.00. Following the completion of the transaction, the director now owns 86,449 shares of the company’s stock, valued at approximately C$778,041. Also, Director Martin Brassard purchased 4,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was acquired at an average cost of C$14.30 per share, for a total transaction of C$57,200.00. Following the completion of the purchase, the director now owns 172,411 shares in the company, valued at approximately C$2,465,477.30. In the last 90 days, insiders have purchased 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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