FY2024 EPS Estimates for Héroux-Devtek Inc. (TSE:HRX) Lifted by Desjardins

Héroux-Devtek Inc. (TSE:HRXFree Report) – Analysts at Desjardins raised their FY2024 earnings per share (EPS) estimates for Héroux-Devtek in a report issued on Wednesday, February 7th. Desjardins analyst B. Poirier now expects that the company will post earnings of $0.80 per share for the year, up from their previous estimate of $0.70. Desjardins has a “Buy” rating and a $26.00 price target on the stock. The consensus estimate for Héroux-Devtek’s current full-year earnings is $1.01 per share. Desjardins also issued estimates for Héroux-Devtek’s Q4 2024 earnings at $0.30 EPS and FY2025 earnings at $1.13 EPS.

Héroux-Devtek (TSE:HRXGet Free Report) last released its quarterly earnings results on Wednesday, February 7th. The company reported C$0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.17 by C$0.10. The company had revenue of C$163.52 million during the quarter, compared to the consensus estimate of C$148.55 million. Héroux-Devtek had a return on equity of 4.45% and a net margin of 2.88%.

Several other analysts also recently weighed in on the company. Scotiabank increased their target price on Héroux-Devtek from C$19.50 to C$21.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. TD Securities raised Héroux-Devtek from a “hold” rating to a “buy” rating and upped their price target for the company from C$19.00 to C$23.00 in a report on Thursday, February 8th. Finally, National Bankshares upped their price target on Héroux-Devtek from C$19.00 to C$23.00 and gave the company an “outperform” rating in a report on Thursday, February 8th.

Check Out Our Latest Stock Analysis on HRX

Héroux-Devtek Price Performance

Shares of TSE:HRX opened at C$18.21 on Monday. The business has a 50 day moving average price of C$15.52 and a 200 day moving average price of C$15.55. Héroux-Devtek has a twelve month low of C$12.52 and a twelve month high of C$18.62. The company has a market cap of C$612.77 million, a price-to-earnings ratio of 37.94, a PEG ratio of 1.02 and a beta of 1.56. The company has a quick ratio of 0.96, a current ratio of 2.15 and a debt-to-equity ratio of 54.51.

Héroux-Devtek Company Profile

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Héroux-Devtek Inc engages in the design, development, manufacture, finishing, assembling, and repair and overhaul of aircraft landing gears, hydraulic and electromechanical flight control actuators, custom ball screws, and fracture-critical components. The company serves commercial and defence sectors of the aerospace market.

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Earnings History and Estimates for Héroux-Devtek (TSE:HRX)

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