Hexagon (OTCMKTS:HXGBY – Get Free Report) released its quarterly earnings results on Friday. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.01, reports. The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Hexagon had a net margin of 12.09% and a return on equity of 10.64%.
Hexagon Stock Down 0.4%
Shares of HXGBY opened at $11.34 on Friday. The stock’s 50-day moving average price is $11.61 and its two-hundred day moving average price is $11.62. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $30.44 billion, a PE ratio of 43.62, a PEG ratio of 2.73 and a beta of 1.40. Hexagon has a 12 month low of $8.51 and a 12 month high of $12.85.
Analysts Set New Price Targets
HXGBY has been the topic of a number of research reports. BNP Paribas Exane raised Hexagon from a “hold” rating to an “outperform” rating in a report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Hexagon in a research report on Monday, October 27th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Hexagon has an average rating of “Hold”.
Hexagon Company Profile
Hexagon AB (publ) is a Sweden-based global provider of digital reality solutions, combining sensor, software and autonomous technologies. The company develops measurement instruments, software and data analytics platforms that enable customers to capture, process and visualize information about physical assets, infrastructure and environments. Hexagon’s offerings are designed to improve productivity and quality in sectors such as manufacturing, construction, surveying, agriculture, mining, public safety and utilities.
The company’s hardware portfolio includes positioning and dimensioning sensors, laser scanners, GNSS receivers and total stations used for surveying and geospatial data acquisition.
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