Hexagon (OTCMKTS:HXGBY) Shares Gap Up on Earnings Beat

Hexagon AB Unsponsored ADR (OTCMKTS:HXGBY)’s share price gapped up before the market opened on Thursday following a stronger than expected earnings report. The stock had previously closed at $8.80, but opened at $9.98. Hexagon shares last traded at $10.00, with a volume of 21,490 shares trading hands.

The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Hexagon had a net margin of 40.44% and a return on equity of 9.74%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on HXGBY shares. Barclays cut shares of Hexagon from a “hold” rating to an “underweight” rating in a report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Hexagon in a research report on Monday, April 13th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Hexagon currently has a consensus rating of “Hold”.

Hexagon Price Performance

The stock has a market cap of $26.90 billion, a price-to-earnings ratio of 11.52 and a beta of 1.44. The company’s 50 day moving average is $9.21 and its 200 day moving average is $10.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.44 and a quick ratio of 3.26.

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.