Hexagon (OTCMKTS:HXGBY) Issues Quarterly Earnings Results, Meets Expectations

Hexagon (OTCMKTS:HXGBY) posted its quarterly earnings results on Friday. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09, Zacks reports. Hexagon had a return on equity of 10.21% and a net margin of 11.66%. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.14 billion.

Hexagon Stock Up 2.8%

Shares of OTCMKTS HXGBY opened at $10.60 on Friday. The firm’s 50-day moving average price is $10.11 and its 200-day moving average price is $9.89. The company has a current ratio of 1.53, a quick ratio of 1.29 and a debt-to-equity ratio of 0.30. Hexagon has a 12-month low of $8.00 and a 12-month high of $12.85. The stock has a market capitalization of $28.45 billion, a price-to-earnings ratio of 23.56 and a beta of 1.40.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on HXGBY shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Hexagon in a research report on Tuesday, September 1st. Citigroup reiterated a “neutral” rating on shares of Hexagon in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Hexagon currently has a consensus rating of “Hold”.

About Hexagon

Hexagon AB is a Sweden-based technology company that develops digital reality, geospatial, and industrial intelligence solutions. Its products combine sensors, software, and autonomous technologies to help customers measure, design, manufacture, monitor, and manage physical environments and industrial operations.

The company serves industries including surveying and construction, manufacturing, infrastructure, mining, agriculture, public safety, and transportation. Its offerings include surveying instruments, positioning and measurement systems, 3D laser scanning, computer-aided manufacturing software, quality management tools, industrial asset management solutions, and digital twin technologies.