|Bid||10.70 x 0|
|Ask||10.72 x 0|
|Day's Range||10.00 - 10.95|
|52 Week Range||8.56 - 21.64|
|Beta (5Y Monthly)||1.54|
|PE Ratio (TTM)||11.49|
|Earnings Date||Feb. 05, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Dec. 19, 2012|
|1y Target Est||18.42|
CAE Inc. (TSX:CAE)(NYSE:CAE) and Heroux-Devtek Inc. (TSX:HRX) are exposed to turbulence in aviation, but these still qualify as promising defence stocks.The post ALERT! 2 Oversold Defence Stocks appeared first on The Motley Fool Canada.
LONGUEUIL, QC , April 7, 2020 /CNW Telbec/ - Héroux-Devtek Inc. (TSX: HRX) ("Héroux-Devtek" or the "Corporation"), a leading international manufacturer of aerospace products and the ...
The market crash has produced some attractive discounts like CAE Inc. (TSX:CAE)(NYSE:CAE) that can add tremendous upside to a TFSA.The post TFSA Investors: Where to Invest $10,000 in a Market Crash appeared first on The Motley Fool Canada.
To the annoyance of some shareholders, Héroux-Devtek (TSE:HRX) shares are down a considerable 47% in the last month...
Even if it's not a huge purchase, we think it was good to see that Martin Brassard, the President of Héroux-Devtek...
Air Canada (TSX:AC)(TSX:AC.B) is fresh from an incredible performance in 2019, but a repeat performance is doubtful. Another name in the airline industry, however, is off to a great start and should be one of the exciting investment prospects. With the airline industry facing some headwinds lately, aerospace and defense stock Heroux-Devtek (TSX:HRX) might be […]
It's been a good week for Héroux-Devtek Inc. (TSE:HRX) shareholders, because the company has just released its latest...
LONGUEUIL, Que. — Heroux-Devtek Inc. saw recent acquisitions boost sales by nine per cent year over year last quarter, as renewed confidence in its defence division spurred a higher revenue forecast.Last year the company bought landing gear maker Alta Precision and surface treatment provider Tekalia, both based in Montreal.Despite a slight decline in Heroux-Devtek's profit margin, the two companies accounted for the vast majority of growth in revenue, which rose nine per cent year over year to $157.3 million in the quarter ended Dec. 31."When we bought these companies they were in financial difficulty," chief executive Martin Brassard said on a conference call with investors Thursday, noting their lower margins.Since the acquisitions, Heroux-Devtek has implemented cost reduction programs, he said.Net income hit $8.7 million in the third quarter, up from $7.4 million in the same period in 2018.The landing gear manufacturer, based across the St. Lawrence River from Montreal, now expects sales to reach between $600 million and $610 million for its 2020 financial year. The guidance was revised from earlier expectations of $580 million to $600 million.The optimism stems in part from a bolstered backlog of $839 million, a nine per cent increase from the previous quarter that marks a company record.Feeding the backlog are contracts to churn out landing gear for Boeing's F-15 Eagle and F/A-18 Hornet fighter jets and repair and replace it for the U.S. Air Force via a contract with Illinois-based AAR Corp."The backlog increase is more related to the defence side," Brassard said in a phone interview from London, U.K. "It looks like they all have second life."Heroux-Devtek had lost out on the direct air force bid a couple of years ago after holding it for nearly four decades, the CEO said, but regained a portion of that lost income with the AAR subcontract. Recently, Boeing cut its annual orders related to the 777x long-range jetliner nearly in half."So we had two major hits in terms of sales expectations or reductions," Brassard said. "But now we're O.K. We’re growing."The defence unit comprised more than 54 per cent of sales last quarter compared with just under half a year earlier.Analyst Mona Nazir of Laurentian Bank Securities said that Heroux-Devtek is "extremely well-positioned for the coming year," citing the potential for future mergers and acquisitions and a ramp-up in the 777x program."We have seen tremendous progress over the last 12 months," she said in an email.Profits at the Longueil-based company amounted to 24 cents per share, up from 20 cents per share the previous year.On an adjusted basis, Heroux-Devtek earned 24 cents per share, down from 26 cents per share in the same quarter a year earlier due to foreign exchange fluctuations.This report by The Canadian Press was first published Feb. 6, 2020.Companies in this story: (TSX:HRX)Christopher Reynolds, The Canadian Press
Q3 Financial and Operational Highlights Sales of $157.3 million , up 8.8% from $ 144.5 million last year Operating income of $13.5 million , up 13.1% from $11.9 million last year Adjusted EBITDA 1 of $24.6 ...
Investors who are looking for stocks to buy in their TFSA today should look to discounts like Enerplus Corp. (TSX:ERF) and dividend beasts like Genworth MI Canada Inc. (TSX:MIC).
/R E P E A T -- Media Advisory - Héroux-Devtek Announces the Date of its Fiscal 2020 Q3 Conference Call/
LONGUEUIL, QC, Jan. 25, 2020 /CNW Telbec/ - Héroux-Devtek Inc. (TSX:HRX.TO - News) congratulates The Boeing Company on a successful first flight for the new 777X airplane. Héroux-Devtek was selected to supply complete landing gear systems for the Boeing 777 and 777X in 2013, including the main and nose landing gear, and the nose landing gear drag strut.
LONGUEUIL, QC , Jan. 24, 2020 /CNW Telbec/ - Héroux-Devtek Inc. (TSX: HRX) ("Héroux-Devtek" or the "Corporation"), a leading international manufacturer of aerospace products, will report ...