Xerium Technologies, Inc. (XRM) Set to Announce Earnings on Monday
Xerium Technologies, Inc. (NYSE:XRM) is scheduled to release its earnings data before the market opens on Monday, July 31st. Analysts expect Xerium Technologies to post earnings of $0.14 per share for the quarter.
Xerium Technologies (NYSE:XRM) last released its quarterly earnings results on Monday, May 1st. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.04. Xerium Technologies had a negative net margin of 4.83% and a negative return on equity of 2.20%. The firm had revenue of $119.87 million for the quarter. On average, analysts expect Xerium Technologies to post $0.43 EPS for the current fiscal year and $0.68 EPS for the next fiscal year.
Shares of Xerium Technologies, Inc. (NYSE:XRM) opened at 7.38 on Monday. Xerium Technologies, Inc. has a 12-month low of $4.68 and a 12-month high of $9.16. The stock’s 50 day moving average is $7.25 and its 200-day moving average is $6.30. The firm’s market cap is $119.31 million.
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In other news, insider Mark Staton acquired 10,000 shares of Xerium Technologies stock in a transaction that occurred on Monday, May 15th. The shares were acquired at an average price of $7.03 per share, with a total value of $70,300.00. Following the purchase, the insider now directly owns 10,000 shares of the company’s stock, valued at $70,300. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jay J. Gurandiano sold 4,000 shares of Xerium Technologies stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $7.01, for a total transaction of $28,040.00. Following the transaction, the director now directly owns 48,917 shares in the company, valued at approximately $342,908.17. The disclosure for this sale can be found here. 17.70% of the stock is owned by company insiders.
About Xerium Technologies
Xerium Technologies, Inc (Xerium) is a manufacturer and supplier of over two types of consumable products used in the production of paper: machine clothing and roll covers. The Company markets its products through brands, such as Huyck Wangner, Weavexx, Stowe Woodward, Mount Hope, Robec and Xibe. The Company operates in two segments: machine clothing and roll covers.
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