Brokers Set Expectations for Exco Technologies Limited’s FY2022 Earnings (XTC)
Exco Technologies Limited (TSE:XTC) – Research analysts at Cormark issued their FY2022 earnings per share estimates for shares of Exco Technologies Limited in a report released on Tuesday. Cormark analyst D. Tyerman expects that the company will earn $1.44 per share for the year.
Separately, Scotiabank downgraded Exco Technologies Limited from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$15.00 to C$12.50 in a research report on Tuesday, August 8th.
Exco Technologies Limited (TSE XTC) traded down 0.29% during mid-day trading on Wednesday, reaching $10.26. The company had a trading volume of 23,775 shares. The company has a market capitalization of $437.59 million and a price-to-earnings ratio of 9.68. Exco Technologies Limited has a 12-month low of $9.24 and a 12-month high of $12.79. The stock has a 50-day moving average of $9.77 and a 200 day moving average of $10.63.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a $0.08 dividend. This is an increase from Exco Technologies Limited’s previous quarterly dividend of $0.06. This represents a $0.32 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date was Thursday, September 14th.
About Exco Technologies Limited
Exco Technologies Limited is a designer, developer and manufacturer of dies, molds, components and assemblies, and consumable equipment for the die-cast, extrusion and automotive industries. The Company’s segments include casting and extrusion, and automotive solutions. The casting and extrusion segment designs, develops and manufactures die-casting and extrusion tooling, and consumable parts for both aluminum die-casting and aluminum extrusion machines.
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