Exco Technologies Limited (TSE:XTC) – Investment analysts at Cormark dropped their Q1 2018 earnings per share estimates for shares of Exco Technologies in a research note issued to investors on Friday. Cormark analyst D. Tyerman now forecasts that the company will post earnings of $0.21 per share for the quarter, down from their previous forecast of $0.27. Cormark also issued estimates for Exco Technologies’ Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.27 EPS, Q4 2018 earnings at $0.28 EPS, FY2018 earnings at $1.01 EPS, Q1 2019 earnings at $0.29 EPS, Q2 2019 earnings at $0.30 EPS, Q3 2019 earnings at $0.30 EPS, Q4 2019 earnings at $0.30 EPS, FY2019 earnings at $1.19 EPS, FY2021 earnings at $1.35 EPS and FY2022 earnings at $1.40 EPS.
A number of other brokerages also recently weighed in on XTC. Scotiabank downgraded Exco Technologies from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$15.00 to C$12.50 in a report on Tuesday, August 8th. BMO Capital Markets decreased their price target on Exco Technologies from C$11.50 to C$10.00 in a report on Friday.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Wednesday, December 13th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.32 annualized dividend and a dividend yield of 3.44%. Exco Technologies’s dividend payout ratio is presently 28.04%.
Exco Technologies Company Profile
Exco Technologies Limited, together with its subsidiaries, designs, develops, manufactures, and sells dies, molds, components and assemblies, and consumable equipment for the die-cast, extrusion, and automotive industries. It operates in two segments, Casting and Extrusion; and Automotive Solutions. The Casting and Extrusion segment designs, develops, manufactures, and sells die-castings and extrusion tooling products, and consumable parts for aluminum die-casting and aluminum extrusion machines.
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