Exco Technologies Limited (TSE:XTC) – Equities researchers at Cormark boosted their Q1 2019 earnings per share (EPS) estimates for Exco Technologies in a research report issued on Friday. Cormark analyst D. Tyerman now expects that the company will post earnings of $0.31 per share for the quarter, up from their previous forecast of $0.29. Cormark also issued estimates for Exco Technologies’ Q2 2019 earnings at $0.32 EPS, Q3 2019 earnings at $0.32 EPS and Q4 2019 earnings at $0.32 EPS.
Exco Technologies (TSE:XTC) last issued its quarterly earnings data on Wednesday, January 31st. The company reported C$0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.22 by C($0.01). The firm had revenue of C$134.87 million for the quarter, compared to analysts’ expectations of C$138.55 million. Exco Technologies had a net margin of 5.72% and a return on equity of 9.93%.
Exco Technologies (TSE:XTC) opened at C$9.80 on Monday. The firm has a market capitalization of $415.96, a PE ratio of 9.80 and a beta of 0.82. Exco Technologies has a 12-month low of C$8.80 and a 12-month high of C$12.79.
In related news, insider Edward James Kernaghan purchased 3,000 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was bought at an average price of C$9.20 per share, for a total transaction of C$27,600.00. Also, insider Brian Andrew Robbins purchased 400,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was bought at an average price of C$9.54 per share, with a total value of C$3,816,000.00. In the last quarter, insiders purchased 413,650 shares of company stock valued at $3,942,673.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be given a $0.085 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.34 annualized dividend and a yield of 3.47%. This is a positive change from Exco Technologies’s previous quarterly dividend of $0.08. Exco Technologies’s dividend payout ratio (DPR) is currently 31.00%.
About Exco Technologies
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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